520 Madera AVE, San Jose, CA 95112
- $1,595,000
- 3,468
- SqFt
- List Price
- $1,595,000
- Price Change
- ▼ $63,000 1712986541
- MLS#
- ML81956942
- Status
- ACTIVE
- Zoning
- LI
- Sqft. of Residence
- 3,468
- Lot Size
- 8,712
- Listing Area
- Central San Jose
Property Description
520 Madera Ave is a 4-unit property consisting of two separate buildings (1) 3 bed 1.5 bath (1) 2 bed 1 bath (2) 1 bed 1 bath units, with record low vacancy rates over the years with long-term tenants. This property is professionally managed by a local property management company with over 20 years of experience, fully rented with competent rents in a strong rental market with some room to improve. The property is with proximity to many new developments in the area, with easy access to Freeway 101 North and South, and the interstate 880, making it simple and convenient for the daily commuter. Close proximity to san Jose State University, and SJC Airport. San Jose is home to many companies, such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters. The property provides its tenants with washer and dryer hook-ups, for their convenience if they choose to provide their own. Most of the tenants are long-term and have month-to-month leases. The roof is low pitch with asphalt shingles, while the foundation is a concrete perimeter with a crawl space. This parcel is not in city inspections or city rent control areas. Tenants get billed back for garbage $51 a month/unit. Unit 1 gets billed back $125 for PG&E
Additional Information
- Acres
- 0.20
- Age
- 102
- Cooling System
- Other
- Foundation
- Concrete Perimeter, Concrete Slab
- Garage Parking
- Assigned Spaces, Off-Street Parking
- Heating System
- Wall Furnace
- Living Area
- 3,468
- Lot Size
- 8,712
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Flat / Low Pitch, Wood Shakes / Shingles
- Sewer
- Sewer - Private
- Special Features
- Other
- Total Number Of Units
- 4
- Unincorporated Yn
- Yes
- Zoning
- LI
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Listing courtesy of Ray Rodriguez from Compass. 626-779-9360
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