$ 2,680,000
1183 Bird AVE San Jose, CA 95125
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$ 2,680,000
Est. payment /mo
Pending
1183 Bird AVE San Jose, CA 95125
3 Beds
2 Baths
5,846 SqFt
UPDATED:
09/17/2024 10:21 PM
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 5,846 sqft
Price per Sqft $458
MLS Listing ID ML81979859
Bedrooms 3
Full Baths 2
Year Built 1964
Lot Size 10,019 Sqft
Property Description
Jimmy Castellanos is pleased to present 1183 Bird Avenue, located in the highly desirable Willow Glen neighborhood of San Jose. 1183 Bird Avenue offers a solid investment opportunity due to its location, appreciation potential, reliable income, and low vacancy. Built in 1964 by the original and current owner, the property consists of nine one-bedroom units and one two-bedroom unit, with a total of 5,846 rentable square feet on a 0.23-acre lot. The property's consistent upkeep and minimal vacancy make it a reliable income-generating asset. Willow Glen is one of San Jose's most sought-after neighborhoods, known for its strong market demand and community appeal. With a median home price of $1,852,000 year-to-date (according to Zillow), the area highlights the value proposition of this multifamily property, which is priced well below $300,000 per unit. This significant price difference offers a strategic advantage for investors, providing both affordability and the potential for appreciation in a high-demand market.
Location
State CA
County Santa Clara
Area Willow Glen
Building/Complex Name Bird Ave Apartments
Zoning RM
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Exterior
Garage Assigned Spaces, Carport
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 429-01-044
Security Features None
Special Listing Condition Not Applicable
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Listed by Jimmy Castellanos • Marcus & Millichap