$1,260,000
SOLD APR 8, 2025
5 Beds
3 Baths
2,344 Sq Ft
10,123 Sq Ft Lot

Recently Sold

$538 Per Sq Ft

3% Above List Price

6 Days on Market

About This Home

As of April 2025

Charming Tri-Plex Near Downtown Fantastic Investment Opportunity! Located in the heart of a vibrant neighborhood of Burbank near downtown, this tri-plex offers incredible potential for investors or owner-occupiers looking to take advantage of the prime location and strong rental market. Situated on a spacious 10,125 sq. ft. lot, the property features 2 units with 2 bed & 1 bath each, as well as a 1-bed, 1-bath unit. With a total building square footage of 2,236 sq. ft. this property offers ample space for comfortable living and strong rental income potential. Additionally, the property offers on-site parking, a rare feature in this highly sought-after area. Each unit is thoughtfully designed, providing ample living space and functional layouts with front and back door entries. The units are fully rented just below market rates and occupied by long-term tenants, providing immediate rental income. There is some deferred maintenance, offering an opportunity for a new owner to add their personal touch and increase the value over time. Centrally located 2 blocks from Google Village Downtown Campus and Transit Corridor! Less than 3 miles from Santana Row, Valley Fair, San Jose Airport and Valley Medical Center. It's at the heart of the Silicon Valley.

Last Agent to Sell the Property

Diana Navarro

Intero Real Estate Services License #01374782 Listed on: 03/01/2025

Intero Real Estate Services

Last Buyer's Agent

Diana Navarro

Intero Real Estate Services License #01374782 Listed on: 03/01/2025

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1954

Lot Details

  • 10,123 Sq Ft Lot

Parking

  • Covered Parking

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,344 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $78,468

Community Details

Overview

  • 2,344 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $2,310
  • Insurance Expense $1,909
  • Maintenance Expense $1,026
  • Other Expense $3,000
  • Trash Expense $1,821
  • Operating Expense $20,495
  • Gross Income $78,468

Property Details

Home Type

Multi-Family

Year Built

1954

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Age: 71
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2344
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Living Sq Ft: 2344
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Common Parking Area, Parking Area

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.2324
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10125.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10125.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.61
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1909
  • Expense Landscape: 2310
  • Expense Maintenance: 1026
  • Expenses Other: 3000
  • Expenses Total: 20495
  • Expense Trash: 1821
  • Income Annual Gross: 78468.00
  • Income Annual Rental: 78468
  • Income Gross Scheduled: 78468
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Professional Services, Maintenance - Exterminator, Services - Gardener, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 1

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Sold $1,260,000 +2.9% $538 / Sq Ft
03/08/2025 03/08/25 Pending -- -- --
03/01/2025 03/01/25 For Sale $1,225,000 -- $523 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81996090

MLSListings

APN: 277-19-030