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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Steven Gary

Steven Gary

+1(408) 644-3287
Listed by Patrick Carvalho • Fathom Realty Group, DRE#02136374
$2,199,999
Est. payment /mo
3 Beds
2 Baths
2,856 SqFt
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UPDATED:

Key Details

Property Type 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

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. 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

Rooms

Kitchen Appliances - Vary by Unit, Countertop - Granite, Refrigerator

Interior

Heating Other

Cooling Ceiling Fan, Window / Wall Unit

Flooring Hardwood, Tile

Laundry Coin Operated

Exterior

Parking Features Attached Garage, Carport , Detached Garage

Garage Spaces 4.0

Utilities Available Public Utilities

Roof Type Shingle

Building

Foundation Other

Sewer Sewer - Public

Water Public

Others

Restrictions Age - No Restrictions

Tax ID 261-08-052

Security Features Fire Alarm

Special Listing Condition Not Applicable

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Steven Gary

Steven Gary

+1(408) 644-3287

Realtor License ID: 01895061

Realtor License ID: 01895061

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1019 Villa AVE

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