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505 S 7th Street

San Jose, CA 95112
  • $985,000
  • STATUS: Closed
  • ON SITE: 161 Days
  • MLS #: ML81909990
Sold - 02/14/2023
$985,000
SOLD - 02/14/2023
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,088
    SQFT
  • $472
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:
Listing Agent(s): Frank Orrell of Compass ((415) 345-3000)


Description

This unique duplex consists of two 2bdr/1ba units and a large barn that could be converted into an ADU. The property sits on the corner of S 7th St and E Williams on a large 6,850 sf lot. This value add investment opportunity allows an investor to increase value through renovations, rental increases, and ADU conversion of the barn in the back area. The location is also near Google's Downtown West Campus and is a high growth area with working professionals and student from SJSU. The property also potentially qualifies for the Mills Act which could reduce the property taxes significantly.

Sold by Allen Tran of Kw Silicon City.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-21T16:31:23.733. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/133817047
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505 S 7th Street San Jose, CA 95112

  • Price: $1,100,000
  • Status: Closed
  • On Site: 161 Days
  • Updated: 66 min ago
  • MLS #: ML81909990
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2,088
SQFT
$472
$/SQFT
1900
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
School District:
San Jose Unified
Property Description
This unique duplex consists of two 2bdr/1ba units and a large barn that could be converted into an ADU. The property sits on the corner of S 7th St and E Williams on a large 6,850 sf lot. This value add investment opportunity allows an investor to increase value through renovations, rental increases, and ADU conversion of the barn in the back area. The location is also near Google's Downtown West Campus and is a high growth area with working professionals and student from SJSU. The property also potentially qualifies for the Mills Act which could reduce the property taxes significantly.
Exterior Features

Carport Spaces 0 Parking Features Unassigned Parking Total 4 Roof Other

Interior Features

Accessibility Features Parking Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Buyer Financing Conventional Cap Rate 1.92 Garage YN No Gross Scheduled Income 43200 Insurance Expense 4502 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 517 Other Expense 824 Possession Close Of Escrow Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 14490 Trash Expense 1712 Water Source Public Zoning Rm



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-21T16:31:23.733. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Frank Orrell of Compass ((415) 345-3000)