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!
MLS #
ML81959543
MLS Source
MLSListings, Inc.
Days on Site
28
Buyer's Brokerage Compensation*
2.00%
Appliances
Dishwasher, Microwave, Oven Range, Refrigerator, Washer/Dryer, Water Softener
Dining Room
No Formal Dining Room
Family Room
Separate Family Room
Flooring
Carpet, Laminate, Tile
Laundry
Inside
Cooling
Central Forced Air
Heating
Central Forced Air
Roof
Shingle
Foundation
Other
Garage/Parking
Enclosed, Garage: 2 Car(s)
Elementary District
San Jose Unified
High School District
San Jose Unified
Sewer
Public Sewer
Water
Public
Zoning
RM
627 S 3rd St is a Single Family Residence in San Jose, CA 95112. This 2,388 square foot property sits on a 4,250 Sq Ft Lot and features 9 bedrooms & 3 full and 1 partial bathrooms. It is currently priced at $1,588,000 and was built in 1898.
This address can also be written as 627 S 3rd St, San Jose, CA 95112.©2024 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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This listing information is up-to-date as of April 14, 2024. For the most current information, please contact Jessica Chung Yau, (650) 283-9525