About 555 S 2nd Street
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.
Features of 555 S 2nd Street
| MLS® # | ML82038519 |
|---|---|
| Price | $8,280,000 |
| Bathrooms | 0.00 |
| Acres | 0.33 |
| Year Built | 1928 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 555 S 2nd Street |
|---|---|
| Area | 699 - Not Defined |
| City | San Jose |
| County | Santa Clara |
| Zip Code | 95112 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | None |
|---|---|
| Has Basement | No |
| Fireplace | No |
School Information
| District | San Jose Unified |
|---|
Additional Information
| Date Listed | March 13th, 2026 |
|---|---|
| Days on Market | 182 |
| Zoning | DC |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Eymon Binesh |
|---|---|
| Office | Marcus & Millichap |