425 N 7th Street, San Jose, CA 95112
- $1,300,000
- 1,808
- SqFt
- List Price
- $1,300,000
- Status
- ACTIVE
- MLS#
- ML82062296
- Year Built
- 1964
- Living Sq. Ft
- 1,808
- Lot Size
- 7,000
- Acres
- 0.16
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Duplex
Property Description
Two fully leased homes and the potential for a 3rd on large lot! This 1,808 sq ft duplex sits on a rare 7,000 sq ft lot in the heart of San Jose, close to Japantown and all the downtown restaurants and shops that keep this corridor busy year-round. Both units are occupied, bringing $6,550 a month, with updated kitchens and central air conditioning in each. Both units have private carports, and their own laundry and storage room. The larger front 3-bed, 2-bath unit has direct access to the carport. The 2-bed, 1-bath unit enjoys a spacious private backyard, the kind of layout that keeps tenants staying long term. The property delivers immediate, in-place cash flow with real room to grow. As a Value-add strategy, the oversized lot and the existing carport give upside for an investor who wants to add an ADU or reimagine the carport altogether, opening the door to a third income stream without touching either existing unit. Easy access to Highways 280, 680, and 101 puts tenants minutes from Downtown San Jose's job centers, and a walk score of 86 means this is a location renters actively seek out. Whether you are adding to a growing portfolio or looking for your first income property in Silicon Valley, 425 N 7th St offers a stabilized asset with a clear path to more.
Additional Information
- Taxes
- $16,250
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- School District
- San Jose Unified
- Attached Structure
- Detached
- Gross Scheduled Income
- $78,600
Listing courtesy of Listing Agent: Scott C. Poncetta (sponcetta@kw.com) from Listing Office: KW Bay Area Estates.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.