Description
Exceptional investment opportunity in the heart of Silicon Valley! This well-maintained duplex sits on a generous 10,454 sq ft lot and offers immediate rental income with significant upside potential. Unit 1 features 2 bedrooms, 1 bath, and an attached garage. Unit 2 features 3 beds, 2 baths (1 ground-floor bedroom), and an attached garage. With its oversized lot, this property may have the potential to add up to two additional ADUs of up to 800 sq ft each, subject to the buyer's independent verification of applicable zoning, municipal codes, and permitting requirements. If realized, a fully stabilized 4-unit portfolio on a single parcel could generate estimated gross rents of $10,000+/month. Another strong consideration would be subdividing the existing lot into multiple parcels. Perfectly positioned near Hwy 101, downtown San Jose, and major Silicon Valley employment corridors. Whether you're a seasoned 1031 exchange investor, a house-hacker looking to offset your mortgage, or a long-term buy-and-hold portfolio builder, this is the value-add asset you've been waiting for.
Details
| MLS # | ML82038916 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 181 |
| Listing Provided By | Anchor Property Group Inc | Luan Nguyen |
Features
| SQ Feet | 1,826 |
|---|---|
| Garage | 2 |
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | R2 |
| Acreage | 0.24 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Electric Cooktop, Microwave, Refrigerator, Range Hood |
Exterior
| Roof | Composition, Shingle |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95116 |
| Area | 699 Not Defined |
| Listing VS Median (in 95116) | |
Price: $1,495,000 low | high Med: $899,444 sqft: 1,826 low | high Med: 1,564 $ / sqft: $819 low | high Med: $575 On site: 181 low | high Med: 34 | |
Market Activity 95116
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95116 |
| Area | 699 Not Defined |
| Listing VS Median (in 95116) | |
Price: $1,495,000 low | high Med: $899,444 sqft: 1,826 low | high Med: 1,564 $ / sqft: $819 low | high Med: $575 On site: 181 low | high Med: 34 | |
