1137 N 3rd St San Jose | 1139 N 3rd St
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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 | Apartment Style | Garden |
Price Per Unit | £376,826 | Building Class | C |
Sale Type | Investment | Lot Size | 0.29 AC |
Net Initial Yield | 3.64% | Building Size | 4,039 SF |
Gross Rent Multiplier | 19.11 | Average Occupancy | 100% |
No. Units | 5 | Number of Floors | 1 |
Property Type | Residential | Year Built/Renovated | 1936/2019 |
Property Subtype | Apartment |
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 |
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Bike Score ®
Very Bikeable (71)
zoning
Zoning Code | R2 |
R2 |
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1137 N 3rd St San Jose | 1139 N 3rd St
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