555 S 2nd St

San Jose, CA, 95112

$11,000,000

$536 per ft²
$11,000,000
$536 per ft²
Under Contract
Under Contract
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. 15 units extensively renovated with new kitchen cabinets and countertops, new carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Stabilized GRM/Cap Rate: 14.55 / 4.73%. 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:
1/6/21
Updated:
4/18/21

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
Attached Garage
Yes
Parking
Carport, Off-Street Parking, Varies by Unit
County
Santa Clara
Utilities
Individual Electric Meters, Individual Gas Meters
Water Source
Public
Zoning
DC

Property History

Date
Event
Price
Value
3/11/21
Under Contract
-
-

 

Courtesy of Carlos Padilla, Intero Real Estate Services

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Own Sweet Home Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Own Sweet Home Team are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

©2021 MLS Listing, Inc. All rights reserved.

Data last updated 11:40 AM UTC, 4/18/21

 

Contact Agent