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Address
555-569 S 2nd ST San Jose, CA
Price
$ 10,500,000
Property Attributes
  • MLS#ML81824753
  • TypeMulti-Family
  • CountySANTA CLARA
  • CitySan Jose
  • AreaCentral San Jose
  • Zip95112
  • Style
  • Price$ 10,500,000
  • Bedrooms1
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage20521
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
Carlos Padilla with Intero Real Estate Services.
Data Source:
MLSListings - 40 - CA
Property Description

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.

Price History
1/6/2021 Listed $11,000,000
10/27/2021 5% - $10,500,000

General Features

# of Buildings 2
Accessibility Parking
Additional Rooms Storage
Age 93
Amenities Misc. High Ceiling, Security Gate, Walk-in Closet
Association Amenities Community Security Gate
City SAN JOSE
City Limits (y/n) Yes
Co-Listing Agent Last Name Jim
Co-Listing Agent Last Name Mcarthur
Co-Listing Agent State License # 01766468
Complex Name Text Metro Walk
Cooling None
County Santa Clara
Flooring Carpet, Tile, Vinyl / Linoleum
Heating Gas, Wall Furnace
Incorporated Y/n Yes
Listing Agent State License 01342889
MLS Area Central San Jose
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions Pets - Allowed
Roof Composition
Security Features Fire Alarm, Secured Garage / Parking
Special Listing Conditions Not Applicable
Status Active
Utilities Individual Electric Meters, Individual Gas Meters
Virtual Tour http://www.555-569s2ndstsanjose.com
Virtual Tour http://www.555-569s2ndstsanjose.com
Water Public
Year Built 1928
Zoning Text DC

Interior Features

Kitchen Hood Over Range, Oven Range - Gas, Refrigerator
Living Sqft 20521
Unit 1 Rent 1295
Unit 2 Approx Square Footage 650
Unit 2 Number Of Bedrooms 1
Unit 3 Approx Square Footage 700

Exterior Features

Building Area Total 20521
Foundation Details Concrete Perimeter
Lot Acres 0.3323
Lot Size Area 14474.00
Lot Size Units Square Feet
Maximum Lot Size 14474.00
Meters Master Water, Separate Common Area, Separate Electric, Separate Gas
Parking Features Carport, Off-Street Parking, Varies by Unit
Sewer/Septic Sewer - Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 95112

Price
AVG $3.84M
$10.5M
Visits
AVG 58
187
Year Built
AVG 1929
1928
Walkscore
AVG 87
93
Data Provided by Walkscore ® not using MLS data

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