620 S 3rd St | San Jose, CA 95112
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- LoopNet Team
620 S 3rd St
San Jose, CA 95112
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Located in the massive economic engine of Downtown San Jose with globally recognized businesses and abundant employment opportunities.
- Garage could be rented to generate additional revenue. Similar sized selfstorage units rent for upwards of $300 per-month.
- On-site laundry for additional revenue and resident convenience.
- Existing income stream of over $143,000 annually with strong stable paying tenants and a history of high occupancy.
- Garage may also be able to accommodate an ADU adding a new, significant source of revenue.
Property Facts
| No. Units | 9 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 3,700 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1898 |
| Building Class | C | Parking Ratio | 3.24/1,000 SF |
| Zoning | DC - Downtown Primary Commercial (DC): The property is zoned for retail and residential (Ords. 26248). | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,700 SF |
| No. Stories | 2 |
| Year Built | 1898 |
| Parking Ratio | 3.24/1,000 SF |
| Zoning | DC - Downtown Primary Commercial (DC): The property is zoned for retail and residential (Ords. 26248). |
Amenities
Site Amenities
- Laundry Facilities
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 367 |
| 1+1 | 5 | - | 533 |
Property Taxes
| Parcel Number | 472-27-054 | Improvements Assessment | $438,600 |
| Land Assessment | $1,224,000 | Total Assessment | $1,662,600 |
Property Taxes
Parcel Number
472-27-054
Land Assessment
$1,224,000
Improvements Assessment
$438,600
Total Assessment
$1,662,600
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