Marcus & Millichap Brokers $4.3M Sale Of 10 Unit Multifamily Property In San Jose

The property involved in the transaction is a multifamily asset located at 544 South 6th Street in San Jose, which was sold for $4,300,000. The building comprises 10 two-bedroom units and spans a total square footage of 11,868. The price per unit is $430,000, with a price per square foot of $362. Built in 1969, the property features modern amenities in most units, including in-unit washers and dryers, new wood flooring, stainless steel appliances, updated kitchens, and granite countertops. Additional offerings include on-site parking and storage.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Units: 10
• Square Footage: 11,868
• Price Per Unit: $430,000
• Price Per Square Foot: $362

The transaction was brokered by Marcus & Millichap, with Eymon Binesh, Adam Levin, and Robert Johnston representing the seller throughout the process.