772 & 776 S 2nd St, SAN JOSE, CA

$2,399,000

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4,998

Square feet

0.23

Acres

About 772 & 776 S 2nd St

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

Features of 772 & 776 S 2nd St

MLS® # ML81919603
Price $2,399,000
Square Footage 4,998
Acres 0.23
Year Built 1898
Type Multi-Residential
Sub-Type Five or More Units
Status Contingent

Community Information

Address 772 & 776 S 2nd St
Area Central San Jose
City SAN JOSE
County Santa Clara
State CA
Zip Code 95112

Amenities

Utilities Individual Electric Meters, Individual Gas Meters
Parking Spaces 5
Is Waterfront No

Interior

Heating Wall Furnace
Cooling Ceiling Fan
Fireplace No

Exterior

Roof Composition Roof
Foundation Concrete Perimeter

Additional Information

Zoning CN
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentMichael Henshaw
OfficeMarcus & Millichap
Contact Info650-269-6453

Listing Map

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