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$1,588,000
Listing Price9beds
3.5baths
2,388sqft
4,250sqft lot
627 S 3rd St, San Jose, CA 95112
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
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!
Interior Details
2388
9
3.5
Has Heating:
No
Heating Type:
None
Has Cooling:
Yes
Cooling Type:
None
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
No Basement
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
Yes
Property Details
4250
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Spanish
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$18,834
$873,936
$374,544
--%
$1,248,480
2019
$19,545
$856,800
$367,200
--%
$1,224,000
2018
$16,397
$840,000
$360,000
--%
$1,200,000
2017
$10,087
$360,309
$300,256
--%
$660,565
2016
$9,868
$353,245
$294,369
--%
$647,614
2014
$8,831
$341,124
$284,269
--%
$625,393
2013
$8,466
$329,800
$269,800
--%
$599,600
2012
$5,557
$204,000
$172,380
--%
$376,380
Average Home Price in 95112
Nearby Properties
Zip Code
Price
Bed
Bath
Sqft
Lot
Sold Date
$1,588,000
$1,588,000
9 Beds
3.5 Baths
2,388 Sqft
4,250 Lot (sqft)
Sold 04/01/2024
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Details for 627 S 3RD ST
Property Debt
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Current Owner
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San Jose’s real estate market shows dynamic trends with fluctuating average property values, consistent increase in sold prices, variations in listed properties, and differences across various neighborhoods.