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11546591
11546590

530 N 2nd St, San Jose, CA 95112

DP
CA 01926166
But Simple, Inc.
Listed by But Simple, Inc.
$2,069,888
1098 days on market
Updated 23 days ago

Tiffany Villa

Details
APN 249-43-021
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,088
Units 6
Cap Rate 6.01%
NOI $124,424
Occupancy 97%
Price per SqFt $550
Broker Co-Op Yes
Year Built 1898, 1929
Year Renovated 2019, 2023
Buildings 2
Stories 2
Acreage 0.130
Zoning MH
Parking Spaces 6 spaces
Parking Per SqFt 1.47
Investment Type Stabilized
Sale Condition 1031 exchange

Multifamily | 6.01% CAP | 7 Units

Marketing description

Right in the heart of Silicon Valley is Tiffany Villa, a beautiful 7 unit Victorian property with lush, mature landscaping creating exceptional curb appeal. It generates strong, steady income with its ideal unit mix (two 2/1s, two 1/1s, and 3 studios), abundant off-street parking, and 8 rentable storage units (significant BONUS income). Authentic 1898 Victorian character shines through its spacious interiors, soaring windows, and elegant decorative details. True pride of ownership gleams from the past 21+ years of meticulous upgrades and maintenance. Front building has 5 units, a common laundry room and 8 storage units below; new roof 2005, new water heater 2019, commercial grade vinyl plank flooring in most units since 2023, some dual pane windows & LED lighting. Duplex building behind with 2/1 units; new roof 2019. Newer carpets and paint inside most units. Beautifully shaded common yard between the buildings complete with tables & seating. Great 1031 exchange upleg property with substantial appreciation opportunity during next ownership cycle. Simple upgrades are still possible over time utilizing its abundant excess cash flow. Tiffany Villa represents a rare blend of updated historic charm with a prime location in one of Silicon Valley's most desirable neighborhoods.

Investment highlights

  • Located in the HEART of The Silicon Valley in the South Bay Area of San Francisco - VERY STRONG demographics, incomes, and rental demand!


  • Within very affluent Japantown district of San Jose, CA - easy access to entire South Bay Area of San Francisco.

  • Turnkey asset with great cash flow - in excellent condition with many recent upgrades while retaining authentic 1898 Victorian character.

Listing Contacts

DP
CA 01926166
But Simple, Inc.
Listed by But Simple, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$124,424.00
$10,368.67/mo

Valuation Metrics

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DSCR
6.01%
Cap Rate
6.01%
ROI

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