555-569 S 2nd ST

San Jose, CA, 95112

$10,500,000

$511 per ft²
$10,500,000
$511 per ft²
Active
Active
 - For Sale
carpenters-square
20,521 ft²
property_type
Multi-family
calendar
Built 1928
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.
MLS ID:
ML81824753
Listed:
1/5/21
Updated:
5/16/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Carpet, Tile, Vinyl / Linoleum
Cooling
None

Exterior/Building Features

Lot Size
0.33 acres lot
Roof
Composition
Sewer
Sewer - Public

School Information

School District
San Jose Unified
High School
Abraham Lincoln High
Middle/Jr High
Herbert Hoover Middle
Elementary School
Gardner Elementary

Other Property Details

Area Name
Central San Jose
Taxes
$122325
Tax Frequency
per YEAR
HOA Amenities
Community Security Gate
Attached Garage
Yes
Parking
Carport, Off-Street Parking, Varies by Unit
View
N
County
Santa Clara
Utilities
Individual Electric Meters, Individual Gas Meters
Water Source
Public
Zoning
DC

Property History

Date
Event
Price
Value
10/27/21
Active
-
-
10/27/21
Price Change
$10,500,000
-4%
3/11/21
Under Contract
-
-
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