Home | Santa Clara County | San Jose | 95112 | 555 S 2nd St
555 S 2nd St, San Jose, CA 95112
MLS: ML82038519 | Status: | Price: $8,280,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
20,521 |
14,474 |
1928 |
Marcus & Millichap is pleased to present 555 S. 2nd Street, a 39-unit apartment community located in the heart of Downtown San Jose's vibrant SoFA District. Offered at just $212,000 per unit, the property provides investors with a rare low basis in one of Silicon Valley's most dynamic urban neighborhoods.
The asset features 37 studio units, one one-bedroom unit, and a ~900 SF ground-floor commercial storefront, currently vacant. The investment offers strong in-place returns with a 6.93% CAP rate and 8.8 GRM, along with attractive financing options available, creating an opportunity for immediate cash flow in a prime downtown location near San Jose State University, major tech employers, dining, and entertainment. This opportunity presents a rare opportunity to acquire scale in Downtown San Jose at an attractive basis with strong in-place cash flow and long-term upside.
| Field |
Value |
| MLS # |
ML82038519 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
40 |
Features
Interior Features
| Feature |
Details |
| Laundry |
Coin Operated |
| Cooling |
None |
| Heating |
Gas |
Exterior Features
| Feature |
Details |
| Roof |
Rolled/Hot Mop |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Covered Parking, Off-Street Parking, Garage: 0 Car(s) |
| Elementary District |
San Jose Unified |
| High School District |
San Jose Unified |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
DC |
| Listing Agent |
Co-Listing Agent |
| Eymon Binesh |
Jimmy Castellanos |
| Marcus & Millichap |
|
| License #: 02060059 |
License #: 02024152 |
| Phone: (650) 546-1030 |
Phone: (408) 483-5040 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 2 |
32 |
39 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
500 |
0 |
1/0 |
$1,654 |
$2,600 |
37 |
| 2 |
600 |
1 |
1/0 |
$2,350 |
$2,350 |
1 |
| 3 |
900 |
– |
0/0 |
$900 |
$900 |
1 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Nearby Homes
Disclosures
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This listing information is up-to-date as of March 20, 2026. For the most current information, please contact Eymon Binesh, (650) 546-1030.