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Listing Agent: Jessica Chung Yau CalDRE: 01406732 - Intero Real Estate Services
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

627 S 3rd Street,  San Jose CA, 95112

(Active)
$1,588,000
|
9 beds, 3 Full/1 Half baths, 2,388 sqft
|
MLS# ML81959543

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Last Updated: 5/8/2024 5:50 AM
Description for 627 S 3rd Street San Jose, CA 95112
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!
Price
$1,588,000
Santa Clara
9
3 Full/1 Half
2,388 (approx)
ML81959543
Active
Description
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!
Listing Information
Property Type: Single Family, 2 Story
9 3 Full/1 Half
0.1 Acres Other 2,388 (approx)
1898 Yes-2 spaces 2
Public
Public Sewer
Neighborhood
School Information
District: San Jose Unified
Room Information
Bathrooms
3 1
Total: 9
Outside
Interior Features
Dishwasher,Microwave,Refrigerator
Tile, Laminate, Carpet
Central Air
Other, Central
No Common Walls
Exterior / Lot Features
2 Garage Spaces, 4 Parking Spaces, 0 Covered Parking Spaces,
Shingle
RM
Driving Directions
Cross Street: Reed
Financial Considerations
47226047
Listing Price History

San Jose Real Estate

San Jose is located in California. San Jose, California 95112 has a population of 1,020,536.

The median household income in San Jose, California 95112 is $81,909. The median household income for the surrounding county is $131,545 compared to the national median of $66,222. The median age of people living in San Jose 95112 is 40 years.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
No information is available for recently sold properties within this search.
Price History
Date Event Price Source
4/1/2024 Active $1,588,000  USD  MLS info
Tax History (Sourced from Public Records)
year Property Taxes Change Tax Assessment Change
2023 $20,416   USD 1.29% $1,312,371   USD -
2022 $20,155   USD 2.95% $1,312,371   USD 4.04%
2021 $19,577   USD 3.94% $1,261,413   USD -
2020 $18,835   USD -3.63% $1,261,413   USD 1.04%
2019 $19,545   USD 19.20% $1,248,480   USD 2.00%
Listing Agent: Jessica Chung Yau CalDRE: 01406732 - Intero Real Estate Services
crmls logo
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/8/2024 5:50 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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