$2,167,500
$2,399,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
S 2nd ST San Jose, CA 95112
4,998 SqFt
Key Details
Sold Price $2,167,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,998 sqft
Price per Sqft $433
MLS Listing ID ML81919603
Sold Date 02/29/24
HOA Y/N No
Year Built 1898
Annual Tax Amount $29,722
Lot Size 10,018 Sqft
Acres 0.23
Property Description
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
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CN
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 5
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 47217055
Financing Other
Special Listing Condition Standard
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Bought with Louis Kwok