These properties offer the experienced investor a value-add opportunity with the possibility for an ADU and the remaining older units to be remodeled. The wood structures also need some repair work. The property is unique in that it consists of four residential structures totaling 5,873 SF on two parcels totaling… Read More 15,420 SqFt. Property is zoned Residential Neighborhood in the San Jose 2040 General Plan so the structures are legal, non-conforming. The property consists of 10 units in four structures on two contiguous lots with the following addresses: - 126 N 7th Street (2) 1BR/1BA units, (1) 2BR/1BA unit (Triplex: 126-1, 126-2, 126-3) - 128 N 7th Street (1) 3BR/1BA unit (Single Family Residence) - 130 N 7th Street, Units 1 & 2 (2) 1BR/1BA units (Duplex: 130-1, 130-2) - 132, 132-A, 134, 136 N 7th Street (4) 1BR/1BA units (Fourplex) There is ample parking in the rear of this property. The parking area and the driveways on the two parcels are unpaved and partially covered in gravel. The parcels are located in the Horace Mann neighborhood of North Downtown San Jose, and are just two blocks from San Jose State University and two blocks from City Hall. Read Less
Courtesy of SiliconValley MultiFamilyGroup, Michael Shields 408-356-1900
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
4,475
Lot Size
0.36 Acres
Year Built
1898
MLS Number
ML82038483
30 Days Snapshot Of 95112
$999k
-15%
(avg) sold price
10
-37%
homes sold
31
-48%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 15687.00, Max Area Units: Square Feet, Lot is 0.36012396694215 acres
Accessibility Features
None
Amenities
Misc. amenities: None
Unit One
Rent: $1,995, 1 bedroom
Unit Two
Rent: $2,307, bedrooms: 2
Unit Three
bedrooms: 3
Unit Four
Rent: $2,195, 1 bedroom
Building
4,475 structure square feet, Age: 128, Built in 1898, 4 buildings, Construction type: Wood Frame, 10 minimum units in complex
Cooling
None
Floors
Laminate, Vinyl / Linoleum
Foundation
Other
Garage
Common Parking Area, Uncovered Parking
Water Features
Public
Heating
Wall Furnace
Kitchen
Exhaust Fan, Oven Range, Refrigerator, Varies by Unit
Laundry
Coin Operated
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 87787
Parking
12 parking spaces
Property
Zoning: RM
Roof
Composition
Security Features
None
Taxes
Annual tax amount: $31,502
Sewer
Sewer - Public, Sewer Connected, Sewer in Street
Utilities
Master Electric, Master Gas, Master Water, Separate Common Area, Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters, Public Utilities
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