357 Willow Street

San Jose, CA 95110

$2,998,000
Price
Beds
4,500 Sq. Ft.
$666 / Sq. Ft.
4,500
Sq. Ft.
$666
per Sq. Ft.

Description

357 Willow St is an exceptional 10-unit investment opportunity located in the thriving city of San Jose, California. Situated on a parcel of land totaling 6,302 square feet, the subject property features a gross building area of approximately 4,500 square feet, offering tenants beautifully designed one-bedroom floor plans. The subject property provides tenants with convenient amenities such as private parking and an on-site laundry facility. 357 Willow St has also recently undergone extensive capital...357 Willow St is an exceptional 10-unit investment opportunity located in the thriving city of San Jose, California. Situated on a parcel of land totaling 6,302 square feet, the subject property features a gross building area of approximately 4,500 square feet, offering tenants beautifully designed one-bedroom floor plans. The subject property provides tenants with convenient amenities such as private parking and an on-site laundry facility. 357 Willow St has also recently undergone extensive capital improvements including new exterior paint, installation of dual-pane windows, and various upgrades to meet local fire codes. Furthermore, the subject property has recently completed the installation of a new solar energy system. This upgrade features a new PVC membrane roof, a new 15.3kW LG Solar Electric System with 45 LG 340W solar panels, and an upgraded 225A electrical system. Total capital expenditure for this project exceed $135k. The subject property sits near Downtown San Jose, Downtown Willow Glen and is within close proximity to the Target anchored San Jose Market Center, all being home to a myriad of dining, shopping, and entertainment options.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 357 Willow Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 10/22/2024 03:38 PM

Property Details for 357 Willow Street

StatusActive
MLS #ML81984506
Days on Compass69
Taxes$39,275 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1950
Lot Size0.14 AC / 6,302 SF
CountySanta Clara County

Building Information for 357 Willow Street

Stories-Residences-Year Built1950Building Size-Lot Size0.14 AC / 6,302 SF

Property Information for 357 Willow Street

Features
Features
  • Fireplace: No
  • Living SqFt: 4500
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: Other
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Off-Street Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 10
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 357
  • Street Name: Willow
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 4500
  • Structure SqFt Source: Other
  • Age: 74
Development Information
  • Zoning Detail: C2
Location Information
  • Parcel Number: 264-40-067
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95110
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .14
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $39,275
  • Capitalization Rate: 6.01
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,685
  • Expense Landscape: $0
  • Expense Maintenance: $5,000
  • Expense Management: $8,651
  • Expense Trash: $0
  • Expenses Other: $900
  • Expenses Utility: $9,498
  • Expenses Total: $67,009
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 11.77
  • Income Annual Gross: $247,049
  • Income Annual Rental: $250,690
  • Income Gross Scheduled: $254,690
  • Income Other: $4,000
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1

Property History for 357 Willow Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 357 Willow Street

Taxable ValueLand$442,921Additions$664,389Total$1,107,310
Tax Record2024$17,748 ($1,479 / month)
Home Facts
Total Finished SqFt3,685 SqFtAbove Grade Finished SqFt3,685 SqFtStories2Lot Size6,302 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningC2CountySANTA CLARAAPN264-40-067Fireplace TypeHas Fireplace

Schools near 357 Willow Street

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Gardner Elementary School
PublicK to 5

Willow Glen Middle School
Public6 to 8

Willow Glen High School
Public9 to 12

Downtown College Preparatory Middle
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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357 Willow Street is for sale in San Jose, CA 95110. This property was listed for sale on October 22, 2024 by Marcus & Millichap, it's currently listed at $2,998,000. It has been on the market for a total of 69 days and was last sold on January 29, 2010. This listing's school district is San Jose Unified School District. Nearby schools include Gardner Elementary School, Willow Glen Middle School and Willow Glen High School. 357 Willow Street is a 0-bed, 0-bath, 4,500 sqft built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.