$2,680,000
1183 Bird AVE San Jose, CA 95125
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$2,680,000
Est. payment /mo
5,846 SqFt
Pending
1183 Bird AVE San Jose, CA 95125
UPDATED:
10/29/2024 04:14 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 5,846 sqft
Price per Sqft $458
MLS Listing ID ML81979859
HOA Y/N No
Year Built 1964
Annual Tax Amount $30,793
Lot Size 10,018 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 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 10
Roof Type Composition
Total Parking Spaces 12
Building
Water Public
Schools
Elementary Schools Willow Glen
Middle Schools Willow Glen
High Schools Willow Glen
School District San Jose Unified
Others
Tax ID 42901044
Special Listing Condition Standard
Listed by Jimmy Castellanos • Marcus & Millichap
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