$1,237,500
SOLD JUN 13, 2024

847 S 3rd St San Jose, CA 95112

Spartan-Keyes Neighborhood
5 Beds
3 Baths
2,008 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$616 Per Sq Ft

15% Above List Price

14 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Fenced
  • High Ceiling
  • Washer and Dryer
  • Back Yard

About This Home

As of June 2024

Ready to boost your PASSIVE INCOME? Don't pass up the RARE OPPORTUNITY to seize this perfectly located multi-family home, nestled in the heart of Downtown San Jose. This property boasts 2-units, with the potential for expansion to 4-units (with reserved space and easily upgradable electrical panel). Each unit is flooded with natural light, complemented by a welcoming front porch, elegant wood flooring, and in-unit washer/dryer. The spacious kitchens feature top-name appliances, granite countertops and ample cabinet space. Bedrooms offer abundant light and individual closets. To top it all off, a generously sized backyard and private carport. A little more about the location, you're mere steps from Downtown's vibrant scene, featuring a plethora of restaurants, bars, parks, tech companies, San Jose State University (SJSU) and the renowned Sap Center for concerts and San Jose Sharks games. With easy access to highways 87, 280/680 and Caltrain/Light Rail, commuting is a breeze. Do Not miss the chance to own this profitable prize. It will go FAST! - UNIT 1: 2 BED / 1 BATH - $2,300 (monthly generated income) - UNIT 2: 3 BED / 2 BATH - $2,800 (monthly generated income)

Last Agent to Sell the Property

Renna Shee

Compass License #01906557 Listed on: 04/16/2024

Compass

Last Buyer's Agent

Huy Han

KW Silicon City License #02055790

KW Silicon City

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,008 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Wood Flooring
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Disposal

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $51,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,171
  • Utility Expense $1,634
  • Operating Expense $10,689
  • Gross Income $51,000

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Zoning: R4
  • Subclass: Duplex
  • Age: 124
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Kitchen: Cooktop - Electric, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Refrigerator
  • Living Sq Ft: 2008
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Schools

  • School District: San Jose Unified
  • Elementary School: Washington Elementary
  • Middle School: Herbert Hoover Middle
  • High School: Abraham Lincoln High
  • High School: 347
  • Elementary School: 378
  • Middle School: 340

Lot Info

  • Lot Acres: 0.2200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9583.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9583.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 21.18
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1171
  • Expenses Total: 10689
  • Expenses Utility: 1634
  • Income Annual Gross: 51000.00
  • Income Annual Rental: 51000
  • Income Gross Scheduled: 51000
  • Meters: Master Gas, Master Water
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric, Utilities - Water

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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
06/13/2024 06/13/24 Sold $1,237,500 +14.6% $616 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
04/25/2024 04/25/24 For Sale $1,080,000 0.0% $538 / Sq Ft
04/22/2024 04/22/24 Pending -- -- --
04/16/2024 04/16/24 For Sale $1,080,000 -- $538 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Renna Shee

    Seller's Agent in 2024

    Renna Shee

    Compass

    (650) 823-8003

    1 in this area

    219 Total Sales

    Section Image
  • Huy Han

    Buyer's Agent in 2024

    Huy Han

    KW Silicon City

    (408) 789-8989

    1 in this area

    44 Total Sales

    Huy Han
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81961909

MLSListings

APN: 472-17-081

California Santa Clara County San Jose 95112 Spartan-Keyes

847 S 3rd St, San Jose, CA

This home is located at 847 S 3rd St, San Jose, CA 95112 and is currently priced at $1,237,500, approximately $616 per square foot. This property was built in 1900. 847 S 3rd St is a home located in Santa Clara County with nearby schools including Washington Elementary School, Herbert Hoover Middle School, and Abraham Lincoln High.

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