694 S 2nd ST Active

San Jose,CA 95112

$ 2250000

- Bed

0 Bath

3861 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,861 sqft

Price per Sqft $582

MLS Listing ID ML81984079

Year Built 1895

Annual Tax Amount $26,224

Lot Size 8,637 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 699 - Not Defined

Zoning CN

Interior

Heating Central

Cooling Central Air

Exterior

Roof Type Flat

Schools

School District San Jose Unified

Others

Special Listing Condition Standard

View More
Favorite Go Tour