$1,588,000
- Beds
- 9
- Baths
- 3.5
- sq ft
- 2,388
627 S 3rd St, San Jose, CA 95112
627 S 3rd St
San Jose, CA 95112
- 89 days on market
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!
Details
Property type
Single Family Residence
Lot size
4,250 sq ft
Price per sq ft
$665
Year built
1898
Price History
04/01/2024
![BridgeMLS](/_next/static/media/bridgeMlsLogo.c7587f7d.png)
BridgeMLS #ML81959543
Listed
$1,588,000
+32.33%
10/26/2017
![BridgeMLS](/_next/static/media/bridgeMlsLogo.c7587f7d.png)
BridgeMLS #ML81680413
Sold
$1,200,000
Schools & Community
Neighborhood:
Downtown
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
High school district:
San Jose Unified
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Status: Active
Tomo last checked: 06/29/2024 at 7:05 AM
Listing updated: 06/14/2024 at 11:23 AM
Listed by: Jessica Chung Yau, Intero Real Estate Services Phone #: (650) 283-9525
MLS: BridgeMLS #ML81959543
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