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Multifamily

772 S. 2nd Street

772 & 776 S Second St, San Jose, CA 95112

Listing Price: $2,599,000

Cap Rate
4.04%
Number of Units
7
Occupancy
100.0%
Price/Unit
$371,286
Price/Gross SF
$520.01
Gross SF
4,998

Investment Overview

The subject property is a well-maintained six-unit apartment complex and detached four-bedroom/two-bathroom single family home situated in Downtown San Jose. Situated on a 8,625 square foot parcel, and has a gross building area of approximately 4,998 square feet, offering its tenants beautifully designed one-bedroom, two-bedroom, and four-bedroom floor plans. Property consists of a detached four-bedroom/two-bathroom home (1,400 square feet) and a separate six-unit Victorian apartment building with three one-bedroom/one-bathroom, three two-bedroom/one-bathroom units, an Art Studio that can be converted into a one-bedroom/one-bathroom dwelling, and three two-car garages. Additionally, there are three, two-car garages (separate parcel) that are in the process of being rented out to provide additional monthly income.

Investment Highlights

  • Downtown San Jose Location: Less than 1.5 Miles from San Jose State University and Google's New Massive Diridon Station Campus
  • Historically High Occupancy with Good Tenants
  • Well-Maintained Property Situate in a Quiet Residential Neighborhood

Exclusively Listed By

Multifamily

772 S. 2nd Street

Listing Price: $2,599,000

Cap Rate
4.04%
Number of Units
7
Occupancy
100.0%
Price/Unit
$371,286
Price/Gross SF
$520.01
Gross SF
4,998

Investment Highlights

  • Downtown San Jose Location: Less than 1.5 Miles from San Jose State University and Google's New Massive Diridon Station Campus
  • Historically High Occupancy with Good Tenants
  • Well-Maintained Property Situate in a Quiet Residential Neighborhood

Investment Overview

The subject property is a well-maintained six-unit apartment complex and detached four-bedroom/two-bathroom single family home situated in Downtown San Jose. Situated on a 8,625 square foot parcel, and has a gross building area of approximately 4,998 square feet, offering its tenants beautifully designed one-bedroom, two-bedroom, and four-bedroom floor plans. Property consists of a detached four-bedroom/two-bathroom home (1,400 square feet) and a separate six-unit Victorian apartment building with three one-bedroom/one-bathroom, three two-bedroom/one-bathroom units, an Art Studio that can be converted into a one-bedroom/one-bathroom dwelling, and three two-car garages. Additionally, there are three, two-car garages (separate parcel) that are in the process of being rented out to provide additional monthly income.

Exclusively Listed By

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