Home | Santa Clara County | San Jose | 95112 | 584 N 2nd St
MLS: ML82014237 | Status: | Price: $1,900,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 4,644 | 9,522 | 1949 |
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.
| Field | Value |
|---|---|
| MLS # | ML82014237 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Appliances | Oven Range, Washer/Dryer |
| Flooring | Carpet, Tile |
| Cooling | Ceiling Fan |
| Heating | Central Forced Air - Gas |
| Feature | Details |
|---|---|
| Roof | Composition, Shingle |
| Foundation | Slab |
| Style | Spanish |
| Feature | Details |
|---|---|
| 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 |
Ismael Benhamida
Compass
License #: 01722847
Phone: (408) 373-6195
| # 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 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Ismael Benhamida, (408) 373-6195.