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627 S 3Rd St San Jose, CA 95112

$1,588,000

9 Beds
3.5 Baths
2,388 Sq.Ft.

For Sale

$1,588,000 Get Pre-Qualified

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Property Overview: 627 S 3Rd St San Jose, CA has 9 bedrooms, 3.5 bathrooms, 2,388 living square feet and 4,250 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: EXCELLENT INCOME PROPERTY! Perfect for investors or income-minded buyers who can live in the building & rent out the rest. The county record shows "use code" as "3-4 units, any combination. Currently, it is used as 9 beds, 4 baths, 3 kitchens +2 dens. The 2-car detached garage is used as a recreational space. Another 4 cars in tandem could park inside the spacious gated yard. MANY UPDATES SINCE 2018, (NCLUDES NEW ROOF, downstairs AC, replaced most of the windows, LVP floor and carpet, 2 tankless water heaters, water softener, SS kitchen appliances, 2 sets of washer/dryer). 3 gas meters & 1 master water meter. Before Covid in 2019, the owner's rent roll with all rooms leased was about $105,000. Reduced vacancy since 2020 to better observe county Covid restriction! 1 of the 9 rooms is a studio w/1 of the 3 kitchens, private bath & entrance! In the heart of Downtown, Walk to San Jose State University, near cafes, restaurants & HWY280! Previous owner used the studio as the owner's unit and rented out the rest for income, future owner could easily use it as a Triplex If they wish, very flexible floor plan. As downtown companies are asking employees to come back in person and university staff & students are back in person, this property is in an excellent position for income growth!

Listed by Jessica Chung Yau | BRE #01406732 | Intero Real Estate Services

Last checked: 2 minutes ago | Last updated: April 20th, 2024 | Source CRMLS | DOM: 22

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Home details

Lot Sq. Ft: 4,250
HOA Dues: $0/mo
Year built: 1898
Garage: 2 Car
Property Type:: Single Family Home

Status: Active
MLS#: ML81959543
City: San Jose
County: Santa Clara
Time on Site: 29 days

Open Houses for 627 S 3Rd St

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Property Details for 627 S 3Rd St

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
Outside

Fireplace Information

No Fireplace

Room Information

Flooring: Carpet, Laminate, Tile
Den

Kitchen Information

Has Appliances
Dishwasher, Microwave, Refrigerator

Bathroom Information

# of Baths (Full): 3
# of Baths (1/2): 1

Exterior Features

Exterior Information

Roof: Shingle

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 4
No Attached Garage

Lot Information

Lot Size Source: Other

Property Information

No View
Common Walls: No Common Walls
Parcel Number: 47226047
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public

Assessment Information

No Assessments

Schools

School Information

High School District: San Jose Unified

Location / Neighborhood

Location Information

Directions: Cross Street: Reed

View more facts & features

Local San Jose Agent

Sale History for 627 S 3Rd St

Last sold for $1,200,000 on October 26th, 2017

April, 2024
Apr 1, 2024

Date

Active

CRMLS: ML81959543

$1,588,000

Price
November, 2023
Nov 29, 2023

Date

Expired

CRMLS: ML81914067

$1,680,000

Price
Dec 7, 2022

Date

Active

CRMLS: ML81914067

$1,780,000

Price
Listing provided courtesy of CRMLS

MAJOR PRICE IMPROVEMENT! EXCELLENT INCOME PROPERTY! Perfect for investor or income-minded buyer who likes to live in the building & rent out the rest. The county record shows "use code" as a 4plex ( 3-4 units, any combination). Currently, it is used as 9 beds, 4 baths, 3 kitchens +2 dens. The 2-car detached garage is used as a recreational space. 3-4 cars in tandem could park inside the gate. Spacious backyard for entertaining. MANY UPDATES SINCE 2018, (NCLUDES NEW ROOF, downstairs AC, replaced most of the windows, LVP floor and carpet, 2 tankless water heaters, water softener, SS kitchen appliances, 2 sets of washer/dryer). 3 gas meters & 1 master water meter. Before Covid in 2019, the owner's rent roll with all rooms leased was about $105,000. Reduced vacancy since 2020 to better observe county Covid restriction! 1 of the 9 rooms is a studio w/1 of the 3 kitchens, private bath & entrance! In the heart of Downtown, Walk to San Jose State University, near cafes, restaurants & HWY280!

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October, 2017
Oct 27, 2017

Date

Sold

CRMLS: ML81680413

$1,200,000

Price
Oct 16, 2017

Date

Pending

CRMLS: ML81680413

$1,225,000

Price
Oct 5, 2017

Date

Active

CRMLS: ML81680413

$1,225,000

Price
Listing provided courtesy of CRMLS

Colonial Revival style two story home, conveniently located downtown with easy access to parks, restaurants and public transportation. Nine bedrooms plus an additional room upstairs that has its own adjoining kitchen and bathroom and could be used as a guest or in-law unit as it has a separate entrance and can be closed off from the rest of the house. Potential for one more separate unit upstairs as well, with its own entrance. There are four bathrooms, two downstairs and two upstairs. And three kitchens, one downstairs and two upstairs. This beautiful home has so much potential and is waiting for your finishing touches. Just blocks away from SJSU!

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October, 2017
Oct 26, 2017

Date

Sold (Public Records)

Public Records

$1,200,000

Price
August, 2017
Aug 9, 2017

Date

Canceled

CRMLS: ML81647469

$1,075,000

Price
Apr 19, 2017

Date

Active

CRMLS: ML81647469

$1,075,000

Price
Listing provided courtesy of CRMLS

Stately Victorian 2 blocks to San Jose State University. Property consists of 10 Rooms and (1) Studio. Excellent in-place returns with a going-in 7.08% CAP Rate with upside to achieve 8.25%+ CAP Rate! This property is listed in conjunction with 129 E. Julian Street, 620 S. 3rd Street (directly across the street), and 756 S. 3rd Street which can be bought as a portfolio or individually.

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August, 2016
Aug 16, 2016

Date

Expired

CRMLS: ML81580561

$1,198,000

Price
Apr 15, 2016

Date

Active

CRMLS: ML81580561

$1,198,000

Price
Listing provided courtesy of CRMLS

Stately Victorian 2 blocks to San Jose State University. Property consists of 10 Rooms and (1) Studio. Studio currently occupied by owner. Excellent in-place returns with upside to achieve 6.72% CAP Rate and 10.24 GRM. This property is listed in conjunction with 129 E. Julian Street, 620 S. 3rd Street (directly across the street), and 756 S. 3rd Street which can be bought as a portfolio or individually.

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April, 2009
Apr 1, 2009

Date

Expired

CRMLS: ML80815025

$775,000

Price
Jun 12, 2008

Date

Active

CRMLS: ML80815025

$775,000

Price
Listing provided courtesy of CRMLS

Legally is a 3 unit apartment building, operated as a rooming house;10 rooms $500-$600 and 1 studio $850, 3 kitchens and 4 bathrooms,central heat,three electric and gas meters 2 car garage and 1 open parking.Owner pays all the utilities,six months leases.Possible to get a residential loan with 20% down payment.Take a look from outside,make offer subject to inspection.Please do not disturb tenants.

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October, 2006
Oct 31, 2006

Date

Expired

CRMLS: ML80634416

$870,000

Price
Jun 7, 2006

Date

Active

CRMLS: ML80634416

$870,000

Price
Listing provided courtesy of CRMLS

Unit Mix: (10) rooms and (1) studio, Outstanding Return on Investment!!! Centrally located near Downtown San Jose, San Jose State University, the Shark Tank, and several retail shops and restaurants. Close to HWY 17, 101 & I-280.

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January, 2005
Jan 19, 2005

Date

Sold (Public Records)

Public Records

$550,000

Price
January, 2005
Jan 19, 2005

Date

Sold

CRMLS: ML80434547

$550,000

Price
Nov 19, 2004

Date

Active

CRMLS: ML80434547

$573,000

Price
Listing provided courtesy of CRMLS

You Choose! Large Home, Tri-plex or? Built in 1898 with high ceilings & charm Huge potential for restoration in an area downtown and near SJSU. Lot Zoned R4 3 distinct units (3 PG&E meters, 3 kitchens,3 baths etc) used as family home

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January, 2005
Jan 19, 2005

Date

Sold

CRMLS: ML80434547

$550,000

Price
Nov 19, 2004

Date

Active

CRMLS: ML80434547

$573,000

Price
Listing provided courtesy of CRMLS

You Choose! Large Home, Tri-plex or? Built in 1898 with high ceilings & charm Huge potential for restoration in an area downtown and near SJSU. Lot Zoned R4 3 distinct units (3 PG&E meters, 3 kitchens,3 baths etc) used as family home

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Tax History for 627 S 3Rd St

Assessed Value (2020): $1,248,480

Year	Land Value	Improved Value	Assessed Value
2020	$873,936	$374,544	$1,248,480

Home Value Compared to the Market

This property vs the competition

627 S 3Rd St is listed 38.09% higher than the median list price for the city of San Jose which has a median list price of $1,150,000. The median price per/sqft for San Jose is $737 and this home is listed at $664.99 per/sqft which puts the price per square foot 9.77% lower than the median price per square foot for the city of San Jose.

About 627 S 3Rd St

Detailed summary of property

627 S 3Rd St is a single family home located in San Jose, CA 95112 and is currently for sale. This house offers 9 bedrooms, 3.5 bathrooms, roughly 2,388 living square feet, and sits on an approximately 4,250 square foot lot. 627 S 3Rd St was first listed on ArdentRealEstateGroup.com on April 1, 2024. The homeowner is currently asking $1,588,000. The median priced home in San Jose is $1,150,000 with a median price per square foot of $737. Based on Ardent Real Estate Group's San Jose Market Data, this home is listed 38.09% higher than the median priced home. While the average home in San Jose, CA is selling in 251 days, 627 S 3Rd St has a days on market of 22 days. There are currently 3605 homes for sale in the San Jose real estate market and 2485 of them are single family homes while 671 of them are condos and 445 are townhomes. For more information on this home for sale at 627 S 3Rd St San Jose, CA 95112 contact Ardent Real Estate Group and we will put you in touch with one of our San Jose agents.

Public Facts for 627 S 3Rd St

Public county record property details

Beds: --
Baths: --
Year built: 1898
Sq. Ft.: 2,388
Lot Size: 4,250
Stories: 2

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Santa Clara
Lot#: --
APN: 472-26-047

The source for these homes facts are from public records.

95112 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$855,000

Median List Price/Sq.Ft.

$602

Median Sold Price

$900,000

Median Sold Price/Sq.Ft.

$737

Total Inventory

139

Median Sale to List Price %

96.26%

Avg Days on Market

Loan Type

Conventional (86.67%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

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San Jose Agent
Call, Text or Message

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.