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Listed by Marcus & Millichap, Eymon Binesh, Jimmy Castellanos Listing Contact: 650-546-1030
20,521 sqft

$8,280,000

555 S 2nd ST, San Jose CA, 95112

Price per sqft$403.49
Built in1928
Property size20,521 sqft
Property typeResidential

Overview

Active

Listed Mar 13, 2026

Updated Jul 25

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.

$55,087/mo

Est. mortgage payment based on a $8,280,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
ML82038519

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.33 Acres
MLS provider logo

Listed by Marcus & Millichap, Eymon Binesh DRE:02060059, Jimmy Castellanos
Listing Contact: 650-546-1030 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sunaina Arora | CA DRE# 01915860 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Sunaina Arora | CA DRE# 01915860 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 3:46 AM UTC, 7/25/2026

 

 

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