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Listed by Michael Shields • SiliconValley MultiFamilyGroup
$1,295,000
Est. payment /mo
2 Beds
1 Bath
1,225 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,225 sqft
Price per Sqft $1,057
MLS Listing ID ML82000766
Bedrooms 2
Full Baths 1
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1920
Lot Size 0.388 Acres
Property Sub-Type Detached
Property Description
One single family house with an unpermitted triplex on a large 16,908 SF lot in San Jose. The property has two residential structures: a two bedroom, one bath house in the front and a 3-unit residential structure behind the house. The 3 unit structure is unpermitted and consists of three, one bedroom units. There is also a work shed and a storage shed located on the property. The two bedroom house is approximately 1,225 SF in size-per county records. There is also an unpermitted unit in the rear of the house. No records of when this was added exist. The age of the triplex in the rear is unknown, but has undergone renovations over the years and is in good condition. In 2024 the property had a number of repairs and capital improvements in order to keep future expenses down. The property is an ideal asset for the investor looking for a long-term hold asset currently generating revenue to use as a "land-bank" for future development potential. The parcel is zoned as Mixed-Use Residential Character Area in the West San Carlos Urban Village Plan. The area is currently undergoing a renaissance of development with new mixed use and residential projects in the pipeline. Indeed, San Jose has more than 20,000 residential units currently in various stages of the development pipeline.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplace No
Appliance Dishwasher, Disposal
Exterior
Private Pool false
Building
Story 1
Water Public
Schools
School District Campbell Unified School District, Luther Burbank
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