$11,000,000
555 S 2nd Street, San Jose, CA 95112
0 Beds
0 Baths
20,521 sqft

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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. 15 units extensively renovated with new kitchen cabinets and countertops, new carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Stabilized GRM/Cap Rate: 14.55 / 4.73%. 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.
  • Price:
  • $11,000,000
  • Square Footage:
  • 20,521
  • Acreage:
  • 0.33
  • Year Built:
  • 1928
  • Listing ID #:
  • ML81824753
  • Street Address:
  • 555 S 2nd Street
  • City:
  • San Jose
  • State:
  • California
  • Postal Code:
  • 95112
  • County:
  • Santa Clara
  • Community:
  • All Other Counties/States
  • Listing Status:
  • Active
  • Age Of Dwelling:
  • 93
  • Flooring:
  • Tile
  • Total Building Square Footage:
  • 20521
  • Type Of Roof:
  • Composition Shingles
  • Year Built:
  • 1928
  • Annual Income:
  • 678756
  • Annual Utility Expenses:
  • 12664
  • Expenses:
  • Trash Removal, Water
  • Net Operating Income:
  • 447937
  • Conforms To Zoning:
  • DC
  • Lot Square Footage:
  • 14474
  • For Sale Or Lease?:
  • For Sale
  • Property Taxes:
  • $128,150
  • Tenant Pays:
  • Electric
  • Heating:
  • Gas, Wall Furnace
  • Sewage Type:
  • Sewer System - Public, Water - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Carlos Padilla of Intero Real Estate Services (CA DRE#: 01342889)
  • BAYEAST

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