Tiffany Villa 530 N 2nd St 7 Unit Apartment Building $2,069,888 ($295,698/Unit) 6.01% Cap Rate San Jose, CA 95112

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.
Please do NOT disturb tenants. Submit offers subject to inspection. Buyer to cooperate with seller 1031 exchange at no expense to buyer. VERY competitive list price at 10.53 GRM and 6.01% Cap Rate for a building in such excellent condition for its age. Estimated NOI uses owner's ACTUAL operating expenses PLUS estimated real estate taxes AT LIST PRICE PLUS 5% management fee and includes a 3% vacancy factor.