Off Market Listing: 8% Cap Rate 3-unit Rental in San Jose, CA

[Linda Lo]

Convenient Location:

Walking distance to Target, Starbucks, restaurants, shops, 24 hr Fitness, schools, VTA station, medical center..etc.

12 min drive to planned Google Tech Village. (see links provided below)

Total 3 units on a large lot (over 8000 sqft):

1st unit:

2 bed/2 bath

Crown molding, double pane windows, wood floor, tile floor, fireplace in living room, granite kitchen counter-tops...etc.

Market rent is ~$2600/month

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2nd unit:

2 bed/1 bath

Double pane windows, wood floor, tile floor, granite counter-tops in kitchen and bath

Market rent is ~ $2200/month

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3rd unit:

1 bed/1 bath

Double pane windows

Market rent for is ~ $1500/month

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Total potential monthly rent = $6300

Asking for $800K

Large lot (over 8000 sqft lot), tons of room for future expansion!

Great for house hacking, live in one unit and rent out the other two units to pay for the mortgage!! Or keep this high cap rate rental as retirement cash cow!! Also perfect for AirBnB with its convenient location!

This property is NOT subject to City rent control.

With Google planning to build a Mega Tech Village and the new Bart lines soon connecting VTA & Caltrain in San Jose, making San Jose a giant high tech transit hub, property value and rent in San Jose will likely skyrocket.

http://www.eastbaytimes.com/2017/06/06/google-san-jose-craft-search-giants-downtown-expansion

http://www.mercurynews.com/2017/06/23/google-village-million-square-foot-downtown-san-jose-tech-campus/

http://sanfrancisco.cbslocal.com/2017/06/20/google-tech-campus-san-jose-city-council/

Please contact me at [email protected] or call/text at (408) 410-7530