This Multifamily Property is no longer advertised on LoopNet.com.
772-776 S 2nd St
San Jose, CA 95112
Seller Financing (85% LTV) · Multifamily Property For Sale · 7 Units
![772-776 S 2nd St, San Jose, CA for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/EE2MJLJ5kWzJ1DcShSgOPBFpTiaitnjGYtnxWF30k0U/110/772-776-S-2nd-St-San-Jose-CA-Building-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Seller Financing: Up to 85% LTV for 36 MONTHS
- Value-Add Opportunity: increase cash flow by raising rents on the garage spaces and renting out the storage units + basement studio
- Potential low-down payment of just $359,850
- Strong Airbnb Rental Market: $8,300 average monthly income in June, July and August of 2022
PROPERTY FACTS
No. Units | 7 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.20 AC |
Building Size | 4,998 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built/Renovated | 1898/2023 |
Parking Ratio | 1.6/1,000 SF |
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 3 | - | - |
2+1 | 3 | - | - |
4+2 | 1 | - | - |
PROPERTY TAXES
Parcel Number | 472-17-055 | Improvements Assessment | $670,125 |
Land Assessment | $1,200,087 | Total Assessment | $1,870,212 |
ZONING
Zoning Code | MUN (Mixed Use Neighborhood) |
Learn More About Investing in Apartment Buildings
Listing ID: 27762189
Date on Market: 2/15/2023
Last Updated:
Address: 772-776 S 2nd St, San Jose, CA 95112
The East San Jose-Willow Glen Multifamily Property at 772-776 S 2nd St, San Jose, CA 95112 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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