620 South 3rd Street

San Jose, CA 95112

$1,630,000
Last Sold Price
Beds
3,446 Sq. Ft.
$473 / Sq. Ft.
3,446
Sq. Ft.
$473
per Sq. Ft.

Description

Located in the heart of Downtown San Jose, 620 S. 3rd Street is a legal 9 unit multifamily property. The property sits on a 0.20 acre (8,833 SqFt) lot. The property includes the main building and an additional building at the rear with a large garage that may be converted to an ADU (buyer to verify).Located in the heart of Downtown San Jose, 620 S. 3rd Street is a legal 9 unit multifamily property. The property sits on a 0.20 acre (8,833 SqFt) lot. The property includes the main building and an additional building at the rear with a large garage that may be converted to an ADU (buyer to verify).
  1. Listed by Carlos Azucena • DRE #01738155 • Brokerage DRE #01240999 • Marcus & Millichap • 408-205-2679

Property Details for 620 South 3rd Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
12

Location

Listing Courtesy of Marcus & Millichap, Carlos Azucena, DRE #01738155

Sold By Marcus & Millichap, Carlos Azucena, DRE #01738155

Add your commute
LISTING UPDATED: 08/15/2023 10:19 AM

Property Details for 620 South 3rd Street

StatusSold
MLS #ML81917544
Days on Compass138
Taxes$20,612 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1898
Lot Size0.20 AC / 8,833 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Carlos Azucena, DRE #01738155

Sold By Marcus & Millichap, Carlos Azucena, DRE #01738155

Add your commute

Building Information for 620 South 3rd Street

Stories-Residences-Year Built1898Building Size-Lot Size0.20 AC / 8,833 SF

Payment Calculator

$10,613 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,896

Property Taxes

$1,718

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 620 South 3rd Street

Features
Features
  • Fireplace: No
  • Living SqFt: 3446
  • Pool: No
  • Security Features: Other
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street, Uncovered Parking
Property Details
Homeowners Association
  • HOA Amenities: Other
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 9
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Shingle
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 620
  • Street Name: 3rd
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 3446
  • Structure SqFt Source: Assessor
  • Age: 125
Development Information
  • Zoning Detail: C3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 472-27-054
  • 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
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
General Information
  • Annual Tax Amount: $20,612
  • Capitalization Rate: 4.86
  • Tenant Expenses: Rent Only
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,600
  • Expense Landscape: $1,750
  • Expense Maintenance: $4,000
  • Expense Management: $0
  • Expense Trash: $1,800
  • Expenses Other: $1,570
  • Expenses Utility: $9,775
  • Expenses Total: $44,107
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Gardener, Services - Trash Removal, Utilities
  • Gross Rent Multiplier: 13.73
  • Income Annual Gross: $141,249
  • Income Annual Rental: $143,400
  • Income Gross Scheduled: $145,618
  • Income Other: $2,218
Unit 1 Information
  • Unit 1 Full Bathrooms: 0
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $0
Unit 2 Information
  • Unit 2 Approx Square Footage: 350
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Approx Square Footage: 533
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 367
  • Unit Type1 Units Total: 3
Unit Type 2
  • Unit Type2 Units Total: 3
Unit Type 3
  • Unit Type3 Units Total: 3
Listing Info
Rental Info
  • Lease Type: Net

Property History for 620 South 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 620 South 3rd Street

Taxable ValueLand$1,208,478Additions$486,671Total$1,695,149
Home Facts
Total Finished SqFt3,446 SqFtAbove Grade Finished SqFt3,446 SqFtStories2Lot Size8,833 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningC3CountySANTA CLARAAPN472-27-054Fireplace TypeHas Fireplace

Schools near 620 South 3rd Street

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

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Downtown College Preparatory Middle
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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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 Marcus & Millichap, Carlos Azucena, DRE #01738155

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.