San Jose, CA 95112
$999,888
Bed
0
Bath
0
Living Space
2,620 SqFt
Year Built
1898
Lot Size
6,210 SqFt
Days
14
**CASH FLOW! CASH FLOW! CASH FLOW!** Exciting Downtown San Jose investment opportunity generating **$13,862 per month in current scheduled rent $166,344 annually**. 467 S. 3rd Street offers an established income stream with **8 income-producing room rentals**, with subsidized and self-pay tenants. Based on current rents and financing assumptions, the property has the potential to **remain cash-flow positive with as little as 20% down**, creating an attractive opportunity for investors focused on immediate income. **Strong gross income, tenants already in place, and cash-flow potential from day one.** The property is legally recognized as a triplex under its Residential Occupancy Permit, with rooms rented individually. Buyers are encouraged to review all financial information, disclosures, permits, occupancy/use information, expenses, and perform their own due diligence regarding the property and projected cash flow. **IMPORTANT SHOWING INFORMATION:** Property is tenant occupied with limited access. **All showings will be held during one open house weekend only:** **Saturday, October 3 | 2:00 - 4:00 PM** **Sunday, October 4 | 2:00 - 4:00 PM** **Mark your calendars and don't miss the open house weekend.**
Listing provided courtesy ofWesley Craig License 02114426 Coldwell Banker Realty
Data provided by MLSListings Inc.
- Lowell Elementary School (Elementary) - GreatSchools rating 7/10 - McEnry Elementary School (Elementary) - GreatSchools rating 6/10 - Herman Intermediate School (Middle) - GreatSchools rating 10/10 - Union Middle School (Middle) - GreatSchools rating 10/10 - Saratoga High School (High) - GreatSchools rating 8/10 - Blackford High School (High) - GreatSchools rating 7/10 School District: San Jose Unified School District
Within a 1-2 mile radius of the property, several parks offer recreational opportunities. These include Frank M. Santana Park, Hamann Memorial Park, and Parkway Park. Fowler Creek Park features a children's water play area, bocce ball courts, and lighted tennis courts. Edenvale Gardens Regional Park, adjacent to the Hayes Mansion, has a train-themed playground and basketball courts. Hellyer County Park, a large urban park, includes a dog park, playgrounds, and picnic sites. Groesbeck Hill Park offers basketball, sand volleyball, and tennis courts, along with a youth playground.
The property is located in San Jose, specifically in the Sun neighborhood, which is described as a historic area nestled next to Downtown San Jose and south of San Jose State University. This neighborhood is known for its walkability and proximity to the city's entertainment venues, galleries, museums, breweries, pubs, and eateries. The Japantown neighborhood is also nearby, recognized for its authentic dining scene, eclectic clothing stores, hip galleries, and vibrant karaoke bars, as well as hosting the only year-round farmers market in the valley.
This location has a Walk Score of 81/100 and a Transit Score of 71/100, indicating that most errands can be accomplished on foot and there are nearby public transportation options. Verified transit routes include bus lines such as the 25 De Anza Coll - Alum Rock via Valley Med, and the 60 Milpitas BART - Winchester Stn via SJC Airport. The Green Line (Old Ironsides - Winchester) and Blue Line (Baypointe - Santa Teresa) are also accessible within 0.6 miles.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Lowell Elementary School (Elementary) - GreatSchools rating 7/10 - McEnry Elementary School (Elementary) - GreatSchools rating 6/10 - Herman Intermediate School (Middle) - GreatSchools rating 10/10 - Union Middle School (Middle) - GreatSchools rating 10/10 - Saratoga High School (High) - GreatSchools rating 8/10 - Blackford High School (High) - GreatSchools rating 7/10 School District: San Jose Unified School District
Within a 1-2 mile radius of the property, several parks offer recreational opportunities. These include Frank M. Santana Park, Hamann Memorial Park, and Parkway Park. Fowler Creek Park features a children's water play area, bocce ball courts, and lighted tennis courts. Edenvale Gardens Regional Park, adjacent to the Hayes Mansion, has a train-themed playground and basketball courts. Hellyer County Park, a large urban park, includes a dog park, playgrounds, and picnic sites. Groesbeck Hill Park offers basketball, sand volleyball, and tennis courts, along with a youth playground.
The property is located in San Jose, specifically in the Sun neighborhood, which is described as a historic area nestled next to Downtown San Jose and south of San Jose State University. This neighborhood is known for its walkability and proximity to the city's entertainment venues, galleries, museums, breweries, pubs, and eateries. The Japantown neighborhood is also nearby, recognized for its authentic dining scene, eclectic clothing stores, hip galleries, and vibrant karaoke bars, as well as hosting the only year-round farmers market in the valley.
This location has a Walk Score of 81/100 and a Transit Score of 71/100, indicating that most errands can be accomplished on foot and there are nearby public transportation options. Verified transit routes include bus lines such as the 25 De Anza Coll - Alum Rock via Valley Med, and the 60 Milpitas BART - Winchester Stn via SJC Airport. The Green Line (Old Ironsides - Winchester) and Blue Line (Baypointe - Santa Teresa) are also accessible within 0.6 miles.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
