505 South 7th Street

San Jose, CA 95112

$1,100,000
Price
Beds
2,088 Sq. Ft.
$527 / Sq. Ft.
2,088
Sq. Ft.
$527
per Sq. Ft.

Description

Compass Commercial has been selected as the exclusive advisors for 505 S 7th San Jose located next to Downtown and San Jose State University. This unique duplex consists of two 2bdr/1ba units and a large barn that could be converted into an ADU. The property sits on the corner of S 7th St and E Williams on a large 6,850 sf lot. This value add investment opportunity allows an investor to increase value through renovations, rental increases, and ADU conversion of the barn in the back area. The location...Compass Commercial has been selected as the exclusive advisors for 505 S 7th San Jose located next to Downtown and San Jose State University. This unique duplex consists of two 2bdr/1ba units and a large barn that could be converted into an ADU. The property sits on the corner of S 7th St and E Williams on a large 6,850 sf lot. This value add investment opportunity allows an investor to increase value through renovations, rental increases, and ADU conversion of the barn in the back area. The location is also near Google's Downtown West Campus and is a high growth area with working professionals and student from SJSU. The property also potentially qualifies for the Mills Act which could reduce the property taxes significantly.

Listing Agent

  1. Frank Orrell

    Frank Orrell

    Listing Agent

    Compass

    DRE #01872831

Property Details for 505 South 7th Street

MLS City Name
SAN JOSE
Building Type
DUPLEX
Garage Spaces
0
Parking Spaces
4
Cross Street
E Wiliams St

Location

Listing Courtesy of Compass, Frank Orrell, DRE #01872831
Add your commute
LISTING UPDATED: 10/10/2022 03:46 PM

Property Details for 505 South 7th Street

StatusActive
MLS #ML81909990
Days on Compass47
Taxes$14,490 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / DUPLEX
Year Built1900
Lot Size0.16 AC / 6,793 SF
CountySanta Clara County

Location

Listing Courtesy of Compass, Frank Orrell, DRE #01872831
Add your commute

Building Information for 505 South 7th Street

Stories-Residences2Year Built1900Building Size-Lot Size0.16 AC / 6,793 SF

Payment Calculator

$7,110 per month

30 year fixed, 7.08% Interest

Principal and Interest

$5,902

Property Taxes

$1,208

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 505 South 7th Street

Features
    Features
  • Living SqFt: 2088
  • Pool: No
  • Security Features: None
  • Special Features: Parking
    Utilities
  • Cooling: Other
  • Heating: Wall Furnace
  • Meters: Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Public Utilities
  • Water: Public
    Carport and Parking
  • Carport Min: 0
    Garage
  • Garage and Parking: No Garage, Parking Area, Unassigned Spaces
Property Details
    Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
    Property Details
  • Area Text: Central San Jose
  • Roof: Other
  • Stories: 0.0
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 505
  • Street Name: 7th
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
    Building Information
  • Number of Buildings: 2
  • Structure SqFt: 2088
  • Structure SqFt Source: Assessor
  • Age: 122
    Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: RM
    Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 472-28-027
  • 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: Wood Frame
  • Horse Property: No
  • Lot Acres: .16
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
    Other Information
  • Dual Variable: Yes
Multi Family Information
    General Information
  • Annual Tax Amount: $14,490
  • Building Unit Total: 2
  • Capitalization Rate: 1.92
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 0
    Income / Expense Details
  • Expense Insurance: $4,502
  • Expense Landscape: $0
  • Expense Maintenance: $517
  • Expense Management: $0
  • Expense Trash: $1,712
  • Expenses Other: $824
  • Expenses Utility: $0
  • Expenses Total: $22,045
  • Operating Expenses Include: Fee - Property Tax, Fee - Rent/Lease, Insurance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 25.46
  • Income Annual Gross: $43,200
  • Income Annual Rental: $43,200
  • Income Gross Scheduled: $43,200
  • Income Other: $0
    Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,800
    Unit 2 Information
  • Unit 2 Approx Square Footage: 900
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,800
    Unit 3 Information
  • Unit 3 Rent: $0
    Unit 4 Information
  • Unit 4 Rent: $0
    Unit Type 1
  • Unit Type1 Approx SqFt: 1100
Listing Info
    Rental Info
  • Lease Type: Net

Property History for 505 South 7th 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 505 South 7th Street

Taxable ValueLand$39,159Additions$20,215Total$59,374
Tax Record2022$3,012 ($251 / month)
Home Facts
Total Finished SqFt2,088 SqFtAbove Grade Finished SqFt2,088 SqFtStories2Lot Size6,850 SqFtStyleSchoolYear Built1900Year Renovated1920ZoningR4CountySANTA CLARAAPN472-28-027

Schools near 505 South 7th Street

This home is within San Jose Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
RatingSchoolDistance
Lowell Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Downtown College Preparatory School
Charter9 to 12

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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505 South 7th Street is a multi-family home for sale in San Jose, CA 95112. This property was listed for sale on October 10, 2022 by Compass at $1,100,000. This listing's school district is San Jose Unified School District. Nearby schools include Lowell Elementary School, Herbert Hoover Middle School and Abraham Lincoln High School. 505 South 7th Street is a 0-bed, 0-bath, 2,088 sqft multi-family home built in 1900.

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 Compass, Frank Orrell, DRE #01872831

Based on information from the San Francisco Association of Realtors as of 10/10/2022 12:00 AM, the MLSListings MLS as of 10/10/2022 12:00 AM, or the BAREIS MLS as of 10/10/2022 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 10/10/2022 03:46 PM