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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Patrick Carvalho, DRE #02136374 • Fathom Realty Group

$ 2,199,999

Est. payment | -/mo

3 Beds

2 Baths

2,856 SqFt

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$ 2,199,999

Est. payment | -/mo

Save Virtual Tour

3 Beds

2 Baths

2,856 SqFt

Key Details

Property Type Multi-Family

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

Source MLSListings, Inc.

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 3.0

Utilities Available Public Utilities

Roof Type Shingle

Building

Foundation Other

Sewer Sewer - Public

Water Public

Others

Tax ID 261-08-052

Special Listing Condition Not Applicable

Virtual Tour https://app.intellcre.com/share/35b5983084b6cf0f3f1e38a1b63625459f42973812153e7bdf69a5624bfe667cdf75865bd2380c83

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

1019 Villa AVE San Jose, CA 95126