627 South 3rd Street
627 South 3rd Street
$1,588,000
9
3
1
2,388
2,388
$665
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...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!
- Listed by Jessica Chung Yau • DRE #01406732 • Brokerage DRE #01354442 • Intero Real Estate Services • 650-283-9525
Property Details for 627 South 3rd Street
MLS City Name
SAN JOSE
Building TypeDetached
Garage Spaces2
Parking Spaces4
Cross StreetReed
Location
LISTING UPDATED: 04/14/2024 12:20 AM
Property Details for 627 South 3rd Street
Status | Active |
---|---|
MLS # | ML81959543 |
Days on Compass | 31 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Single-Family Homes / Detached |
Year Built | 1898 |
Lot Size | 0.10 AC / 4,250 SF |
County | Santa Clara County |
Location
Building Information for 627 South 3rd Street
Stories2Year Built1898Building Size-Lot Size0.10 AC / 4,250 SF
Payment Calculator
$10,367 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 627 South 3rd Street
Property History for 627 South 3rd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 627 South 3rd Street
Taxable ValueLand$918,660Additions$393,711Total$1,312,371
Tax Record2023$20,416 ($1,701 / month)
Home Facts
Total Finished SqFt2,388 SqFtAbove Grade Finished SqFt2,388 SqFtStories2Lot Size4,250 SqFtStyleQuadraplexYear Built1898ZoningRMCountySANTA CLARAAPN472-26-047Fireplace TypeHas Fireplace
Schools near 627 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.
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