1019 Villa Avenue, San Jose, CA 95126
- $2,199,999
- List Price
- $2,199,999
- Status
- ACTIVE
- MLS#
- ML82061883
- Year Built
- 1957
- Lot Size
- 10,000
- Acres
- 0.23
- Days on Market
- 1
- Property Type
- Commercial
Property Description
Welcome to 1019/1021 Villa Ave, San Jose, CA a unique investment opportunity featuring two separate buildings on one APN, with distinct addresses and multiple income-producing components. 1019 Villa Ave is a 2-bedroom, 1-bathroom single-family residence featuring a full basement with cement construction, offering approximately 1,200 square feet of space. The property provides comfortable living with additional basement space for storage, workspace, or other permitted uses. 1021 Villa Ave is a six-unit multifamily building, with each unit consisting of 1 bedroom and 1 bathroom. The property currently generates approximately $13,935 per month in rental income. Current rents are reportedly below potential market levels, presenting an opportunity to evaluate future rent adjustments and enhance income potential, subject to applicable laws, tenant protections, and market conditions. With seven total residential units across two buildings, this property offers a combination of current cash flow, residential flexibility, and potential long-term upside. The two-address configuration on a single APN creates a distinctive investment profile for buyers seeking an established income-producing asset in San Jose.
Additional Information
- Taxes
- $13,157
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Shingle
- Water
- Public
- School District
- San Jose Unified
- Attached Structure
- Detached
- Gross Scheduled Income
- $167,220
Listing courtesy of Listing Agent: Patrick Carvalho (realtorpatrickcarvalho@gmail.com) from Listing Office: Fathom Realty Group.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.