Property Details
Upcoming Open Houses
About this Property
CAP Rate: 5.16% (Current), 8.34% (Proforma). GRM: 12.59 (Current), 8.73 (Proforma). Wonderful 8-unit apartment building located 2 blocks from Japantown, 1 block from the VTA Light Rail, and walking distance to San Jose State University. Tranquil courtyard with lush landscaping on a quiet street. (2) 2-Bed/1-Bath, (2) 1-Bed/1-Bath, & (4) studio units. Dual pane windows, new electrical main & sub-panels, individual water heaters, carport parking, & a large storage/laundry room in the rear. Opportunity to increase income & add value by upgrading the existing unit interiors upon turnover with air conditioners, electric car chargers, in-unit laundry, & fully renovating the unit interiors with high specification finishes to meet the demand of high-income technology employees by. California SB-1211 allows for the carport and storage laundry room to be converted into up to 8 ADU units based on a pre-feasibility analysis completed by an ADU consultancy (Buyer to verify with the City of San Jose Planning Department). The robust high-tech job growth, shortage of housing units, and value-add opportunity, make 584 N. 2nd Street a great opportunity for both the cash-flow and appreciation-minded investor.
MLS Listing Information
MLS #
ML82014237
MLS Source
MLSListings, Inc.
Days on Site
7
Interior Features
Appliances
Oven Range, Washer/Dryer
Flooring
Carpet, Tile
Cooling
Ceiling Fan
Heating
Central Forced Air - Gas
Exterior Features
Roof
Composition, Shingle
Foundation
Slab
Style
Spanish
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Garage: 0 Car(s)
Elementary District
San Jose Unified
High School District
San Jose Unified
Sewer
Public Sewer
Water
Public
Complex Amenities
None
Zoning
C
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 7 | 8 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 1 | 1/0 | $1,276 | $1,838 | 2 |
| 2 | – | 2 | 1/0 | $2,310 | $3,000 | 2 |
| 3 | – | – | 1/0 | $868 | $1,550 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
584 N 2nd St is a Residential Income in San Jose, CA 95112. This 4,644 square foot property sits on a 9,522 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,000,000 and was built in 1949. This address can also be written as 584 N 2nd St, San Jose, CA 95112.
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This listing information is up-to-date as of July 11, 2025. For the most current information, please contact Ismael Benhamida, (408) 373-6195
