Properties

Comm Ri Multi-units 5+ For Sale

20,521 Sqft - 555-569 2nd Street, SAN JOSE, California 95112

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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.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81824753
Price : $10,500,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 20,521 Sqft
Year Built : 1928
Lot Area : 0.33 Sqft
Features
Heating System : Gas, Wall Furnace
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Clara
City : SAN JOSE
Zipcode : 95112
Street : 2nd Street
Street Number : 555-569
Floor Number : 0
Longitude : W122° 6' 59.3''
Latitude : N37° 19' 40.8''
MLS Addon
Office Name : Intero Real Estate Services
Building Type : Other
Area : Central San Jose
Address : 555-569 S 2nd Street
Cross Street : William Street
Address Direction : S
LA1User Code : MLL148400
LA1Agent First Name : Carlos
LA1Agent Last Name : Padilla
Status Category : Active
Tot # Parking Spaces : 0
Tot # of Units : 39
Zoning : DC
List $/SqFt : $0
Age : 93
Apx Lot Sq Ft : 14,474 Sqft
Type of Building : Apt Complex
Annual Taxes : $122,325
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
FLOORING : Tile
OPERATING EXPENSES : Trash Removal, Water
SOME UNITS HAVE : Updated Baths, Updated Kitchen
TENANT PAYS : Electric
WATER/SEWER : Water - Public, Sewer System - Public
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.07
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $11,000,000
Sold Price : $0
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 650976
Net Oper Income : 427839
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 15868
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 16.13
List Agent DRE Num. : 01342889
Filtered Address : 555-569 S 2nd ST
Branded Media Link : http://www.555-569s2ndstsanjose.com
LA1Agent License ID : 01342889
LA1Old Agent ID : 14256
LA1NRDS_ID : 198010076
LA2Agent First Name : Jim
LA2Agent Last Name : Mcarthur
LA2User Code : MLL494880
LA2Old Agent ID : 278994
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 472-26-072
Showing : See Confidential Remarks
LO2Office Name : Intero Real Estate Services
LO1Main Office ID : 71103
LO1Board ID : 0
LO2Office Identifier : 68176
LO2Main Office ID : 303252
SO1Office Identifier : 0
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 10500000
Address Search Number : 555
Listing Agent : 237806
Listing Office : 71103
Co-List Agent : 275272
Listing Office 2 : 68176
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 37
Input Date : 06/01/2021 00:00:00
Update Date : 28/10/2021 10:03:11
PhotoTimestamp : 28/10/2021 10:43:37
First Photo Add Timestamp :
List Date : 06/01/2021
Expire Date :
Pending Date :
Closing Date :
Status Date : 27/10/2021
Price Date :
Off Market Date :
Status : Active
Dual Variable : Yes
HOA : No
City Transfer Tax : Yes
Off Market Status Date : 27/10/2021
LVT Date :
DOMLS : 296
Cumulative DOMLS : 296
Unit # 1 Approx. SqFt: 500
Unit # 1 Rent: 1295
Unit # 2 # of Bedrooms: 1
Unit # 2 Approx. SqFt: 650
Unit # 2 Rent: 2095
Unit # 3 Approx. SqFt: 700
Unit # 3 Rent: 1100
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81824753
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 20,521 Sqft
$10,500,000
Agent info
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