530 N 2nd St San Jose, CA 95112
Turnkey 7-unit property in vibrant Japantown with value-add potential.
Type:Multifamily
Property size:
4,088 SFPrice / SF:
$550/SF- Added:
- Jun 10, 2023
- Days on Market:
- 1052
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 530 N 2nd St
General Information
- Standard status
- Active
- Size
- 4,088 SF
- Property subtype
- Multifamily
Listing agent David Propach License #CA 01926166
Listing office But Simple, Inc.
Listing date Jun 10, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of But Simple, Inc.
Overview
Japantown Multifamily Investment Opportunity
This is a 7-unit multifamily property centrally located in Japantown. The property is a turnkey asset with a history of low vacancy. It features off-street parking and 8 rentable storage units. The property includes a 5-unit front building with a common laundry room and 8 storage units below. The front building had a new roof installed in 2005 and a new water heater in 2019. Commercial-grade vinyl plank flooring was installed in 3 units in 2023, and some units have dual-pane windows and LED lighting. The duplex building behind the front building contains two 2-bed/1-bath units and had a new roof installed in 2019. Some units have newer carpets and paint. There is an attractive shaded yard between the buildings with tables and seating. The property has lush landscaping and authentic 1898 Victorian character with spacious interiors, soaring windows, and decorative details. The property contains 4,088 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.8961361
- Latitude
- 37.3461494
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turnkey 7-unit property in vibrant Japantown with value-add potential.
Where is this apartment building located?
The property is located at 530 N 2nd St San Jose, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Turnkey asset with proven excellent low vacancy operating history, providing immediate cash flow.; Prime location in vibrant Japantown.; Abundant off‑street parking and 8 rentable storage units for bonus income.
