627 S 3rd St, SAN JOSE, CA

$1,588,000

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9

Beds

4

Baths

2,388

Square feet

0.10

Acres

About 627 S 3rd St

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!

Features of 627 S 3rd St

MLS® # ML81959543
Price $1,588,000
Bedrooms 9
Bathrooms 4.00
Full Baths 3
Half Baths 1
Square Footage 2,388
Square Footage Assessor
Acres 0.10
Year Built 1898
Type Single Family Residential
Sub-Type Detached Single Family
Status Active

Community Information

Address 627 S 3rd St
Area Central San Jose
City SAN JOSE
County Santa Clara
State CA
Zip Code 95112

Amenities

Amenities High Ceilings
Utilities Public Utilities
Parking Spaces 4
Garages Enclosed, 2 Car Garage
Is Waterfront No
Has Pool No

Interior

Appliances Microwave, Oven Range, Refrigerator (s)
Heating Central Forced Air Heat
Cooling Central Air Conditioning
Fireplace No
# of Stories 2

Exterior

Roof Shingle Roof
Foundation Other Foundation

Additional Information

Zoning RM
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJessica Chung Yau
OfficeIntero Real Estate Services
Contact Info650-283-9525

Listing Map

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