Property Details
Upcoming Open Houses
About this Property
BCG Multifamily of Marcus & Millichap is pleased to present 555 S. 2nd Street, a 39-unit apartment community located in the heart of Downtown San Jose's vibrant SoFA District. Offered at just $212,000 per unit, the property provides investors with a rare low basis in one of Silicon Valley's most dynamic urban neighborhoods. The asset features 37 studio units, one one-bedroom unit, and a ~900 SF ground-floor commercial storefront, currently vacant. The investment offers strong in-place returns with a 6.93% CAP rate and 8.8 GRM, along with attractive financing options available, creating an opportunity for immediate cash flow in a prime downtown location near San Jose State University, major tech employers, dining, and entertainment. This opportunity presents a rare opportunity to acquire scale in Downtown San Jose at an attractive basis with strong in-place cash flow and long-term upside.
MLS Listing Information
MLS #
ML82038519
MLS Source
MLSListings, Inc.
Days on Site
2
Interior Features
Laundry
Coin Operated
Cooling
None
Heating
Gas
Exterior Features
Roof
Rolled/Hot Mop
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Covered Parking, Off-Street Parking, Garage: 0 Car(s)
Elementary District
San Jose Unified
High School District
San Jose Unified
Sewer
Public Sewer
Water
Public
Zoning
DC
Contact Information
Listing Agent
Eymon Binesh
Marcus & Millichap
License #: 02060059
Phone: (650) 546-1030
Co-Listing Agent
Jimmy Castellanos
License #: 02024152
Phone: (408) 483-5040
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 32 | 39 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 500 | 0 | 1/0 | $1,654 | $2,600 | 37 |
| 2 | 600 | 1 | 1/0 | $2,350 | $2,350 | 1 |
| 3 | 900 | – | 0/0 | $900 | $900 | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
555 S 2nd St is a Residential Income in San Jose, CA 95112. This 20,521 square foot property sits on a 14,474 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $8,280,000 and was built in 1928. This address can also be written as 555 S 2nd St, San Jose, CA 95112.
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This listing information is up-to-date as of March 13, 2026. For the most current information, please contact Eymon Binesh, (650) 546-1030
