710 South 3rd Street

San Jose, CA 95112

$999,000
Price
Beds
2,306 Sq. Ft.
$433 / Sq. Ft.
2,306
Sq. Ft.
$433
per Sq. Ft.

Description

Welcome to 710 S 3rd Street! This is a rare opportunity to own a well-maintained, income-generating multi-family property in the heart of vibrant downtown San Jose. Spanning 2,306 sq. ft., this Tier 1 building features three spacious 1-bedroom apartments and two charming studio apartments, all with modern amenities. The property boasts six private parking spaces plus ample street parking, offering convenience for residents and guests alike. Ideally located near the SOFA District, San Pedro Square,...Welcome to 710 S 3rd Street! This is a rare opportunity to own a well-maintained, income-generating multi-family property in the heart of vibrant downtown San Jose. Spanning 2,306 sq. ft., this Tier 1 building features three spacious 1-bedroom apartments and two charming studio apartments, all with modern amenities. The property boasts six private parking spaces plus ample street parking, offering convenience for residents and guests alike. Ideally located near the SOFA District, San Pedro Square, and just minutes from major highways, this building provides easy access to the best downtown living, attracting tenants who value comfort and location. This turnkey property has seen consistent upgrades over the past 30 years. Recent improvements include new water heaters, air conditioning and central heating in all units, plumbing upgrades with 1.5-inch pipes, a new foundation, and an updated electrical system. This investment gem offers a stable source of rental income with excellent growth potential. Don't miss the chance to own a superior property in one of San Jose's most desirable areas! You won't want to miss this!
  1. Listed by Ava Li • DRE #02080495 • Brokerage DRE #01354442 • Intero Real Estate Services • 650-885-8905

Property Details for 710 South 3rd Street

MLS City Name
SAN JOSE
Building Type
Other
Complex Name
710 S 3rd Street, San Jose
Style
Victorian
Garage Spaces
0
Parking Spaces
6
LISTING UPDATED: 10/14/2024 04:53 PM

Property Details for 710 South 3rd Street

StatusActive
MLS #ML81981480
Days on Compass29
Taxes$7,470 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1898
Lot Size0.15 AC / 6,480 SF
CountySanta Clara County

Building Information for 710 South 3rd Street

Stories-Residences-Year Built1898Building Size-Lot Size0.15 AC / 6,480 SF

Property Information for 710 South 3rd Street

Features
External Links
Room Information
  • Kitchen: 220 Volt Outlet, Appliances - Vary by Unit, Cooktop - Gas, Countertop - Laminate, Countertop - Tile, Exhaust Fan, Hood Over Range, Oven - Gas, Oven - Self Cleaning, Pantry, Pantry Cabinet, Refrigerator
Features
  • Amenities: High Ceiling
  • Energy Features: Ceiling Insulation, Thermostat Controller, Whole House Fan
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Laundry: None
  • Living SqFt: 2306
  • Pool: No
  • Security Features: Other
  • Special Features: Parking
Utilities
  • Cooling: Central AC, Window / Wall Unit
  • Heating: Central Forced Air - Gas
  • Meters: Master Gas, Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, No Garage, On Street, Parking Area, Tandem Parking, Varies by Unit
Property Details
Homeowners Association
  • HOA Amenities: Additional Storage
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Central San Jose
  • Restrictions: Pets - Allowed
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 710
  • Street Name: 3rd
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 2306
  • Structure SqFt Source: Other
  • Age: 126
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: RM
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 472-27-095
  • 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, Crawl Space
  • Lot Acres: .15
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
  • Yard Grounds: Balcony / Patio, Courtyard, Deck, Fenced, Low Maintenance
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $7,470
  • Capitalization Rate: 7.07
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Other
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,117
  • Expense Landscape: $0
  • Expense Maintenance: $1,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $4,000
  • Expenses Total: $17,587
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair
  • Gross Rent Multiplier: 10.99
  • Income Annual Gross: $88,173
  • Income Annual Rental: $90,600
  • Income Gross Scheduled: $90,900
  • Income Other: $300
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,350
Unit 2 Information
  • Unit 2 Approx Square Footage: 486
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,650
Unit 3 Information
  • Unit 3 Approx Square Footage: 490
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,575
Unit 4 Information
  • Unit 4 Approx Square Footage: 308
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,400
Unit 5 Information
  • Unit5 Full Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 567

Property History for 710 South 3rd 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 710 South 3rd Street

Taxable ValueLand$110,248Additions$166,531Total$276,779
Tax Record2023$7,471 ($623 / month)
Home Facts
Total Finished SqFt1,955 SqFtAbove Grade Finished SqFt1,955 SqFtStories2Lot Size6,480 SqFtStyleMulti-Family Res (5+ Units)Year Built1898Year Renovated1915ZoningRMCountySANTA CLARAAPN472-27-095Fireplace TypeHas Fireplace

Schools near 710 South 3rd 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
Washington 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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710 South 3rd Street is for sale in San Jose, CA 95112. This property was listed for sale on September 24, 2024 by Intero Real Estate Services, it's currently listed at $999,000. This listing's school district is San Jose Unified School District. Nearby schools include Washington Elementary School, Herbert Hoover Middle School and Abraham Lincoln High School. 710 South 3rd Street is a 0-bed, 0-bath, 2,306 sqft built in 1898.

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 Intero Real Estate Services, Ava Li, DRE #02080495

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.