$ 2,250,000
694 S 2nd ST San Jose, CA 95112
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$ 2,250,000
Est. payment | /mo
1 Bed
1 Bath
3,861 SqFt
$ 2,250,000
Est. payment | /mo
1 Bed
1 Bath
3,861 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,861 sqft
Price per Sqft $582
MLS Listing ID ML81984079
Bedrooms 1
Full Baths 1
Year Built 1895
Lot Size 8,638 Sqft
Property Description
Two Newly Vacant Units! Holding Vacant For Sale. 694 S 2nd St (the Property) is a two-story multifamily asset built in 1895, situated on a 0.20 acre lot in the heart of the Sofa District and compromised of eleven (11) studio units. Eight (8) of the units have been fully renovated with new kitchen cabinets, laminate wood style flooring, upgraded lighting, new bathrooms, and fresh paint It features coin-operated laundry, dual-pane windows, carports, parking spaces, a common yard, and more.. Earthquake retrofitting has been done. Electric wiring and plumbing have been upgraded. Offered at a very attractive 5.47% cap rate, the property is the lowest barrier to entry in San Jose.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning CN
Interior
Heating Central Forced Air
Cooling Central AC
Exterior
Garage Assigned Spaces
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Block
Sewer Existing Septic
Water Individual Water Meter
Others
Restrictions None
Tax ID 472-26-088
Security Features Security Fence
Special Listing Condition Not Applicable
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Listed by Jefrey Henderson • Jefrey Henderson, Broker