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1137 N 3rd St San Jose 1139 N 3rd St

5 Unit Block of Flats £1,884,132 (£376,826/Unit) 3.64% Net Initial Yield San Jose, CA 95112

Investment Highlights

  • Additional 600sqft artist studio
  • Community garden
  • Sun-lit interior
  • Private outdoor space for each unit
  • Quick access to major freeways
  • Landscaped courtyard

Executive Summary

Sprawled across two APNs, 1137 N 3rd St offers an incredible investment opportunity with a 2-story home, 3 ADUs, and a versatile carriage house/artist studio with endless possibilities. The main home beckons you into its sun-lit interior from the quiet, tree-lined street. Charming built-ins and a fireplace adorn the formal living room, while endless cabinetry and a full suite of appliances complete the kitchen. French doors reveal a massive secondary living room, ideal for hosting and entertaining. A half bath and laundry area are conveniently located on the entry level, while upstairs resides 3BR/2BA. A paver-lined patio and pathing guide you through the gorgeously landscaped courtyard, which connects each standalone unit encompassed by gates and garden vignettes, adding to their remarkable privacy. Desirably located, revel in proximity to Downtown San Jose's local eateries and shopping, while nearby SJC and HWYs 880 and 87 make commuting and travel effortless.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £104,148 £25.79
Other Income - -
Vacancy Loss - -
Effective Gross Income £104,148 £25.79
Taxes £24,647 £6.10
Operating Expenses £12,072 £2.99
Total Expenses £36,718 £9.09
Net Operating Income £67,430 £16.69

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £104,148
Annual Per SF £25.79
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £104,148
Annual Per SF £25.79
Taxes
Annual £24,647
Annual Per SF £6.10
Operating Expenses
Annual £12,072
Annual Per SF £2.99
Total Expenses
Annual £36,718
Annual Per SF £9.09
Net Operating Income
Annual £67,430
Annual Per SF £16.69

Property Facts

Price £1,884,132
Price Per Unit £376,826
Sale Type Investment
Net Initial Yield 3.64%
Gross Rent Multiplier 19.11
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.29 AC
Building Size 4,039 SF
Average Occupancy 100%
Number of Floors 1
Year Built/Renovated 1936/2019

Unit Amenities

  • Washer/Dryer
  • Dining Room
  • Family Room
  • Garden

Site Amenities

  • Courtyard
  • Rubbish Collection - Kerbside
  • Green Community

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2.5 1 £3,156 2,388
1+1 3 £1,775 421 - 650
Studios 1 - 600
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R2
R2
  • Listing ID: 31953075

  • Date on Market: 29/05/2024

  • Last Updated:

  • Address: 1139 N 3rd St, San Jose, CA 95112

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