623 S 2nd Street, San Jose, California 95112, San Jose, 95112 - bed, bath
ACTIVE$1,450,000
623 S 2nd Street, San Jose, California 95112
0Bed
0Bath
3,360Sqft
4,318Lot
Year Built
1906
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$432
HOA
-
Days on market
-
Sold On
-
MLS number
ML82027377
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.45M(89th), sqft - 3360(89th), beds - undefined(50th), baths - undefined(50th).
Downtown Primary Commercial Location: The Home was previously used as a boarding house with multiple rooms upstairs. The downstairs unit features three bedrooms and two bathrooms with a steady income history. High-demand location near San Jose State University, public transportation, and easy freeway access. Walkable to downtown restaurants and shopping! Buyer is advised to do their own due diligence. This hidden treasure delivers steady rental income and plenty of potential for future opportunities..
Price History
Date
Event
Price
11/12/25
Listing
$1,450,000
Condition Rating
Poor
Built in 1906, this property shows significant signs of age and deferred maintenance. While one bathroom has some newer fixtures (vanity, toilet, tile flooring), the overall interior (worn wooden staircase, dirty/damaged walls, exposed light bulbs) and exterior (peeling paint, dilapidated garage) indicate a need for substantial repairs and rehabilitation. There is no visible modern kitchen, and major systems (electrical, plumbing, HVAC) are likely outdated, requiring significant investment to meet current standards. The property is functional but requires extensive renovation.
Pros & Cons
Pros
Prime Downtown Location: Situated in a 'Downtown Primary Commercial Location' offering excellent walkability to restaurants, shopping, and urban amenities.
High Rental Demand: Proximity to San Jose State University creates a strong and consistent demand for rental units, ensuring high occupancy potential.
Proven Income History: The downstairs unit boasts a 'steady income history,' providing an immediate and reliable revenue stream for investors.
Excellent Accessibility: Benefits from convenient access to public transportation and major freeways, enhancing its appeal to tenants and residents.
Versatile Investment Potential: Offers 'plenty of potential for future opportunities,' including continued residential income, multi-unit expansion, or potential commercial redevelopment given its zoning.
Cons
Advanced Age of Property: Built in 1906, the property likely requires significant investment for deferred maintenance, system upgrades (plumbing, electrical), and structural assessments.
Potential for Extensive Renovation: Described as a 'hidden treasure,' the property's age and previous use as a boarding house suggest substantial modernization and renovation may be necessary to maximize its value and appeal.
Required Due Diligence: The explicit advice for 'Buyer is advised to do their own due diligence' indicates potential complexities or undisclosed issues that warrant thorough investigation before purchase.