627 S 3rd ST, San Jose, CA 95112
- $1,588,000
- 9
- BD
- 4
- BA
- 2,388
- SqFt
- List Price
- $1,588,000
- MLS#
- ML81959543
- Status
- ACTIVE
- Property Type
- res
- Bedrooms
- 9
- Total Bathrooms
- 4
- Full Bathrooms
- 3
- Partial Bathrooms
- 1
- Sqft. of Residence
- 2,388
- Lot Size
- 4,250
- Listing Area
- Central San Jose
- Year Built
- 1898
Property 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!
Additional Information
- Acres
- 0.10
- Age
- 126
- Amenities
- High Ceiling
- Cooling System
- Central AC
- Family Room
- Separate Family Room
- Floor Covering
- Carpet, Laminate, Tile
- Foundation
- Other
- Garage Parking
- Enclosed
- Heating System
- Central Forced Air
- Laundry Facilities
- Inside, Outside, Washer / Dryer
- Living Area
- 2,388
- Lot Size
- 4,250
- Neighborhood
- Central San Jose
- Other Rooms
- Den / Study / Office
- Other Utilities
- Public Utilities
- Roof
- Shingle
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RM
Mortgage Calculator
Listing courtesy of Jessica Chung Yau from Intero Real Estate Services. 650-283-9525
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