772-776 South Second Street

San Jose, CA 95112

$2,167,500
Last Sold Price
Beds
4,998 Sq. Ft.
$434 / Sq. Ft.
4,998
Sq. Ft.
$434
per Sq. Ft.

Description

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...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
  1. Listed by Michael Henshaw • DRE #01134592 • Brokerage DRE #01240999 • Marcus & Millichap • 650-269-6453

Property Details for 772-776 South Second Street

MLS City Name
SAN JOSE
Building Type
Other
Style
Victorian
Garage Spaces
3
Parking Spaces
5
Cross Street
Virginia Street

Location

Listing Courtesy of Marcus & Millichap, Michael Henshaw, DRE #01134592

Sold By Kidder Mathews, Louis Kwok, DRE #01980615

Add your commute
LISTING UPDATED: 03/01/2024 12:31 PM

Property Details for 772-776 South Second Street

StatusSold
MLS #ML81919603
Days on Compass1
Taxes$29,722 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1898
Lot Size0.23 AC / 10,018 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Michael Henshaw, DRE #01134592

Sold By Kidder Mathews, Louis Kwok, DRE #01980615

Add your commute

Building Information for 772-776 South Second Street

Stories-Residences-Year Built1898Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$14,306 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,829

Property Taxes

$2,477

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 772-776 South Second Street

Features
Room Information
  • Additional Rooms: Basement - Finished, Storage
  • Basement: Finished
  • Kitchen: Countertop - Tile
Features
  • Fireplace: No
  • Flooring: Carpet, Concrete, Hardwood, Laminate, Tile
  • Laundry: Washer / Dryer
  • Living SqFt: 4998
  • Pool: No
  • Security Features: Secured Garage / Parking
  • Special Features: Parking
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Septic Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, Detached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 7
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Composition
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 772 & 776
  • Street Name: 2nd
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 4998
  • Structure SqFt Source: Other
  • Age: 125
Development Information
  • Ownership Type: Corporation
  • Zoning Detail: CN
Location Information
  • City Limits: Yes
  • Parcel Number: 472-17-055
  • 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 Perimeter
  • Lot Acres: .23
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 7
General Information
  • Annual Tax Amount: $29,722
  • Capitalization Rate: 5.60
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents, Storage Area
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,108
  • Expense Landscape: $390
  • Expense Maintenance: $5,975
  • Expense Management: $1,200
  • Expense Trash: $3,060
  • Expenses Other: $5,463
  • Expenses Utility: $2,900
  • Expenses Total: $52,818
  • Operating Expenses Include: Fee - Property Management, Services - Gardener, Services - Trash Removal
  • Gross Rent Multiplier: 12.44
  • Income Annual Gross: $187,122
  • Income Annual Rental: $181,809
  • Income Gross Scheduled: $192,909
  • Income Other: $11,100
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 4
  • Unit 1 Rent: $5,565
Unit 2 Information
  • Unit 2 Approx Square Footage: 600
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,675
  • Unit 2 Type: Apartment
Unit 3 Information
  • Unit 3 Approx Square Footage: 600
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,256
  • Unit 3 Type: Apartment
Unit 4 Information
  • Unit 4 Approx Square Footage: 600
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,795
  • Unit 4 Type: Apartment
Unit 5 Information
  • Unit5 Full Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 1400
Listing Info
Rental Info
  • Lease Type: Net

Property History for 772-776 South Second Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 772-776 South Second 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
Washington 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.

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 Marcus & Millichap, Michael Henshaw, DRE #01134592

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.