Sold
555-569 S 2nd ST
SAN JOSE CA, 95112
$9,600,000
$467.81 per sqft
Sold
20,521 sqft
Multi-family
Built in 1928
Listed by Intero Real Estate Services, Carlos Padilla, James Mcarthur Listing Contact: 4088876420
Metro Walk offers an opportunity to acquire an excellent income property with a 38-unit apartment complex plus 1 retail store in a dynamic rental location that can be redeveloped potentially in the future. Exterior renovation includes dual pane windows, exterior paint, and lights. 24 units extensively updated most with new kitchen cabinets, countertops, carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Market GRM/Cap Rate: 13.12 / 5.3%. New laundry room in process for additional income. Outstanding rental location blocks from future Google campus, San Jose State, Diridon Station, San Jose International Airport and future BART station. Strategically located in a designated Opportunity Zone in the vibrant SoFA district of Downtown San Jose.
ML81824753
MLSⓇ ID
February 5, 2022
Listed
May 9, 2024
Updated
Map
555-569 S 2nd ST
SAN JOSE CA, 95112
Interior Features
Interior Features
Tile
Appliances
Refrigerator, Oven, Range
Floor Description
Tile
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.33 Acres
Roof
Composition
Sewer
Public Sewer
School Information
School District
482
High School
Abraham Lincoln High
Elementary School
Gardner Elementary
Other Property Details
Area Name
Central San Jose
Association Amenities
Gated
Garage
No
Parking
Off Street
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
DC
Buyer Agency Compensation
1.5%
Listed by Intero Real Estate Services, Carlos Padilla, James Mcarthur
Listing Contact: 4088876420
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Data last updated 4:51 AM UTC, 5/9/2024