Investment Overview

Well-located in the heart of Downtown San Jose, 767 S 2nd Street is a well-maintained 5-unit multifamily asset consisting of all 1-bedroom/1-bathroom units totaling approximately 2,726 square feet on a 0.15-acre lot. Built in 1940 and currently 100% occupied, the property offers strong in-place income with a gross potential rent of $153,000 and an attractive current cap rate of 5.77%, while still presenting rental upside with units trending approximately 5% below market. The asset also includes five parking spaces and benefits from individually metered electricity and gas, enhancing operational efficiency. Situated in the highly desirable Spartan-Keyes neighborhood near San Jose State University and major Silicon Valley employment hubs, the property enjoys convenient access to transit, retail, and dining, driving consistent tenant demand. Offered at $1,590,000 ($318,000 per unit), this is a turnkey investment opportunity in one of Northern California’s most resilient and high-growth rental markets.