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Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$ 1,590,000
Est. payment | /mo
1 Bed
1 Bath
2,726 SqFt
$ 1,590,000
Est. payment | /mo
1 Bed
1 Bath
2,726 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,726 sqft
Price per Sqft $583
MLS Listing ID ML82046850
Bedrooms 1
Full Baths 1
Year Built 1940
Lot Size 6,625 Sqft
Property Sub-Type Five or More Units
Property Description
767 S 2nd Street is a well-maintained 5-unit multifamily asset consisting of all 1-bedroom/1-bathroom units on an oversized 0.15-acre lot. Built in 1940 and currently 100% occupied, the property offers strong in-place income with a gross potential rent of $153,000 and an attractive current cap rate of 5.77%. The asset recently underwent a fire and has been completely rebuilt with permits. Recent capital improvements include brand new electrical systems, dual pane windows, and high end interior & exterior finishes. Other notable highlights include five assigned parking spaces and individually metered electricity and gas. Situated in the highly desirable Spartan-Keyes neighborhood near San Jose State University and major Silicon Valley employment hubs, the property enjoys convenient access to transit, retail, and dining, driving consistent tenant demand. This is a turnkey investment opportunity in one of Northern California's most resilient and high-growth rental markets.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning C2
Interior
Heating Gas
Cooling None
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Rolled Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 472-17-027
Security Features None
Special Listing Condition Not Applicable
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John Faylor
Realtor | Lic# 1065896