PROPERTY INFO
EXCELLENT INCOME PROPERTY! Perfect for investor or income-minded buyer who likes to live in one of the unit and rent out the rest for income. The county record shows "use code" as 4 plex with any combination. Currently, it is a triplex used as 9 bedrooms, 4 baths, 3 kitchens plus a large living room and a family den. The two-car detached garage that has alley access, is used as a recreational space and has potential for an ADU. Possible 3-4 cars in tandem parking inside the gated backyard. Low-maintenance backyard for BBQ or entertaining. MANY UPDATES SINCE 2018, IT INCLUDES replacement of ROOF, added downstairs AC, replacement of most windows, interior painting, replaced floor with LVP floor and carpet, replaced water heater with 2 tankless water heaters, added a water softener, stainless kitchen appliances, 2 sets of washer/dryer hookups. There are 3 gas meters, one master water meter. Before Covid in 2019, the owners rent roll with all rooms leased was about $105,000. Reduced vacancy since 2020 to better observe the countys Covid restriction.
Among the current 9 rooms, there is a studio unit that has 1 of the 3 kitchens, a private bath, and a separate entrance. The current floor plan can be easily converted back to a triplex. Short walk to Vibrant Downtown, San Jose State University, near future GOOGLE SJ Campus and quick access to HWY 280/87/101/880! With companies and San Jose State University/schools shifting back to in-person working and schooling, the potential for income growth is great!
Profile
Address
627 South Third Street
Unit
City
San Jose
State
CA
Zip
95112
Beds
Baths
Square Footage
2,388
Year Built
1898
List Price
$1,498,888
MLS Number
ML81959543
Lot Size
4,320
Square Footage Per Public Sources
APN - Formatted
Addition Area
Year Built (Effective)
Style
Foundation
Construction Type
County Land Use
Zoning
Lot Width
Lot Depth
Number of residential units
County
Santa Clara
Standard Features
Air Conditioning
Downstairs AC
Central Forced Air Heat
Roof Type
Shingles
Eat-in Kitchen
Basement
Indoor Laundry
Stainless Steel Appliances
Two Car Garage
Family Rooms
Great room
Basement Type
Floor Type
Parking Spaces
gated yard to park 4 cars
Garage Type
Detached 2 car garage
Garage Area