Thank you
Jessica Chung Yau
Intero Real Estate Services
650-543-7740
EXCELLENT INCOME PROPERTY! Perfect for investors or income-minded buyers who can live in the building & rent out the rest. The county record shows "use code" as "3-4 units, any combination. Currently, it is used as 9 beds, 4 baths, 3 kitchens +2 dens. The 2-car detached garage is used as a recreational space. Another 4 cars in tandem could park inside the spacious gated yard. MANY UPDATES SINCE 2018, (NCLUDES NEW ROOF, downstairs AC, replaced most of the windows, LVP floor and carpet, 2 tankless water heaters, water softener, SS kitchen appliances, 2 sets of washer/dryer). 3 gas meters & 1 master water meter. Before Covid in 2019, the owner's rent roll with all rooms leased was about $105,000. Reduced vacancy since 2020 to better observe county Covid restriction! 1 of the 9 rooms is a studio w/1 of the 3 kitchens, private bath & entrance! In the heart of Downtown, Walk to San Jose State University, near cafes, restaurants & HWY280! Previous owner used the studio as the owner's unit and rented out the rest for income, future owner could easily use it as a Triplex If they wish, very flexible floor plan. As downtown companies are asking employees to come back in person and university staff & students are back in person, this property is in an excellent position for income growth!
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Total Bedrooms : 9
Total Baths: 4
Full Baths: 3
Half Baths: 1
Water Source : Public
Sewer : Public Sewer
Roof : Shingle
Property Appliances: Dishwasher,Microwave,Refrigerator
Flooring: Carpet,Laminate,Tile
Central Air
Air Conditioning
Central
Has Heating
Has Fireplace: 0
Year Built: 1898
Roof: Shingle
Outside
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.0976
Lot Size Source: Other
Lot Size Square Feet: 4250
Original List Price: 1,588,000
Listing Contract Date: 2024-04-01
Listing Agreement: Exclusive Right To Sell
Parcel Number: 47226047
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Directions: Cross Street: Reed
Zoning: RM
Source Property Type: Residential
Area: 699 - Not Defined
Property SubType: Single Family Residence
Property Age: 126
Common Walls: No Common Walls
Structure Type: Single Family Residence
Year Built Source: Assessor
Total Square Feet Living: 2388
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
384 S 11th St, San Jose, CA,95112 | $675,000 | 2 | 2 | 1,050 | 1500 Sqft |
S 3rd Street #505, San Jose, CA,95112 | $539,900 | 1 | 1 | 1,023 | -- |
E Taylor Street, San Jose, CA,95112 | $1,250,000 | 4 | 2 | 1,405 | -- |
623 S 2nd Street, San Jose, CA,95112 | $1,580,000 | 9 | -- | 3,360 | 4356 Sqft |
N 8th #131, San Jose, CA,95112 | $772,500 | 2 | 2 | 1,173 | -- |
818 N 13th Street, San Jose, CA,95112 | $1,148,000 | 3 | 1 | 1,316 | 5227 Sqft |
456 E San Salvador Street, San Jose, CA,95112 | $1,249,000 | 3 | 3 | 1,444 | 1444 Sqft |
1350 Oakland Road, San Jose, CA,95112 | $350,000 | 3 | 2 | 880 | -- |
N 1st Street, San Jose, CA,95112 | $600,000 | -- | -- | -- | -- |
520 Madera Avenue, San Jose, CA,95112 | $1,595,000 | 7 | -- | 3,468 | 8712 Sqft |
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ByOwner last updated this listing 05/10/2024 @ 07:38
MLS: ML81959543
LISTED BY: Jessica Chung Yau, Intero Real Estate Services
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.