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listing
1 of 57
Single FamilyFor Sale
$1,500,000
627 S 3rd Street
San Jose, CA 95112
Listed by Jessica Chung Yau DRE#01406732 [email protected] Intero Real Estate Services
MLS: California Regional MLS (CRMLS)
9Beds
3Full1Half Baths
2,388Sq Ft
Est. Mortgage
$7,843/mo

$88000 price improvement! 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! Prior owner used the studio as the owner's unit and rented out the rest for income, future owners could easily use it as a Triplex If they wish, flexible floor plan. As downtown companies are asking workers to come back in person and universities are back in person, this property is in an excellent position for income growth!

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Information courtesy of Intero Real Estate Services is subject to verification and is not guaranteed.
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