Check Availability
$1,588,000
House - For Sale

627 S 3rd ST

SAN JOSE, CA 95112
bedrooms
9 Beds
bathrooms
3.5 Baths, 1 Half Bath
square feet
2388 Sqft
$7,798
Estimated Monthly
$0
HOA / Fees

About This Property

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!

The manager has listed the unit size as 2388 square feet.
Unit Size
2,388Ft²
Days on Market
22 days
Land Size
0.10 acres
Price per sqft
$665
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1898
Listed By
Jessica Chung Yau
Intero Real Estate Services
Last updated: 11 days ago (MLSLCA #ML81959543)

Price History

Date / Event Date Event Price
Apr 1, 2024 Listed by Intero Real Estate Services, Inc. $1,588,000
Listed by Intero Real Estate Services, Inc.
Dec 1, 2023 No longer available -
No longer available
Jul 22, 2023 Price Decreased $1,680,000
↓ $18K (1.1%)
Price Decreased
Jul 7, 2023 Relisted $1,698,000
Relisted
Mar 19, 2023 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 1898
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 340
  • Total Building Area: 2,388
  • Gross Building Area: 2,388
  • Building Area: 2,388
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,388
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: SAN JOSE
  • Land Acres: 0.098
  • Legal Description 1: MAP C7 834

Ownership

  • Current Owner : LIANG WEI PING
  • Current Owner 2: ZHU HAIRONG
  • Previous Owner : SCHAACHTER WOLFGANG
  • Owner Before Previous Owner: JONES DERYL W
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: San Jose Unified School District
  • Census Tract: 501602

Zoning

  • Zoning: RM

Geography

  • Assessors Map Reference: 61-F1
  • Parcel: 472-26-047
  • Block: 56
  • Lot: 5
  • Municipality: SAN JOSE
  • Latitude: 37.3275
  • Longitude: -121.882

    Address

  • Full Address: 627 S 3rd St
  • Address - House Number: 627
  • Street Direction: S
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: CA
  • City Name: San Jose
  • Carrier Code: C038
  • 4-Digit Zip Code: 5728
  • Zip Code: 95112

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,155
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 17-193

    Appraisal Valuation

  • Standard Deviation: 0.4245
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 15
  • Final Value: 1,287,480
  • High Value: 1,834,032
  • Low Value: 740,927

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,312,371
  • Assessed Land Value: $918,660
  • Assessed Improvements Value: $393,711

    Sales

  • Current Sale Contract Date: Oct 22, 2017
  • Current Sale Recording Date: Oct 26, 2017
  • Current Sale Transaction ID: 1397721233
  • Current Sale Price: $1,200,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 23785383
  • Previous Sale Recording Date: Jan 19, 2005
  • Previous Sale Contract Date: Dec 16, 2004
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE HOME LOANS INC
  • Previous Mortgage Transaction Date: Jan 19, 2005
  • Previous Mortgage Financing Type: unknown
  • Previous Mortgage Loan Amount: $440,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: unknown
  • Previous Mortgage Loan Due Date: Feb 01, 2035

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
3 Baths
2,072 ft²
$772/ft²
$1,599,999 Mar 2, 2024
-
-

About Central San Jose


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Frequently Asked Questions

When was property at 627 South 3rd Street built and last sold?
The property at 627 South 3rd Street was built in 1898 and last sold on Oct 22, 2017 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 627 South 3rd Street is $1,603,880.
What are some comparable homes to 627 South 3rd Street?
Homes that are comparable to 627 South 3rd Street include a house property at 874 South 9th Street, located in SAN JOSE, CA.

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