530 N 2nd Street, San Jose, CA 95112

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List Price
$1,995,000
Price Change
▼ $74,888 1787888305
Status
ACTIVE
MLS#
ML82045855
Year Built
1898
Lot Size
5,672
Acres
0.13
Lot Location
Level
Days on Market
146
Property Type
Commercial

Property 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 VERY RARE blend of updated historic charm with a prime location in one of Silicon Valley's most desirable neighborhoods.

Additional Information

Taxes
$27,731
Heat
Wall Furnace
Cooling
Yes
Exterior Construction
Other
Roof
Composition
Water
Public
School District
San Jose Unified
Attached Structure
Detached
Number Of Units Total
7
Gross Scheduled Income
$196,620

Listing courtesy of Listing Agent: David Propach (dpropach@butsimple.com) from Listing Office: But Simple, Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.