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Map
$1,588,000
●
House -
For Sale
627 S 3rd ST
SAN JOSE, CA 95112
9 Beds
3.5 Baths,
1
Half Bath
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.
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
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 |
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Property Highlights
Air Conditioning