$ 2,250,000
694 S 2nd ST San Jose, CA 95112
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$ 2,250,000
Est. payment | /mo
8,637 Sqft Lot
$ 2,250,000
Est. payment | /mo
8,637 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81984079
HOA Y/N No
Year Built 1895
Annual Tax Amount $26,224
Lot Size 8,637 Sqft
Property Description
Two Newly Vacant Units! Holding Vacant For Sale. 694 S 2nd St (the Property) is a two-story multifamily asset built in 1895, situated on a 0.20 acre lot in the heart of the Sofa District and compromised of eleven (11) studio units. Eight (8) of the units have been fully renovated with new kitchen cabinets, laminate wood style flooring, upgraded lighting, new bathrooms, and fresh paint It features coin-operated laundry, dual-pane windows, carports, parking spaces, a common yard, and more.. Earthquake retrofitting has been done. Electric wiring and plumbing have been upgraded. Offered at a very attractive 5.47% cap rate, the property is the lowest barrier to entry in San Jose.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CN
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 8
Schools
School District San Jose Unified
Others
Tax ID 47226088
Special Listing Condition Standard
Listed by Jefrey Henderson • Jefrey Henderson, Broker
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692