$1,150,000
SOLD AUG 24, 2018

706 S 2nd St San Jose, CA 95112

Spartan-Keyes Neighborhood
3 Beds
4 Baths
2,520 Sq Ft
4,317 Sq Ft Lot

Recently Sold

$456 Per Sq Ft

15% Above List Price

3 Days on Market

About This Home

As of August 2019

706 S. 2nd Street is a stately Tudor Revival apartment building consisting of (3) 1 + 1 and (1) Studio. Excellent in-place returns: Current GRM: 13.96 and Current CAP Rate: 4.74% with available October rental increases. Newer composition shingle roof. Prime rental location being blocks to San Jose State University. Moments to future Google Campus, Diridon Station, future BART station and freeways.

Last Agent to Sell the Property

Joel Hopman

Newmark Cornish & Carey License #01934574 Listed on: 07/02/2018

Co-Listed By

Justin Bautista

Newmark Cornish & Carey License #01268331

Last Buyer's Agent

Justin Bautista

Newmark Cornish & Carey License #01268331

Property Details

Home Type

  • Multi-Family

Year Built

  • 1912

Lot Details

  • 4,317 Sq Ft Lot

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $71,628

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $900
  • Insurance Expense $1,500
  • Maintenance Expense $3,000
  • Other Expense $215
  • Utility Expense $1,495
  • Operating Expense $22,033
  • Gross Income $69,479

Property Details

Home Type

Multi-Family

Year Built

1912

Lot Details

0

Listing Details

  • Zoning: CN
  • Subclass: Fourplex
  • Age: 106
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2520
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1912

Interior Features

  • Living Sq Ft: 2520
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking, Uncovered Parking

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Jose Unified
  • Elementary School: Washington Elementary
  • Middle School: Herbert Hoover Middle
  • High School: Abraham Lincoln High
  • High School: 347
  • Elementary School: 378
  • Middle School: 340

Lot Info

  • Lot Acres: 0.0991
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4318.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4318.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 13.96
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1500
  • Expense Landscape: 900
  • Expense Maintenance: 3000
  • Expenses Other: 215
  • Expenses Total: 22033
  • Expenses Utility: 1495
  • Income Annual Gross: 69479.00
  • Income Annual Rental: 71628
  • Income Gross Scheduled: 71628
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities - Electric, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Vacancy Factor: 3

Similar Homes in San Jose, CA

  • 939 S 7th St, San Jose, CA 95112

    $1,095,000

    • 5 Beds
    • 3 Baths
    • 1,596 Sq Ft
    • 939 S 7th St
    • San Jose, CA

    Well maintained duplex in the heart of San Jose. Both units are tenant occupied but can be a great owner occupy opportunity with rental income. Large expansive lot offers plenty of options to expand.

    Michael Shields SiliconValley MultiFamilyGroup

    Section Image
  • 961 S 7th St, San Jose, CA 95112

    $1,045,000

    • 2 Beds
    • 2 Baths
    • 1,048 Sq Ft
    • 961 S 7th St
    • San Jose, CA

    Well maintained duplex in the heart of San Jose. Both units are tenant occupied but can be a great owner occupy opportunity with rental income. Large expansive lot offers plenty of options to expand.

    Michael Shields SiliconValley MultiFamilyGroup

    Section Image
  • 1192 S 9th St, San Jose, CA 95112

    $1,025,000

    • 4 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • 1192 S 9th St
    • San Jose, CA

    1192 S. 9th Street is a well located duplex that was built in 1958 and sits on a 5,501 SF/ 0.126 Acres lot, per county assessor. The property has an excellent unit mix of (1) 2 Bedroom x 1 Bathroom unit, and one (1) 3 Bedroom x 2 Bathroom unit. The property also includes a detached two-car garage. Marketing Package available upon request.

    Mitchell Zurich Marcus & Millichap

    Section Image
  • 1171 Locust St, San Jose, CA 95110

    $1,248,888

    • 4 Beds
    • 2 Baths
    • 1,816 Sq Ft
    • 1171 Locust St
    • San Jose, CA

    Amazing investment opportunity in the heart of San Jose! This modern, updated DUPLEX is a true gem, featuring two spacious 2-bedroom, 1-bath units for a combined 1,816 sq. ft. of contemporary living space. Each unit offers stylish upgrades, including quartz countertops with a sleek backsplash, new cabinetry with chic hardware, stainless steel appliances, and luxury vinyl flooring. Recessed

    Enrique Medellin eXp Realty of California Inc

    Section Image
  • 59 S 11th St, San Jose, CA 95112

    $1,449,000

    • 6 Beds
    • 5 Baths
    • 2,000 Sq Ft
    • 59 S 11th St
    • San Jose, CA

    Spacious and unique 2-story Victorian house with large backyard and deattached cottage. Home is 2,000 sqft, 5bd/4ba with high ceilings and a fireplace on the first floor. 2 of the bedrooms and bathrooms are on the 1st floor for ease of access. The cottage adds another 1bd/1ba, 554 sqft of living space and has its own laundry and private garden. The property can accommodate large and/or

    Dong Pham Silicon Financing

    Section Image
  • 92 N 6th St, San Jose, CA 95112

    $1,450,000

    • 6 Beds
    • 5 Baths
    • 2,976 Sq Ft
    • 92 N 6th St
    • San Jose, CA

    92 N 6th Street is a well maintained fourplex in the heart of Downtown San Jose. The property is located steps from City Hall, the iconic Miro Towers, San Pedro Square, and a growing collection of upscale dining destinations. The property features a unique mix including a versatile 2-bed 2-bath unit with two separate entrances, dual living areas, and dual kitchen layouts, including dual gas &

    Mitchell Zurich Marcus & Millichap

    Section Image
  • 167 E Saint John St, San Jose, CA 95112

    $1,199,888

    • 5 Beds
    • 3 Baths
    • 2,340 Sq Ft
    • 167 E Saint John St
    • San Jose, CA

    Welcome to this charming duplex nestled in the heart of San Jose, boasting a spacious 2,340 square feet of living space. This property offers a comfortable lifestyle with a thoughtfully designed kitchens that features a 220-volt outlet, ideal for modern appliances and culinary enthusiasts. Major updates to kitchens, bathrooms, flooring, electrical, plumbing, and foundation to name a few. The home

    Garcia Team Camino Real Realty- Branch

    Section Image
  • 188 S 14th St, San Jose, CA 95112

    $1,200,000

    • 2 Beds
    • 3 Baths
    • 2,226 Sq Ft
    • 188 S 14th St
    • San Jose, CA

    New Listing. Opportunity abounds to possibly retain multi-unit property status! OR refine the existing 3-unit to a future 2-unit. OR restore Victorian-style back to original splendor with modern amenities. Existing large parcel space provides opportunity for a convenient garage / workshop combo and/or an ADU. All opportunities contingent upon what City of San Jose will allow. Owner purchased

    Kevin Cole Keller Williams Thrive

    Section Image
  • 219 E Saint John St, San Jose, CA 95112

    $1,188,000

    • 4 Beds
    • 3 Baths
    • 1,920 Sq Ft
    • 219 E Saint John St
    • San Jose, CA

    This triplex offers an excellent investment opportunity in vibrant downtown San Jose. Having been professionally managed, this 3 unit mix includes two 1 bedroom / 1 bathroom units and one 2 bedroom / 1 bathroom unit for a total size of 1,920 square feet. All units have been remodeled with new kitchens and baths. Secured gated entry and private entrances to each unit. Garage parking for 2 cars

    Betty Leung Intero Real Estate Services

    Section Image
See All Homes in San Jose

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2019 08/31/19 Sold $1,360,000 -1.8% $540 / Sq Ft
08/20/2019 08/20/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $1,385,000 +20.4% $550 / Sq Ft
08/24/2018 08/24/18 Sold $1,150,000 +15.0% $456 / Sq Ft
07/06/2018 07/06/18 Pending -- -- --
07/02/2018 07/02/18 For Sale $1,000,000 -- $397 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alan Nguyen

    Seller's Agent in 2019

    Alan Nguyen

    Infinite Investment Realty Corporation

    (408) 835-7743

    15 Total Sales

    Section Image
  • Wendy Chan

    Buyer's Agent in 2019

    Wendy Chan

    WEM Pacific Investment Inc.

    (650) 307-4428

    6 Total Sales

    Section Image

  • J

    Seller's Agent in 2018

    Joel Hopman

    Newmark Cornish & Carey

    (650) 688-8536

    39 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Justin Bautista

    Newmark Cornish & Carey

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81712760

MLSListings

APN: 472-17-064

California Santa Clara County San Jose 95112 Spartan-Keyes

706 S 2nd St, San Jose, CA

This home is located at 706 S 2nd St, San Jose, CA 95112 and is currently priced at $1,150,000, approximately $456 per square foot. This property was built in 1912. 706 S 2nd St is a home located in Santa Clara County with nearby schools including Washington Elementary School, Herbert Hoover Middle School, and Abraham Lincoln High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes