767 S 2nd ST, San Jose, CA 95112
767 S 2nd ST, San Jose, CA 95112
767 S 2nd ST, San Jose, CA 95112
767 S 2nd ST, San Jose, CA 95112
767 S 2nd ST, San Jose, CA 95112
767 S 2nd ST, San Jose, CA 95112
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Scott D. Comstock

Scott D. Comstock

+1(559) 681-9500
Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$ 1,590,000
Est. payment | /mo

1 Bed

1 Bath

2,726 SqFt

Save
$ 1,590,000
Est. payment | /mo
Save

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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NEARBY SCHOOLS & PROPERTIES

Scott D. Comstock

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 681-9500

scott@homesandwealth.com

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767 S 2nd ST