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627 S 3rd ST, San Jose, CA 95112

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For Sale

$1,588,000

9 beds3 baths1 half baths2,388 sqft

Estimated Payment

$      /mo.

APR for 30 years

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  • Single Family Detached
    Property type

  • $664.99
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# ML81959543

Courtesy Of Intero Real Estate Services, Inc.

(650) 543-7740

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Cooling System
    Central A/C
  • Floor Covering
    Carpet, Laminate, Tile
  • Lot Size
    0.1 Acres
  • Roof Type
    Composition Shingle
  • Rooms
    Bedroom, Den, Dining Room, Family Room, Full Bath, Half Bath, Kitchen

Map and Directions

Directions to 627 S 3rd ST, San Jose, CA 95112
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Home seller CENTURY 21 Select Real Estate, Inc.

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CENTURY 21 Select Real Estate, Inc.

(209) 892-6111
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