A must buy! Functions like a Triplex. Great price relative to income & cap rate. Current leases @ $7,525/month or $90,000 annualized. Desirable detached 2 unit investment property or make it owner occupied with fantastic add'l income generating unit(s). Sublease back 3bed/2bath unit as studio/1bath & 2bed/1bath plus front 2bed/2bath unit. Excellent surrounding rental market, servicing nearby workplaces like Adobe, San Jose State (student & staff), & 3 hospitals. Increased rental potential with the proposed downtown Google campus (Approx. 25,000 new employees), Alum Rock BART extension, and expanding Adobe campus. Units showcase a bright & open floor plan, nice flooring, upgraded kitchen & bathrooms, dual pane windows, private backyards with decks, and extra parking. Ideal location, neighboring beautiful Naglee Park, easy access to Caltrain, VTA Light Rail, Highways 280, 87, 101, 680, Silicon Valley's work and pleasure destinations, and only a few minutes from vibrant Downtown San Jose!
Details
Type:
Multi-Family/Income Sale
Subdivision: Central San Jose
County: Santa Clara
Security Features: None
Tax ID: 467-38-100
Annual Taxes: $18,125
School District: San Jose Unified
Building Size: 1,954 SqFt
Cap Rate: 4.28%
Gross Rent Multiplier: 16.08
Days on Market: 784
Access Features: Parking
Energy Saving: Solar Power
Flooring: Hardwood, Laminate, Tile
Foundation: Concrete Perimeter
Horse Property: No
Kitchen: Appliances - Vary by Unit, Countertop - Granite, Dishwasher, Microwave, Oven Range - Gas, Refrigerator
851 - 853 East. San Antonio St., San Jose, CA 95116
Directions to here from: 155 mi
Area Information 95116
Population:
54,904 Up .07% since 2010
Average Income:
$76,826
Average Age:
32Years
Gender:
51.05%Male 48.95%Female
Households:
14,14047.76% with children
Average Value:
$873,971
Occupancy:
37.33%Owned 62.67%Rented 4.19%Vacant
Education:
24.99%High School 4.75%Associate 12.44%Bachelor 4.93%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
15.94Inches
Earthquake Risk:
Very High
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Very Low
Wind Risk:
Very Low
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Listed by Javier Ruano with KW Bay Area Estates
Based on information from the MLSListings MLS) as of 2/2/2023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
