Active
627 S 3rd ST
SAN JOSE CA, 95112
$1,588,000
$664.99 per sqft
Active
9 Beds
3.5 Baths
2,388 sqft
Residential
Built in 1898
Listed by Intero Real Estate Services, Jessica Chung Yau, Listing Contact: 6502839525
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!
ML81959543
MLSⓇ ID
April 14, 2024
Updated
Map
627 S 3rd ST
SAN JOSE CA, 95112
Interior Features
Total Stories
2
Bedrooms
9 Beds
Bathrooms
3.5 Baths
Interior Features
Laminate, Tile
Appliances
Dishwasher, Refrigerator, Microwave, Oven, Range, Washer, Water Softener
Floor Description
Laminate, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.1 Acres
Roof
Shingle
Sewer
Public Sewer
School Information
School District
482
Other Property Details
Area Name
Central San Jose
Garage
Yes
Garage Spaces
2
Parking Total
4
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
RM
Buyer Agency Compensation
2%
Listed by Intero Real Estate Services, Jessica Chung Yau,
Listing Contact: 6502839525
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Data last updated 9:06 AM UTC, 4/14/2024