530 N 2nd St, San Jose, CA 95112

Listing agent David Propach License #CA 01926166

Listing office But Simple, Inc.

Listing date Jun 10, 2023

Source Crexi

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

San Jose

County

Santa Clara

State

California

Longitude

-121.8961361

Latitude

37.3461494

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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.