San Jose, CA 95112
$8,280,000
Bed
0
Bath
0
Living Space
20,521 SqFt
Year Built
1928
Lot Size
0.33 Acres
Days
170
Marcus & Millichap is pleased to present 555 S. 2nd Street, a 39-unit apartment community located in the heart of Downtown San Jose's vibrant SoFA District. Offered at just $212,000 per unit, the property provides investors with a rare low basis in one of Silicon Valley's most dynamic urban neighborhoods. The asset features 37 studio units, one one-bedroom unit, and a ~900 SF ground-floor commercial storefront, currently vacant. The investment offers strong in-place returns with a 6.93% CAP rate and 8.8 GRM, along with attractive financing options available, creating an opportunity for immediate cash flow in a prime downtown location near San Jose State University, major tech employers, dining, and entertainment. This opportunity presents a rare opportunity to acquire scale in Downtown San Jose at an attractive basis with strong in-place cash flow and long-term upside.
Listing provided courtesy ofEymon Binesh License 02060059 Marcus & Millichap, Jimmy Castellanos License 02024152 Marcus & Millichap
Data provided by MLSListings Inc.
- San Jose Unified School District is the assigned school district. - No elementary school is listed as assigned to this address on GreatSchools.org. - No middle school is listed as assigned to this address on GreatSchools.org. - No high school is listed as assigned to this address on GreatSchools.org.
Within a 1-2 mile radius of the property, several parks are available. These include Cadwallader Park, Bestor Art Park, and Parque De Los Pobladores. Additionally, Kelley Park, a 172-acre regional park, is located nearby on Senter Road. Hellyer County Park, another large park, is also within proximity.
The property is located in San Jose, a city known for its diverse population and vibrant tech industry. The Northside neighborhood, where properties on N 2nd St are located, is characterized by early 20th-century homes and a relaxed, community-oriented atmosphere. This area offers easy commuter access and is close to Downtown San Jose and Japantown's restaurant scene, with many small businesses and local events.
This location has a Walk Score of 87 out of 100, indicating it is "Very Walkable," meaning most errands can be accomplished on foot. The Transit Score is 54 out of 100, signifying "Good Transit" with many nearby public transportation options. Verified transit routes include the 66, 256, Rapid 568, 68, and 25 bus lines, as well as several light rail lines such as the Blue Line Baypointe - Santa Teresa and Green Line Old Ironsides - Winchester.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- San Jose Unified School District is the assigned school district. - No elementary school is listed as assigned to this address on GreatSchools.org. - No middle school is listed as assigned to this address on GreatSchools.org. - No high school is listed as assigned to this address on GreatSchools.org.
Within a 1-2 mile radius of the property, several parks are available. These include Cadwallader Park, Bestor Art Park, and Parque De Los Pobladores. Additionally, Kelley Park, a 172-acre regional park, is located nearby on Senter Road. Hellyer County Park, another large park, is also within proximity.
The property is located in San Jose, a city known for its diverse population and vibrant tech industry. The Northside neighborhood, where properties on N 2nd St are located, is characterized by early 20th-century homes and a relaxed, community-oriented atmosphere. This area offers easy commuter access and is close to Downtown San Jose and Japantown's restaurant scene, with many small businesses and local events.
This location has a Walk Score of 87 out of 100, indicating it is "Very Walkable," meaning most errands can be accomplished on foot. The Transit Score is 54 out of 100, signifying "Good Transit" with many nearby public transportation options. Verified transit routes include the 66, 256, Rapid 568, 68, and 25 bus lines, as well as several light rail lines such as the Blue Line Baypointe - Santa Teresa and Green Line Old Ironsides - Winchester.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
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