630 South 8th Street

San Jose, CA 95112

$1,695,000
Price
Beds
2,880 Sq. Ft.
$589 / Sq. Ft.
2,880
Sq. Ft.
$589
per Sq. Ft.

Description

FAVORABLE SELLER FINANCING AVAILABLE! 630 S 8th St, San Jose, CA 95112 is located in the heart of downtown San Jose. this 5 unit apartment complex has a a diverse unit mix: (1) 1 Bed, 2 Bath, (1) 1 Bed, 1 Bath, and (3) Studio units. The detached garage offers a fantastic opportunity to convert into a 1 Bed, 1 Bath ADU with minimal capital expenditure, making this a highly flexible and lucrative investment. Spanning approximately 2,880 square feet on a 0.24-acre lot, it provides comfortable living...FAVORABLE SELLER FINANCING AVAILABLE! 630 S 8th St, San Jose, CA 95112 is located in the heart of downtown San Jose. this 5 unit apartment complex has a a diverse unit mix: (1) 1 Bed, 2 Bath, (1) 1 Bed, 1 Bath, and (3) Studio units. The detached garage offers a fantastic opportunity to convert into a 1 Bed, 1 Bath ADU with minimal capital expenditure, making this a highly flexible and lucrative investment. Spanning approximately 2,880 square feet on a 0.24-acre lot, it provides comfortable living spaces for tenants while offering investors a steady stream of rental income. Just two blocks from San Jose State University, this property is a magnet for students seeking proximity and convenience. Its low vacancy rate, high rental demand, and potential for cost-effective ADU conversion make it an ideal choice for savvy investors. You're less than a mile from the bustling San Pedro Square and enjoy seamless access to major highways 280, 101, and 680, connecting you to all that San Jose has to offer. Additionally, youll be close to major employers such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and Apple Headquarters. Cap rate is reflective of ADU addition

Listing Agents

  1. Ray Rodriguez

    Ray Rodriguez

    Listing Agent

    Compass

    DRE #01999734

    ray.rodriguez@compass.com

    P: (626)-483-5136

  2. Tony Zizzo

    Tony Zizzo

    Alternative Listing Agent

    Compass

    DRE #01962093

    tony.zizzo@compass.com

    P: (408)-772-8661

Property Details for 630 South 8th Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
2
Parking Spaces
5
LISTING UPDATED: 11/21/2024 11:26 AM

Property Details for 630 South 8th Street

StatusContingent
MLS #ML81982009
Days on Compass56
Taxes$19,476 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1922
Lot Size0.24 AC / 10,361 SF
CountySanta Clara County

Building Information for 630 South 8th Street

Stories-Residences-Year Built1922Building Size-Lot Size0.24 AC / 10,361 SF

Property Information for 630 South 8th Street

Features
Features
  • Fireplace: No
  • Living SqFt: 2880
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Rolled Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 630
  • Street Name: 8th
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 2880
  • Structure SqFt Source: Assessor
  • Age: 102
Development Information
  • Zoning Detail: RM
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 472-24-007
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95112
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .24
  • 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: 5
General Information
  • Annual Tax Amount: $19,476
  • Capitalization Rate: 3.97
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,000
  • Expense Landscape: $0
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $6,170
  • Expenses Utility: $5,579
  • Expenses Total: $39,225
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 15.44
  • Income Annual Gross: $106,506
  • Income Annual Rental: $108,900
  • Income Gross Scheduled: $109,800
  • Income Other: $900
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,900
Unit 2 Information
  • Unit 2 Approx Square Footage: 600
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,100
Unit 3 Information
  • Unit 3 Approx Square Footage: 400
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 0
  • Unit 3 Rent: $1,550
Unit Type 1
  • Unit Type1 Approx SqFt: 650

Property History for 630 South 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 630 South 8th 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
Lowell Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln 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.

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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 Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

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.