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San Jose, CA 95125,1183 Bird AVE
San Jose, CA 95125,1183 Bird AVE
San Jose, CA 95125,1183 Bird AVE
$2,900,000
Est. payment /mo
$2,680,000
8.2%
Est.Price: ?

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10,018 Sqft Lot
SOLD DATE : 11/12/2024

Key Details

Sold Price $2,900,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81979859

Year Built 1964

Annual Tax Amount $30,793

Lot Size 10,018 Sqft

Property Description

Jimmy Castellanos is pleased to present 1183 Bird Avenue, located in the highly desirable Willow Glen neighborhood of San Jose. 1183 Bird Avenue offers a solid investment opportunity due to its location, appreciation potential, reliable income, and low vacancy. Built in 1964 by the original and current owner, the property consists of nine one-bedroom units and one two-bedroom unit, with a total of 5,846 rentable square feet on a 0.23-acre lot. The property's consistent upkeep and minimal vacancy make it a reliable income-generating asset. Willow Glen is one of San Jose's most sought-after neighborhoods, known for its strong market demand and community appeal. With a median home price of $1,852,000 year-to-date (according to Zillow), the area highlights the value proposition of this multifamily property, which is priced well below $300,000 per unit. This significant price difference offers a strategic advantage for investors, providing both affordability and the potential for appreciation in a high-demand market.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Exterior

Roof Type Composition

Building

Water Public

Schools

Elementary Schools Willow Glen

Middle Schools Willow Glen

High Schools Willow Glen

School District San Jose Unified

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jimmy Castellanos • Marcus & Millichap
Bought with Jimmy Castellanos • Marcus & Millichap
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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