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$1,588,000

Listing Price

9beds

3.5baths

2,388sqft

4,250sqft lot

627 S 3rd St, San Jose, CA 95112

Member Features

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

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For Sale

Off Market

Multi-Family

Home type

--

Price / sqft

1898

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

Square Feet
  • 2388

Bedrooms
  • 9

Bathrooms
  • 3.5

Heating
  • Has Heating:

    No

  • Heating Type:

    None

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    None

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    No Basement

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    Yes

Property Details

Lot Size
  • 4250

Water
  • No

Sewer
  • No

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 2

Style
  • Spanish

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • 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

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Average Home Price in 95112

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$1,588,000

9 Beds

3.5 Baths

2,388 Sqft

4,250 Lot (sqft)

Sold 04/01/2024

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Calculators

Mortgage

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Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
1,588,000
$
Down payment
317,600
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
9,528
$
HOA (Monthly)
0
$
PMI
0
$
$10,279
Your Payment
Total Monthly Payment:$10,279
Percent of Income:176%
Affordable:No
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Details for 627 S 3RD ST

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Current Owner

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