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1019 Villa AVE San Jose, CA 95126
10,001 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82061883
HOA Y/N No
Year Built 1957
Annual Tax Amount $13,157
Lot Size 10,001 Sqft
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 699 - Not Defined
Zoning R3
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 2
Roof Type Shingle
Total Parking Spaces 3
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 26108052
Special Listing Condition Standard
Virtual Tour https://app.intellcre.com/share/35b5983084b6cf0f3f1e38a1b63625459f42973812153e7bdf69a5624bfe667cdf75865bd2380c83
Listed by Patrick Carvalho Fathom Realty Group #02136374