1137 North 3rd Street

San Jose, CA 95112

$2,499,000
Price
Beds
4,039 Sq. Ft.
$619 / Sq. Ft.
4,039
Sq. Ft.
$619
per Sq. Ft.

Description

Sprawled across two APNs, 1137 N 3rd St offers an incredible investment opportunity with a 2-story home, 3 ADUs, and a versatile carriage house/artist studio with endless possibilities. The main home beckons you into its sun-lit interior from the quiet, tree-lined street. Charming built-ins and a fireplace adorn the formal living room, while endless cabinetry and a full suite of appliances complete the kitchen. French doors reveal a massive secondary living room, ideal for hosting and entertaining....Sprawled across two APNs, 1137 N 3rd St offers an incredible investment opportunity with a 2-story home, 3 ADUs, and a versatile carriage house/artist studio with endless possibilities. The main home beckons you into its sun-lit interior from the quiet, tree-lined street. Charming built-ins and a fireplace adorn the formal living room, while endless cabinetry and a full suite of appliances complete the kitchen. French doors reveal a massive secondary living room, ideal for hosting and entertaining. A half bath and laundry area are conveniently located on the entry-level, while upstairs resides 3BR/2BA. A paver-lined patio and pathing guide you through the gorgeously landscaped courtyard, which connects each standalone unit encompassed by gates and garden vignettes, adding to their remarkable privacy. Desirably located, revel in proximity to Downtown San Jose's local eateries and shopping, while nearby SJC and HWYs 880 and 87 make commuting and travel effortless.
  1. Listed by Mark Von Kaenel • DRE #01189869 • Brokerage DRE #01526679 • KW Bay Area Estates • 408-568-6602
  2. Listed by David Giambruno • DRE #01365616 • Brokerage DRE #01526679 • KW Bay Area Estates

Property Details for 1137 North 3rd Street

MLS City Name
SAN JOSE
Building Type
OTHER
Style
Cottage
Garage Spaces
0
Parking Spaces
0
View
Garden / Greenbelt
Cross Street
Burton

Open Houses

Sunday, Jun 16th

1:00 PM - 4:00 PM

PublicView Details

Location

Listing Courtesy of KW Bay Area Estates, Mark Von Kaenel, DRE #01189869; KW Bay Area Estates, David Giambruno, DRE #01365616
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LISTING UPDATED: 06/16/2024 12:20 AM

Property Details for 1137 North 3rd Street

StatusActive
MLS #ML81966913
Days on Compass24
Taxes$31,250 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1936
Lot Size0.29 AC / 12,632 SF
CountySanta Clara County

Location

Listing Courtesy of KW Bay Area Estates, Mark Von Kaenel, DRE #01189869; KW Bay Area Estates, David Giambruno, DRE #01365616
Add your commute

Virtual Tour

Building Information for 1137 North 3rd Street

Stories2Residences-Year Built1936Lot Size0.29 AC / 12,632 SF

Payment Calculator

$16,242 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,638

Property Taxes

$2,604

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1137 North 3rd Street

Features
External Links
Room Information
  • Additional Rooms: Artist Studio, Office Area, Storage
  • Kitchen: Cooktop - Gas, Countertop - Granite, Countertop - Laminate, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven - Gas, Refrigerator, Varies by Unit
Features
  • Communications: Audio / Video Prewired
  • Energy Features: Low Flow Toilet, Skylight, Tankless Water Heater, Thermostat Controller
  • Fireplace: No
  • Laundry: Washer / Dryer
  • Living SqFt: 4039
  • Pool: No
  • Security Features: Other
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Gas
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Central San Jose
  • Roof: Composition, Shingle
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 1137
  • Street Name: 3rd
  • Street Direction Prefix: North
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 5
  • Structure SqFt: 4039
  • Structure SqFt Source: Other
  • Age: 88
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R2
Location Information
  • City Limits: Yes
  • Directions: Access to 1139 is through gated driveway of 1137.
  • Parcel Number: 235-06-017
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95112
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Horse Property: No
  • Lot Acres: .29
  • Lot Description: Grade - Level, Private / Secluded
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
  • Yard Grounds: Back Yard, Balcony / Patio, BBQ Area, Courtyard, Deck, Fenced, Gazebo, Low Maintenance, Porch - Enclosed, Sprinklers - Lawn, Storage Shed / Structure
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $31,250
  • Capitalization Rate: 3.27
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Lease
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,200
  • Expense Landscape: $1,800
  • Expense Maintenance: $1,800
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $6,000
  • Expenses Total: $45,050
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 19.11
  • Income Annual Gross: $126,876
  • Income Annual Rental: $130,800
  • Income Gross Scheduled: $130,800
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,900
Unit 2 Information
  • Unit 2 Approx Square Footage: 421
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,000
Unit 3 Information
  • Unit 3 Approx Square Footage: 650
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 0
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,500
Unit 4 Information
  • Unit 4 Approx Square Footage: 580
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Half Bathrooms: 0
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,500
Unit Type 1
  • Unit Type1 Approx SqFt: 2388

Property History for 1137 North 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1137 North 3rd Street

Taxable ValueLand$864,748Additions$182,982Total$1,047,730
Home Facts
Beds3Total Finished SqFt2,388 SqFtAbove Grade Finished SqFt2,388 SqFtStories2Lot Size5,350 SqFtStyleSingle Family ResidenceYear Built1936ZoningR2CountySANTA CLARAAPN235-06-017

Schools near 1137 North 3rd Street

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Walter L. Bachrodt Elementary School
CharterK to 5

Muwekma Ohlone Middle
Public6 to 8

San Jose High School
Public9 to 12

Ace Inspire Academy
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1137 North 3rd Street is for sale in San Jose, CA 95112. This property was listed for sale on May 23, 2024 by KW Bay Area Estates, it's currently listed at $2,499,000. It has been on the market for a total of 24 days and was last sold on January 28, 2016. This listing's school district is San Jose Unified School District. Nearby schools include Walter L. Bachrodt Elementary School, Muwekma Ohlone Middle and San Jose High School. 1137 North 3rd Street is a 0-bed, 0-bath, 4,039 sqft built in 1936.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Bay Area Estates, Mark Von Kaenel, DRE #01189869; KW Bay Area Estates, David Giambruno, DRE #01365616

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.