782 North 1st Street

San Jose, CA 95112

$2,390,000
Price
Beds
5,712 Sq. Ft.
$418 / Sq. Ft.
5,712
Sq. Ft.
$418
per Sq. Ft.

Description

Beautifully designed units, individual water heaters, central A/C, and forced air heating throughout, 782 North 1st Street offers the rare opportunity to acquire a pride of ownership rental property walking distance to Japantown! Constructed in 1920, the property sits on an 8,276 square-foot lot (per county assessor) and offers a gross building square footage of 5,712 square feet (per county assessor). The building provides a consistent unit mix of (4) one-bedroom and (4) studio units. With today's...Beautifully designed units, individual water heaters, central A/C, and forced air heating throughout, 782 North 1st Street offers the rare opportunity to acquire a pride of ownership rental property walking distance to Japantown! Constructed in 1920, the property sits on an 8,276 square-foot lot (per county assessor) and offers a gross building square footage of 5,712 square feet (per county assessor). The building provides a consistent unit mix of (4) one-bedroom and (4) studio units. With today's high construction costs, this property would not be economical to build. The location alone will allow for a consistent demand for new and qualified renters. 782 N 1st Street is in the Civic Center neighborhood, a terrific suburban area with well-kept properties and spectacular mountain views. The property sits across the street from the Civic Center Light Rail Station. The light rail connects residents to San Francisco, Alameda, Contra Costa, San Mateo, and Santa Clara counties. The property sits just north of Downtown San Jose's Japantown, well known for its dynamic dining scene, with unpretentious eateries serving regional Japanese fare. Downtown San Jose is just a mile away and hosts countless dining and entertainment options.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040

Property Details for 782 North 1st Street

MLS City Name
SAN JOSE
Building Type
Other
Complex Name
Fortune Building
Garage Spaces
0
Parking Spaces
4

Location

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152
Add your commute
LISTING UPDATED: 04/11/2024 11:43 AM

Property Details for 782 North 1st Street

StatusActive
MLS #ML81960705
Days on Compass20
Taxes$27,461 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1920
Lot Size0.19 AC / 8,276 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152
Add your commute

Building Information for 782 North 1st Street

Stories-Residences-Year Built1920Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$15,332 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,043

Property Taxes

$2,288

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 782 North 1st Street

Features
Features
  • Fireplace: No
  • Living SqFt: 5712
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Central AC
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 5
Garage
  • Garage and Parking: Covered Parking, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 782
  • Street Name: 1st
  • Street Direction Prefix: North
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5712
  • Structure SqFt Source: Assessor
  • Age: 104
Development Information
  • Zoning Detail: C
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 249-01-028
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95112
  • Elementary School: 357
  • Elementary School District: 482
  • Middle School Text: Muwekma Ohlone Middle School
  • High School District Text: San Jose Unified
  • High School Text: San Jose High Academy
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .19
  • 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: No
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $27,461
  • Capitalization Rate: 3.57
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: None
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $8,000
  • Expense Landscape: $2,150
  • Expense Maintenance: $5,200
  • Expense Management: $0
  • Expense Trash: $3,716
  • Expenses Other: $0
  • Expenses Utility: $12,835
  • Expenses Total: $59,362
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities
  • Gross Rent Multiplier: 16.02
  • Income Annual Gross: $144,755
  • Income Annual Rental: $149,232
  • Income Gross Scheduled: $149,232
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Rent: $1,332
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,417

Property History for 782 North 1st 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 782 North 1st Street

Taxable ValueLand$166,568Additions$130,281Total$296,849
Tax Record2023$6,788 ($566 / month)
Home Facts
Total Finished SqFt5,712 SqFtAbove Grade Finished SqFt5,712 SqFtStories2Lot Size8,276 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningCCountySANTA CLARAAPN249-01-028Fireplace TypeHas Fireplace

Schools near 782 North 1st 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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782 North 1st Street is a multi-family home for sale in San Jose, CA 95112. This property was listed for sale on April 9, 2024 by Marcus & Millichap, it's currently listed at $2,390,000. 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. 782 North 1st Street is a 0-bed, 0-bath, 5,712 sqft multi-family home built in 1920.

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, Jimmy Castellanos, DRE #02024152

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.