Ignite FB Tracking Pixel200 S 1st Street, San Jose, CA 95113 - Khalid & Donna Mahmud ,CA DRE #01812087,CA DRE # 01812367
eXp Realty Of California Inc.
Khalid & Donna Mahmud ,CA DRE #01812087,CA DRE # 01812367, eXp Realty Of California Inc.Phone: (408) 464-6442
Email: [email protected]
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listing
1 of 39
Single FamilyFor Sale
$12,000,000
200 S 1st Street
San Jose, CA 95113
Listed by: Joel Hopman from Newmark Cornish & Carey, (408) 727-9600
MLS: Bay East Contra Costa (BECCAR)
45,610Sq Ft
Est. Mortgage
$62,042/mo

Newmark, as an exclusive advisor is proud to present the Twohy Lofts in vibrant Downtown San Jose. The 5-story building consists of 36 Loft Style units and ground floor retail which has recently undergone significant renovations to seismic, mechanical and electrical systems providing old world charm coupled with a modern infrastructure. An investor can acquire this historic, but like-new building at a significant discount to replacement cost. The high-identity classic revival architecture building sits prominently on the Paseo de San Antonio and S. 1st Street. The ground floor features approximately 8,350 sq ft of retail space currently occupied by Scotts Seafood and San Jose Candy Kitchen. Ornate details true to period of its original 1917 construction can be found throughout the building. While the assets financial performance is stable, NOI optimization can be enhanced through a combination of embedded rent increases coupled with unit modernization upon turnover. The property is not subject to San Joses Apartment Rent Ordinance and is on the Mills Act which provides substantial property tax abatement. San Jose State University, with a growing 36,000+ student body and another 3,700 in employees is a mere four blocks away. WalkScore of 96!

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Information courtesy of Newmark Cornish & Carey is subject to verification and is not guaranteed.
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