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
Single Family, 2 Story
9
Santa Clara
3 Full/1 Half
1898
0.0976
Acres
Public
2
Public Sewer
2,388
Sq. Ft.
Yes
- 2
spaces
School Information
San Jose Unified
Bathrooms
3
1
Total:4
Detailed Room Information
- Bedroom(s)
- Total: 9
- Laundry
- Outside
Interior Features
- Appliances
- Dishwasher,Microwave,Refrigerator
- Flooring
- Tile, Laminate, Carpet
- Cooling
- Central Air
- Heating
- Other. Central.
- Common Walls
- No Common Walls
Exterior / Lot Features
- Parking
- 2 Garage Spaces. 4 Parking Spaces. 0 Covered Parking Spaces.
- Roof
- Shingle
- Zoning
- RM
Financial Considerations
47226047
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