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2178 Monticello Ave - Absolute Bargain Income Triplex! Hurry Fast

3 Unit Apartment Building Offered at £1,074,010 at a 3.50% Net Initial Yield in San Jose, CA 95125

Investment Highlights

  • Near major highways
  • Near tech centers
  • Near downtown San Jose

Executive Summary

Prime investment triplex available in desirable Monticello neighborhood. The original three bedroom one bath single family house with an attached two car tandem garage was then converted to a two bedroom two bath home with one car attached garage. Two 1 bedroom, 1 bath units were completed after, bringing total sq -ft to 2,206 on a 6,534 sqft lot. The 2 bed/2 bath with attached garage (Unit A) features partial hardwood flooring, a private yard and is currently rented under market value for $1.85k/Mo per month. Unit B (1bed/1 bath) was recently renovated including new interior paint, new dual pain windows, new flooring, new granite countertops, new sink, new cabinets, new stove, &fridge. Bathroom reno includes new toilet/vanity/tub refinish, new ceiling fans, along with a new front door, new washer/dryer. Estimated market rent for this unit is $2k/mo. Unit C is a 1 bed/1 bath apartment that is rented for $1.6k All units have in-unit washer dryer, A/C, newer water heaters, and private outdoor space. Located near major HWYS, tech centers, DTSJ, & Plant Shopping Center. Take advantage of this wonderful opportunity.

Property Facts

Price £1,074,010
Price Per Unit £358,003
Sale Type Investment
Net Initial Yield 3.50%
Sale Conditions 1031 Exchange
No. Units 3
Property Type
Residential
  • Apartment Buildings
Apartment Style Single Family Home
Lot Size 0.14 AC
Building Size 2,940 SF
Average Occupancy 100%
Number of Floors 1
Year Built 1949

Unit Amenities

  • Washer/Dryer
  • Heating
  • Tub/Shower
Bike Score ®
Very Bikeable (73)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
455-06-041
Land Assessment
£81,067
Improvements Assessment
£121,612
Total Assessment
£202,679
  • Listing ID: 34140465

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 2178 Monticello Ave, San Jose, CA 95125

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