555 2nd Street

Japantown, San Jose, CA 95112

$11,000,000
Commercial / Office

AGENTS

Douglas Elliman
Douglas Elliman
Source of Data:
MLS Listings
MLS Listings

Property Description

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Metro Walk offers an opportunity to acquire an excellent income property with a 38-unit apartment complex plus 1 retail store in a dynamic rental location that can be redeveloped potentially in the future. Exterior renovation includes dual pane windows, exterior paint, and lights. 15 units extensively renovated with new kitchen cabinets and countertops, new carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Stabilized GRM/Cap Rate: 14.55 / 4.73%. New laundry room in process for additional income. Outstanding rental location blocks from future Google campus, San Jose State, Diridon Station, San Jose International Airport and future BART station. Strategically located in a designated Opportunity Zone in the vibrant SoFA district of Downtown San Jose.
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PROPERTY DETAILS

  • Interior
    20,521 Sq Ft.
  • Exterior
    .33 Acres
  • Property Type
    Commercial / Office
  • Year Built
    1928
  • MLS/Listing ID
    ML81824753
  • Days On Market
    161

Amenities

  • Terrace
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Listing Courtesy of Intero Real Estate Services

LOCATION

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TRAVEL TIMEFROMJapantown
TYPE OF TRANSPORTATION