324 N 3rd St - Apartments FOR SALE


San Jose, CA 95112
$1,595,000 USD
408-356-1900
324 N 3rd St, San Jose, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/4
null | 2.86% Cap Rate

324 N 3rd St
San Jose, CA 95112


HIGHLIGHTS

  • Historic Hensley District
  • (2) Large, 3 Bedroom/2 Bath units
  • Ideal Owner Occupied or Rental Opportunity

OVERVIEW

*PROPERTY VIEWING - Friday December 20th, 12-2pm* Located in the Hensley Historic Landmark District of San Jose this unique duplex has two very large three bedroom/two bath units. The property is ideal as either a rental property or an owner-occupied building. The two units each consist of three bedrooms, two full baths, a living room or dining room, a laundry room, storage areas, and ample parking. The units are large, with the downstairs unit (324) approximately 1250 SF in size, and the upstairs unit (326) approximately 1375 SF in size. Please Note: Unit measurements and sizes are approximates. Buyer should verify unit size and square footage to their own satisfaction. The building was constructed in 1910 and although it is located in the Hensley Historic District, the structure is NOT considered an historic landmark. It is classified as only considered a "Contributing Structure" by the City of San Jose. The 3400 SF (as per county records) building was built on a 5,980 SF level lot. The building was constructed on a concrete perimeter foundation with stucco over wood framing. There is a wood structure parking garage/storage area in the rear of the property. Due to the size of the lot, the structure might be eligible for an Additional Dwelling Unit (ADU). Buyer to verify any building plans with the City of San Jose, Planning Department. The units are both in good condition. The downstairs unit (324) was recently remodeled. Unit 324 is on a lease agreement until September 2025, and unit 326 is rented on a month-to-month basis. Both units are near or at market rate rents. Full reports and a disclosure package are available. Contact the listing agent for additional unit photographs, or a private tour of the units.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$469 USD /SF

# OF UNITS

2

PRICE/UNIT

$797,500

CAP RATE

2.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

249-46-028

ASK ABOUT THIS PROPERTY

Michael ShieldsSilicon Valley Multifamily GroupMore Info
408-356-1900

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Michael ShieldsSilicon Valley Multifamily GroupMore Info
408-356-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.