SOLD
$2,167,500
Date 02/29/2024

S 2nd Street
San Jose, CA 95112

Business Opportunities
Residence
4,998
Sqft
0.23
Lot Size
Listing Agent: Michael Henshaw CalDRE: 01134592 - Marcus & Millichap

Description for S 2nd Street San Jose, CA 95112

Located in a quiet part of Downtown San Jose, the subject property offers well maintained one-bedroom, two-bedroom, and four-bedroom floor plans. It consists of a detached four-bedroom/two-bathroom home (est. 1,400 square feet, currently rented as an Airbnb), a separate six-unit Victorian apartment building with three one-bedroom/one-bathroom and three two-bedroom/one bathroom units, a basement Art Studio (potential ADU conversion), and three two-car garages. The three, two-car garages (on a separate parcel) are currently rented out at $275 per month (estimated to be below market) as storage units, providing ownership with additional monthly income. A new owner could also rent out the Art Studio and several storage units located in the basement, further increasing the property's monthly cash flow and value. Both buildings have been renovated from 2019 to 2023. SELLER FINANCING 85% LTV

Property Details

ML81919603
Business Opportunities, Other
Santa Clara
1898
0.23 Acres
Public
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Listing Agent: Michael Henshaw CalDRE: 01134592 - Marcus & Millichap
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