776 South Second Street, San Jose, CA 95112-5820, USA

Property CA
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Property Overview:

772 & 776 S 2nd Street is a multi-family residential property located in a quiet section of Downtown San Jose, CA. The property features a mix of one-bedroom, two-bedroom, and four-bedroom floor plans across eight total units. It includes a detached four-bedroom/two-bathroom home (approx. 1,400 sq. ft., currently rented as an Airbnb), a six-unit Victorian apartment building (three 1-bed/1-bath and three 2-bed/1-bath units), a basement Art Studio (potential for ADU conversion), and three two-car garages (on a separate parcel, currently rented as storage units).

Investment Highlights:

  • Seller Financing:
    • Up to 85% LTV available for up to 36 months, interest-only.
  • Immediate Upside:
    • Below market rents and potential to increase cash flow by renting out the Art Studio and additional basement storage units.
  • Recent Renovations:
    • Both buildings renovated from 2019 to 2023 (including new roof, exterior stairway, interior/exterior paint, and unit updates).
  • Additional Income:
    • Three two-car garages currently rented at $275/month each (below market) as storage units.
  • Potential Value-Add:
    • Art Studio and basement storage offer further income opportunities.

Property Features:

  • Unit Mix:
    • Detached 4-bed/2-bath home (approx. 1,400 sq. ft., fully furnished, available vacant or furnished).
    • Six-unit Victorian:
      • 3 one-bed/one-bath units
      • 3 two-bed/one-bath units
  • Basement Art Studio:
    • Potential for ADU conversion or rental as creative space.
  • Parking & Storage:
    • Three two-car garages (separate parcel, rented as storage).
  • Recent Upgrades:
    • Luxury vinyl plank flooring, renovated kitchens and bathrooms, fresh paint.
  • Shared Laundry:
    • Coin-operated laundry on site.
  • No Pets Allowed (per management).

Location Benefits:

  • Prime Downtown San Jose location, near Interstate 280, Highway 101, and Highway 87.
  • Proximity to Major Employers:
    • Apple, Cisco, Facebook, Google, Netflix, Zoom, Adobe HQ, PWC, WeWork.
  • Near San Jose State University (2 blocks), Adobe HQ, and the proposed Google Village (7.3M sq. ft. office campus with 4,000 residences).
  • Close to Public Transit:
    • San Jose BART station, light rail, bus lines.
  • Walkable to Downtown Amenities:
    • Restaurants, shopping, nightlife, farmers markets, and more.

Summary:

772 & 776 S 2nd Street is a well-maintained, value-add investment opportunity in the heart of Silicon Valley. With seller financing up to 85% LTV, immediate cash flow upside, and recent renovations, this property is ideal for investors seeking a stable asset with growth potential in a high-demand location.

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Price and Status History

date type price
1981-06-02 Rental 64925
1985-12-31 Rental 250000
2005-10-20 For Sale 930000
2006-03-09 Sold 920000
2006-04-03 Rental 20000
2006-05-15 Delisted NaN
2019-04-10 For Sale 2300000
2019-04-28 Pending NaN
2019-06-05 Sold 1900000
2023-02-23 For Sale 2550000
2023-11-01 For Sale 2399000
2023-12-30 Pending NaN
2024-01-01 Pending NaN
2024-02-29 Sold 2167500
2024-03-01 Sold 5418750
2024-04-02 Rental 3495
3

Superfund Enterprise Management System

SITE NAME ADDRESS FEDERAL FACILITY NPL STATUS NON-NPL STATUS CONTAMINANTS SEMS EPA ID DISTANCE (MILES)
STAUFFER CHEM CO RAISCH QUARRY S OF First Street, San Jose, CA 95112, USA N N NF 0 CAD980498877 0.14
BARRON-GREY PACKING CO 825 South 5th Street, San Jose, CA 95112-3913, USA N N NF 0 CAD982357964 0.17
AMERICAN CAN CO 1598 South 1st Street, San Jose, CA 95110, USA N N NF 0 CAD990768871 0.67
STAUFFER CHEMICAL CO. 1931 South 1st Street, San Jose, CA 95112, USA N N NF 0 CAD063566442 0.68
MICRO METALLICS 1695 South 1st Street, San Jose, CA 95112-6113, USA N N NF 0 CAD069124717 0.68
PG&E GAS PLANT SAN JOSE 408 5A 4TH SAN FERNANDO/SE PARCEL, San Jose, CA 95113, USA N N NF 0 CAD981415961 0.83
SAN JOSE STATE UNIV CHEM DEPT 125 South 7th Street, San Jose, CA 95112, USA N N NF 0 CAD050520840 0.87
LORENTZ BARREL & DRUM CO. 1515 South 10th Street, San Jose, CA 95112, USA N F 26 CAD029295706 0.99

Toxic Release Inventory

FACILITY NAME ADDRESS TOTAL FORMS LAST FORM YEAR RISK SCREENING FACILITY ID DISTANCE (MILES)
SUN GARDEN PACKING CO 1582 South 1st Street, San Jose, CA 95110, USA 3 1988 N/A 95110SNGRD1582S 0.67

Integrated Compliance Information System - Air

PLANT NAME ADDRESS OPERATING STATUS DISTANCE (MILES)
SAN JOSE STATE UNIVERSITY (COGEN PLANT) East San Carlos Street, San Jose, CA 95150, USA OPR: Operating 0.79
SHARKS ICE SAN JOSE 1500 South 10th Street, San Jose, CA 95112-6410, USA OPR: Operating 0.98
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Flood Risk Info

fld_zone very high impact: up to 0.0001 miles high impact: up to 0.2 miles moderate impact: up to 0.5 miles low-moderate impact: up to 1.5 miles
A 0 0 0 3
AE 0 0 0 4
AH 0 0 0 12
AO 0 0 3 6

Flood Zone Type

code meaning
A 1% annual chance flood zone determined using approximate methods. No BFEs shown. Flood insurance and management standards apply.
AE 1% annual chance flood zone determined by detailed methods. BFEs shown. Insurance and floodplain management required.
AH Shallow flooding (ponding) zones with depths between 1-3 feet. BFEs shown. Insurance and management required.
AO Shallow flooding (sheet flow) zones with depths 1-3 feet. BFEs or average depths shown. High-velocity areas may exist.

Earthquake Risk Info

zone_name quad_name very high impact: up to 0.0001 miles high impact: up to 2.0 miles moderate impact: up to 10.0 miles
South Hayward Calaveras Reservoir 0 0 3
South Hayward Lick Observatory 0 0 1
South Hayward San Jose East 0 0 3

Landslide Risk Info

lscat very high impact: up to 0.0001 miles high impact: up to 0.04 miles moderate impact: up to 0.1 miles low-moderate impact: up to 0.2 miles
8 0 0 0 0

Liquefaction Risk Info

Suscept very high impact: up to 0.0001 miles high impact: up to 0.05 miles moderate impact: up to 0.5 miles low-moderate impact: up to 1.0 miles
High 0 0 0 0
Very high 0 0 0 2

Wild fire Risk Info

haz_class very high impact: up to 0.0001 miles high impact: up to 0.5 miles moderate impact: up to 1.5 miles low-moderate impact: up to 3.0 miles
High 0 0 0 0
Very High 0 0 0 0
5

Traffic Noise by Hour x Weekday

hour_of_day Monday Tuesday Wednesday Thursday Friday Saturday Sunday
0 49 NaN 58 NaN NaN NaN NaN
1 50 NaN NaN NaN NaN 58 47
2 44 NaN NaN NaN NaN NaN NaN
3 NaN NaN NaN NaN 57 NaN NaN
4 NaN NaN NaN NaN NaN NaN 43
5 NaN NaN NaN NaN 56 49 NaN
6 NaN 50 NaN 48 NaN NaN NaN
7 NaN NaN NaN NaN 34 NaN NaN
8 NaN 45 NaN NaN NaN NaN NaN
9 NaN 52 NaN NaN NaN NaN NaN
10 51 NaN NaN NaN 50 NaN NaN
11 NaN NaN NaN 34 NaN NaN 45
12 NaN 52 NaN NaN NaN NaN NaN
13 NaN 45 NaN NaN NaN 47 NaN
14 40 NaN 44 NaN NaN NaN 54
15 NaN 42 NaN NaN NaN NaN 56
16 58 NaN NaN NaN NaN NaN 51
17 NaN NaN 39 NaN NaN 49 NaN
18 NaN 57 51 56 55 NaN NaN
19 NaN 52 NaN 56 NaN NaN NaN
20 NaN NaN NaN NaN NaN NaN NaN
21 42 56 NaN NaN NaN 57 NaN
22 NaN NaN NaN NaN NaN NaN 51
23 NaN NaN 48 NaN 52 NaN NaN
6

Airplane Noise by Hour x Weekday

hour_of_day Monday Tuesday Wednesday Thursday Friday Saturday Sunday
0 1 1 1 1 1 1 1
1 1 2 1 1 1 1 0
2 1 1 1 1 2 1 1
3 0 1 1 1 1 5 1
4 0 2 0 1 1 1 1
5 1 1 1 1 1 1 1
6 3 2 4 3 3 3 3
7 4 4 4 4 4 3 3
8 6 7 6 7 8 6 4
9 8 7 9 8 9 8 8
10 9 9 10 9 13 8 10
11 11 8 10 10 11 10 9
12 8 8 10 10 12 9 9
13 10 10 12 12 11 11 9
14 8 9 10 9 12 8 6
15 8 7 11 10 9 5 7
16 11 8 10 8 9 6 8
17 8 10 9 10 8 6 6
18 6 6 6 8 8 4 5
19 7 7 6 6 5 3 3
20 3 4 5 4 3 3 3
21 5 3 3 5 4 3 3
22 2 1 2 2 3 2 3
23 1 2 1 1 2 1 1