San Jose, CA 95112,S 2nd ST
San Jose, CA 95112,S 2nd ST
San Jose, CA 95112,S 2nd ST
San Jose, CA 95112,S 2nd ST
San Jose, CA 95112,S 2nd ST
San Jose, CA 95112,S 2nd ST
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$2,167,500

$2,399,000

9.6%
Est.Price: ?

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Est. payment /mo

10,018 Sqft Lot


SOLD DATE : 02/29/2024

Key Details

Sold Price $2,167,500

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

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

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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California Regional MLS (CRMLS)
Listed by Michael Henshaw • Marcus & Millichap
Bought with Louis Kwok
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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