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48 Lester Ave
San Jose, CA 95125
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Investors have the opportunity to acquire a turn-key multifamily asset in one of the most dynamic and desirable locations in the South Bay
- 48 Lester Ave offers renters beautifully designed three- bedroom, two-bedroom, and one-bedroom floor plans
- 48 Lester Ave rests just 1.5 miles from Downtown San Jose, home to San Jose State University, and a myriad of fine dining, shopping, and entertainment
- Current loan terms are set to an extremely attractive 3.20% interest rate remaining interest only through November 2023
- The property is within walking distance to Downtown Willow Glen, a historic district that houses an abundance of popular restaurants, and retail shops
- The subject property offers tenants and residents convenient access to I-280 and other major transportation routes
Property Facts
| No. Units | 9 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 6,870 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Zoning | MUN - Mixed Use Neighborhood | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 6,870 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1/1,000 SF |
| Zoning | MUN - Mixed Use Neighborhood |
Amenities
Unit Amenities
- Storage Space
- Basement
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 3 | - | - |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 264-57-068 | Improvements Assessment | $1,575,893 |
| Land Assessment | $1,862,420 | Total Assessment | $3,438,313 |
Property Taxes
Parcel Number
264-57-068
Land Assessment
$1,862,420
Improvements Assessment
$1,575,893
Total Assessment
$3,438,313
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