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

January 6, 2021

Listed

July 13, 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

Listed by Intero Real Estate Services, Carlos Padilla, James Mcarthur
Listing Contact: 4088876420 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Anita Salas shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Anita Salas are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 12:15 PM UTC, 7/13/2024

 

 

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