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Listed by Patrick Carvalho • Fathom Realty Group, DRE#02136374
$ 2,199,999
Est. payment | /mo
3 Beds
2 Baths
2,856 SqFt
$ 2,199,999
Est. payment | /mo
3 Beds
2 Baths
2,856 SqFt
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
Welcome to 1019/1021 Villa Ave, San Jose, CA a unique investment opportunity featuring two separate buildings on one APN, with distinct addresses and multiple income-producing components. 1019 Villa Ave is a 2-bedroom, 1-bathroom single-family residence featuring a full basement with cement construction, offering approximately 1,200 square feet of space. The property provides comfortable living with additional basement space for storage, workspace, or other permitted uses. 1021 Villa Ave is a six-unit multifamily building, with each unit consisting of 1 bedroom and 1 bathroom. The property currently generates approximately $13,935 per month in rental income. Current rents are reportedly below potential market levels, presenting an opportunity to evaluate future rent adjustments and enhance income potential, subject to applicable laws, tenant protections, and market conditions. With seven total residential units across two buildings, this property offers a combination of current cash flow, residential flexibility, and potential long-term upside. The two-address configuration on a single APN creates a distinctive investment profile for buyers seeking an established income-producing asset in San Jose.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning R3
Interior
Heating Other
Cooling None
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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