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 | Residential Income |
| Sub-Type | Five or More Units |
| Status | Active |
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 |
| Has Basement | Yes |
| Basement | Basement - Finished |
Exterior
| Roof | Composition Roof |
|---|---|
| Foundation | Concrete Perimeter |
School Information
| Attendance Zone | ABRAHAM LINCOLN HIGH SCHOOL, HOOVER MIDDLE SCHOOL, WASHINGTON ELEMENTARY SCHOOL |
|---|
Additional Information
| Zoning | CN |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Michael Henshaw |
|---|---|
| Office | Marcus & Millichap |
| Office Contact | 650-269-6453 |
