694 South 2nd Street

San Jose, CA 95112

$2,295,000
Price
Beds
3,861 Sq. Ft.
$594 / Sq. Ft.
3,861
Sq. Ft.
$594
per Sq. Ft.

Description

Priced to Sell! $150k Price Improvement! Beautiful Victorian bed and breakfast converted to 11 spacious studios is located in the Martha Gardens Art District. The building's interior features a secured push button entry with double doors, beautiful stained glass windows, 9 ft ceilings, a communal kitchen, coin operated laundry, and a beautiful staircase. All units include fully or partially remodeled kitchenettes, bathrooms, and wood laminate flooring. The building has undergone significant capital...Priced to Sell! $150k Price Improvement! Beautiful Victorian bed and breakfast converted to 11 spacious studios is located in the Martha Gardens Art District. The building's interior features a secured push button entry with double doors, beautiful stained glass windows, 9 ft ceilings, a communal kitchen, coin operated laundry, and a beautiful staircase. All units include fully or partially remodeled kitchenettes, bathrooms, and wood laminate flooring. The building has undergone significant capital improvements to modernize the building's infrastructure to include new electrical panels, fire sprinkler system, renovated balconies, and seismic earthquake retrofitting. The interior of the building was just renovated with fresh paint and new carpet. The building has a large basement with a utility room and could include a potential 12th unit in the 1300+ sq ft attic with balcony. 7 Parking spaces accessible from Margaret. The building is located near the SoFA District with easy access to downtown San Jose as well as 280, 87, and Almaden Expressway.
  1. Listed by John Adams • DRE #01512831 • Brokerage DRE #01512831 • Presidential Real Estate • 408-829-8155

Property Details for 694 South 2nd Street

MLS City Name
SAN JOSE
Building Type
Other
Style
Victorian
Garage Spaces
0
Parking Spaces
7

Location

Listing Courtesy of Presidential Real Estate, John Adams, DRE #01512831
Add your commute
LISTING UPDATED: 04/12/2024 05:34 PM

Property Details for 694 South 2nd Street

StatusActive
MLS #ML81959422
Days on Compass32
Taxes$29,428 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1895
Lot Size0.20 AC / 8,712 SF
CountySanta Clara County

Location

Listing Courtesy of Presidential Real Estate, John Adams, DRE #01512831
Add your commute

Building Information for 694 South 2nd Street

Stories-Residences-Year Built1895Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$14,977 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,525

Property Taxes

$2,452

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 694 South 2nd Street

Features
Features
  • Amenities: High Ceiling, Security Gate
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Laundry: Coin Operated
  • Living SqFt: 3861
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Forced Air
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Off-Street Parking
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: Composition
  • 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
  • Ownership Type: Trust
  • Zoning Detail: MUN
Location Information
  • City Limits: Yes
  • Directions: Property is located on the corner of 2nd and Margaret
  • Incorporated: Yes
  • 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: Other
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 11
General Information
  • Annual Tax Amount: $29,428
  • Capitalization Rate: 5.37
  • Tenant Expenses: None
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,610
  • Expense Landscape: $1,200
  • Expense Maintenance: $5,070
  • Expense Management: $10,140
  • Expense Trash: $3,300
  • Expenses Other: $1,500
  • Expenses Utility: $18,300
  • Expenses Total: $73,548
  • Operating Expenses Include: Insurance, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 11.32
  • Income Annual Gross: $194,970
  • Income Annual Rental: $201,000
  • Income Gross Scheduled: $202,800
  • Income Other: $1,800
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Rent: $1,450
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$1,194,718Additions$654,249Total$1,848,967
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

694 South 2nd Street is a multi-family home for sale in San Jose, CA 95112. This property was listed for sale on March 29, 2024 by Presidential Real Estate, it's currently listed at $2,295,000. It has been on the market for a total of 32 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 multi-family home 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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Presidential Real Estate, John Adams, DRE #01512831

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.