1019 Villa AVE, San Jose, CA 95126
1019 Villa AVE, San Jose, CA 95126
1019 Villa AVE, San Jose, CA 95126
1019 Villa AVE, San Jose, CA 95126
1019 Villa AVE, San Jose, CA 95126
1019 Villa AVE, San Jose, CA 95126
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Eric Sandate

Eric Sandate

+1(650) 576-5580
Listed by Patrick Carvalho, DRE #02136374 • Fathom Realty Group
$ 2,199,999
Est. payment | /mo

3 Beds

2 Baths

2,856 SqFt

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$ 2,199,999
Est. payment | /mo
Save Virtual Tour

3 Beds

2 Baths

2,856 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,856 sqft

Price per Sqft $770

MLS Listing ID ML82061883

Bedrooms 3

Full Baths 2

Year Built 1957

Lot Size 10,000 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Investment opportunity with $132,901 NOI, a 6.04% in-place cap rate, $147,221 pro forma NOI, and a 6.71% pro forma cap rate. The property currently generates approximately $13,935 per month in rental income and consists of seven residential units across two separate buildings on one APN. 1019 Villa Ave features a 2-bedroom, 1-bath single-family residence with approximately 1,200 sq ft plus a full cement-construction basement. 1021 Villa Ave is a six-unit multifamily building with six 1-bedroom, 1-bath units. Reported rents provide potential for future income growth, subject to applicable laws, tenant protections, lease terms, and market conditions. Recent capital improvements include new windows and new electrical panels. The two-address configuration, established rental income, recent improvements, and projected NOI growth make this a compelling opportunity for investors seeking an income-producing residential asset in San Jose.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning R3

Interior

Heating Other

Cooling Ceiling Fan, Window / Wall Unit

Flooring Hardwood

Exterior

Parking Features Attached Garage, Carport , Detached Garage

Garage Spaces 3.0

Utilities Available Public Utilities

Roof Type Shingle

Building

Foundation Other

Sewer Sewer - Public

Water Public

Others

Tax ID 261-08-052

Special Listing Condition Not Applicable

Virtual Tour https://app.intellcre.com/share/35b5983084b6cf0f3f1e38a1b63625459f42973812153e7bdf69a5624bfe667cdf75865bd2380c83

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Nearby Locations

Eric Sandate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 576-5580

eric.s@guiderealestateca.com

1641 Laurel St, San Carlos, CA 94070-5216, USA

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1019 Villa AVE