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712 S 2nd St, San Jose, California 95112, San Jose, - bed, bath

home-pic
ACTIVE$1,214,000
712 S 2nd St, San Jose, California 95112
0Bed
0Bath
Sqft
4,250Lot
Year Built
1898
Close
-
List price
$1.21M
Original List price
$1.35M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41094104
Home ConditionGood
Features
Deck
View-

About this home

Investment Opportunity – 712 S. 2nd St, San Jose Located in San Jose’s vibrant SoFA District, 712 S. 2nd Street is a prime investment property offering excellent rental appeal and long-term growth potential. Just minutes from San Jose State University and downtown’s thriving tech and cultural scene, this property is ideally positioned for strong tenant demand. Tenants enjoy walkable access to local attractions like the Institute of Contemporary Art, Parque de los Pobladores, and the popular San Pedro Square Market. The area is rich in dining, shopping, nightlife, and public transit, making it a top choice for students, professionals, and creatives alike. For investors, this location offers steady rental income and the benefit of being in one of San Jose’s most active redevelopment zones. With ongoing downtown improvements and proximity to major employers, the property stands to appreciate in value while maintaining high occupancy rates. Whether you're looking to expand your portfolio or secure a high-demand rental, 712 S. 2nd Street delivers a compelling combination of lifestyle, location, and long-term potential. Offered at 6.7 Cap Rate. The City of San Jose allows a generous 5% yearly increase in rents! "Guaranteed Lower Rate On This Property - Ask Me How"

Price History

Date
Event
Price
08/21/25
Price Change
$1,214,000
04/21/25
Listing
$1,349,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (8 Listings)
Beds00
Baths00
Square foot02,058
Lot Size4,2506,348
11%
Price$1.21M$1.02M
78%
Price per square foot$0$528
Built year18981955
11%
HOA
Days on market199182
78%
Condition Rating
Good
Despite being built in 1898, the property appears to have undergone significant and relatively recent updates to its key areas. The kitchens feature modern white shaker-style cabinets, updated countertops, and functional appliances (a mix of white and stainless steel across units). Bathrooms are also updated with contemporary vanities, fixtures, and glass-enclosed showers, presenting a clean and move-in ready condition. While the deep red carpeting in living areas and bedrooms is a strong aesthetic choice that some might consider dated, it does not indicate a need for immediate functional renovation. The presence of window AC units suggests a lack of central air, which is a minor drawback. Overall, the property is well-maintained and functional, making it suitable for immediate occupancy, aligning with the 'Good' condition criteria for a property with updated components but not a full, high-end recent renovation.
Pros & Cons

Pros

Prime Location & Walkability: Located in San Jose's vibrant SoFA District, offering walkable access to San Jose State University, downtown's thriving tech and cultural scene, and numerous amenities including dining, shopping, nightlife, and public transit.
Strong Investment Opportunity: Positioned as a 'prime investment property' with 'excellent rental appeal and long-term growth potential,' ideal for generating steady rental income and expanding an investment portfolio.
Favorable Rental Market Conditions: Benefits from high tenant demand due to proximity to a major university and employers, coupled with the City of San Jose allowing a generous 5% yearly rent increase, enhancing income stability.
Attractive Cap Rate: Offered at a competitive 6.7 Cap Rate, indicating a solid potential return on investment for income-focused buyers.
Future Appreciation Potential: Situated in one of San Jose's most active redevelopment zones with ongoing downtown improvements, suggesting significant future value appreciation.

Cons

Historic Property Age: Built in 1898, the property is very old, which likely implies significant deferred maintenance, outdated systems, and potential for costly repairs or renovations to meet modern standards or tenant expectations.
Lack of Property-Specific Details: The description heavily emphasizes location and investment metrics but provides minimal information about the actual condition, interior features, or recent upgrades of the triplex units themselves, which could raise concerns for potential buyers.
Recent Price Reduction: The property has undergone a price reduction from its original listing, which might suggest it was initially overpriced or has faced challenges attracting buyers at its previous price point.

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