694 South 2nd Street

San Jose, CA 95112

$2,250,000
Price
Beds
3,861 Sq. Ft.
$583 / Sq. Ft.
3,861
Sq. Ft.
$583
per Sq. Ft.

Description

Two Newly Vacant Units! Holding Vacant For Sale. 694 S 2nd St (the Property) is a two-story multifamily asset built in 1895, situated on a 0.20 acre lot in the heart of the Sofa District and compromised of eleven (11) studio units. Eight (8) of the units have been fully renovated with new kitchen cabinets, laminate wood style flooring, upgraded lighting, new bathrooms, and fresh paint It features coin-operated laundry, dual-pane windows, carports, parking spaces, a common yard, and more.. Earthquake...Two Newly Vacant Units! Holding Vacant For Sale. 694 S 2nd St (the Property) is a two-story multifamily asset built in 1895, situated on a 0.20 acre lot in the heart of the Sofa District and compromised of eleven (11) studio units. Eight (8) of the units have been fully renovated with new kitchen cabinets, laminate wood style flooring, upgraded lighting, new bathrooms, and fresh paint It features coin-operated laundry, dual-pane windows, carports, parking spaces, a common yard, and more.. Earthquake retrofitting has been done. Electric wiring and plumbing have been upgraded. Offered at a very attractive 5.47% cap rate, the property is the lowest barrier to entry in San Jose.
  1. Listed by Jefrey Henderson • DRE #01483399 • Brokerage DRE #01483399 • Jefrey Henderson, Broker • 415-535-7414

Property Details for 694 South 2nd Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
8
LISTING UPDATED: 10/23/2024 12:20 AM

Property Details for 694 South 2nd Street

StatusActive
MLS #ML81984079
Days on Compass5
Taxes$26,224 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1895
Lot Size0.20 AC / 8,638 SF
CountySanta Clara County

Building Information for 694 South 2nd Street

Stories-Residences-Year Built1895Building Size-Lot Size0.20 AC / 8,638 SF

Property Information for 694 South 2nd Street

Features
Features
  • Fireplace: No
  • Living SqFt: 3861
  • Pool: No
  • Security Features: Security Fence
  • Special Features: None
Utilities
  • Cooling: Central AC
  • Heating: Central Forced Air
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Existing Septic
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 11
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 694
  • Street Name: 2nd
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3861
  • Structure SqFt Source: Assessor
  • Age: 129
Development Information
  • Zoning Detail: CN
Location Information
  • Parcel Number: 472-26-088
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95112
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Block
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 9
General Information
  • Annual Tax Amount: $26,224
  • Capitalization Rate: 5.47
  • Tenant Expenses: None
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,500
  • Expense Landscape: $1,200
  • Expense Maintenance: $9,000
  • Expense Management: $9,894
  • Expense Trash: $3,200
  • Expenses Other: $0
  • Expenses Utility: $20,920
  • Expenses Total: $75,938
  • Operating Expenses Include: Maintenance, Utilities
  • Gross Rent Multiplier: 10.97
  • Income Annual Gross: $198,950
  • Income Annual Rental: $204,006
  • Income Gross Scheduled: $205,103
  • Income Other: $1,097
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,495
Unit Type 1
  • Unit Type1 Approx SqFt: 300

Property History for 694 South 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 694 South 2nd Street

Taxable ValueLand$1,218,612Additions$667,333Total$1,885,945
Tax Record2023$24,378 ($2,032 / month)
Home Facts
Total Finished SqFt3,861 SqFtAbove Grade Finished SqFt3,861 SqFtStories2Lot Size8,638 SqFtStyleSchoolYear Built1895Year Renovated1920ZoningCNCountySANTA CLARAAPN472-26-088

Schools near 694 South 2nd Street

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Gardner Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Downtown College Preparatory Middle
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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694 South 2nd Street is for sale in San Jose, CA 95112. This property was listed for sale on October 17, 2024 by Jefrey Henderson, Broker, it's currently listed at $2,250,000. It has been on the market for a total of 5 days and was last sold on March 18, 2016. This listing's school district is San Jose Unified School District. Nearby schools include Gardner Elementary School, Herbert Hoover Middle School and Abraham Lincoln High School. 694 South 2nd Street is a 0-bed, 0-bath, 3,861 sqft built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jefrey Henderson, Broker, Jefrey Henderson, DRE #01483399

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.