20,521 sqft
$9,600,000
555-569 S 2nd Street, San Jose CA, 95112
Price per sqft$467.81
Built in1928
Property size20,521 sqft
Property typeCommercial
Overview
Sold
Listed Jan 6, 2021
Updated Jun 27
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.
Additional information
- MLS® ID
- ML81824753
Interior Features
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.33 Acres
Listed by Carlos Padilla, Jim Mcarthur with Intero Real Estate Services
Listing Contact: 408-887-6420
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