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555-569 S 2nd St
San Jose, CA 95112 South Market

$8,280,000 USD

Apartments For Sale • 20,521 SF

Property Details

Property Type Apartments
Total Building Size 20,521 SF
Lot Size 0.33 AC
Building Class C
Year Built 1928
Cap Rate 6.93 %
Zoning DC

66 Transit Score

93 Walk Score

                
                    Highlights
                
                                Compelling Basis – Offered at approximately $212,000 per unit.
                            
                                Prime SoFA District Location – In the vibrant SoFA District in Downtown San Jose.
                            
                                Immediate Value-Add – Approximately 15 units delivered vacant for rapid renovation and lease-up.
                            
                                Strong Rental Demand – Walking distance to San Jose State University.
                            
                                Mixed-Use Asset – 38 apartments plus 1 retail space.
                            
                                Near Major Transit & Growth – Close to Diridon Station and future Downtown West development.

Financial Summary (Proforma)

Net Operating Income: $573,452 USD (2026)

Cap Rate:	6.93 %
Total Expenses:	$337,782 USD

Amenities

Fenced Lot
Kitchen
Hardwood Floors
Refrigerator
Oven
Tub/Shower
Walk-In Closets
Carpet
Double Pane Windows
Vinyl Flooring

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Jose Diridon (Caltrain - Caltrain (Caltrain))	4 min	18 min	0.9 mi
San Jose Diridon (Altamont Corridor Express - Altamont Commuter Express (ACE))	4 min	18 min	0.9 mi
Transit/Subway	Drive	Walk	Distance
Paseo de San Antonio Station northbound (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail, Mountain View - Winchester Line - Santa Clara VTA Light Rail)	2 min	8 min	0.4 mi
Paseo de San Antonio Station southbound (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail, Mountain View - Winchester Line - Santa Clara VTA Light Rail)	2 min	8 min	0.4 mi
Convention Center Station (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail, Mountain View - Winchester Line - Santa Clara VTA Light Rail)	3 min	10 min	0.5 mi
Santa Clara Station southbound (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail, Mountain View - Winchester Line - Santa Clara VTA Light Rail)	3 min	12 min	0.6 mi
Santa Clara Station northbound (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail, Mountain View - Winchester Line - Santa Clara VTA Light Rail)	3 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Norman Y Mineta San Jose International	9 min	-	4.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Jimmy Castellanos 408-483-5040 Marcus & Millichap

555-569 S 2nd St San Jose, CA 95112 South Market