Estimated payment $7,004/month
About This Home
Significant $103K price improvement. A rare chance to secure a low rate assumable FHA loan (buyer must qualify) and step into an income producing property in the heart of San Jose. Opportunities like this are increasingly scarce; especially one that can immediately help offset housing costs through rental income or a flexible live one/rent one setup. Whether you're building your portfolio or entering homeownership with built in income support, this property stands out as a compelling, high value opportunity in today's market; especially with the advantage of a below market assumable rate. Located near downtown San Jose, major employers, transit, parks, and everyday conveniences, this central corridor remains popular with renters and supports consistent rental demand. Residents appreciate the walkability, nearby amenities, and quick access to shopping, dining, and freeway connections, making this location both practical and desirable. Whether you're expanding your portfolio or entering homeownership through a flexible setup, this property offers meaningful value for both investors and owner occupants.
Property Details
Home Type
- Multi-Family
Year Built
- 1955
Parking
- 2 Car Attached Garage
- On-Street Parking
Home Design
- Duplex
- Slab Foundation
- Composition Roof
Interior Spaces
- 1,474 Sq Ft Home
- 1-Story Property
- Laminate Flooring
Utilities
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
Community Details
Overview
Building Details
- 2 Leased Units
- Gardener Expense $35
- Insurance Expense $945
- Operating Expense $16,626
- Gross Income $65,732
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,190 | $1,140,797 | $1,034,677 | $106,120 |
| 2024 | $15,190 | $1,118,430 | $1,014,390 | $104,040 |
| 2023 | $14,883 | $1,096,500 | $994,500 | $102,000 |
| 2022 | $2,945 | $56,759 | $14,773 | $41,986 |
| 2021 | $1,683 | $55,647 | $14,484 | $41,163 |
| 2020 | $1,666 | $55,077 | $14,336 | $40,741 |
| 2019 | $1,631 | $53,998 | $14,055 | $39,943 |
| 2018 | $1,605 | $52,940 | $13,780 | $39,160 |
| 2017 | $1,581 | $51,903 | $13,510 | $38,393 |
| 2016 | $1,453 | $50,887 | $13,246 | $37,641 |
| 2015 | $1,418 | $50,124 | $13,048 | $37,076 |
| 2014 | $1,313 | $49,143 | $12,793 | $36,350 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/11/2026 05/11/26 | Price Changed | $1,075,000 | -8.7% | $729 / Sq Ft |
| 03/27/2026 03/27/26 | For Sale | $1,178,000 | -- | $799 / Sq Ft |
Source: MLSListings
MLS Number: ML82040543
APN: 434-06-045
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