101 Oak Street, San Jose, California 95110, San Jose, 95110 - bed, bath
ACTIVE$1,150,888
101 Oak Street, San Jose, California 95110
0Bed
0Bath
1,904Sqft
1,840Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Rental Income: The property boasts a significant annual income of $81,408 ($6,784/month), indicating strong cash flow and a promising return on investment for a multi-unit property.
Top Cons:
Property Age & Potential Maintenance: Built in 1920, the property is over a century old, which may imply aging infrastructure, higher ongoing maintenance costs, and potential for significant capital expenditures in the near future.
Compared to the nearby listings
Price:$1.15M vs avg $1.43M ($-274,112)25%
Size:1,904 sqft vs avg 2,136 sqft50%
Price/sqft:$604 vs avg $56150%
More Insights
Built in 1920 (105 years old).
Condition: Despite being built in 1920, the property has undergone significant and recent renovations, as stated in the description ('Most units have been updated with granite counter tops') and evidenced by the images. The kitchen features modern white shaker cabinets, granite countertops, subway tile backsplash, stainless steel appliances, and recessed lighting. The bathroom also shows contemporary updates with a modern vanity and lighting. The exterior appears well-maintained. These updates make the property move-in ready with no immediate renovation required, aligning with the criteria for a 'Good' condition score, indicating extensive renovation within the last 5-15 years.
Year Built
1920
Close
-
List price
$1.15M
Original List price
$1.19M
Price/Sqft
$604
HOA
-
Days on market
-
Sold On
-
MLS number
ML82000805
Home ConditionGood
Features
View-
About this home
Excellent investment opportunity to own a Tri-PLEX with a Great Location. Makes $6,784 a month, that's $81,408 a year. Unit mix consists of 3-3BED/1BATH & 1-1BED/1BATH. Unit mix consists of 2-2BED/1BATH & 1-4BED/1BATH. Close access to highway 17 and has a shopping center near by. Makes great Rental Income. Minutes away from Cupertino Apple campus as well as other Major Tech Campus's, The Down town San Jose and San Jose Sate University. Most units have been updated with granite counter tops. This one will go fast! Owner willing to accept bitcoins or other cryptocurrencies!
Condition Rating
Good
Despite being built in 1920, the property has undergone significant and recent renovations, as stated in the description ('Most units have been updated with granite counter tops') and evidenced by the images. The kitchen features modern white shaker cabinets, granite countertops, subway tile backsplash, stainless steel appliances, and recessed lighting. The bathroom also shows contemporary updates with a modern vanity and lighting. The exterior appears well-maintained. These updates make the property move-in ready with no immediate renovation required, aligning with the criteria for a 'Good' condition score, indicating extensive renovation within the last 5-15 years.
Pros & Cons
Pros
High Rental Income: The property boasts a significant annual income of $81,408 ($6,784/month), indicating strong cash flow and a promising return on investment for a multi-unit property.
Strategic Location: Its prime location offers excellent access to major tech campuses (e.g., Apple), Downtown San Jose, San Jose State University, Highway 17, and nearby shopping, making it highly attractive to renters.
Multi-Unit Investment: As a triplex, the property provides diversified income streams, mitigating vacancy risk and appealing to investors seeking a stable income-generating asset.
Unit Updates: The description notes that 'most units have been updated with granite countertops,' suggesting modern appeal for tenants and potentially reducing immediate renovation expenses for the buyer.
Investment Opportunity: Explicitly marketed as an 'Excellent investment opportunity,' highlighting its income-generating potential and strategic position in a high-demand rental market.
Cons
Property Age & Potential Maintenance: Built in 1920, the property is over a century old, which may imply aging infrastructure, higher ongoing maintenance costs, and potential for significant capital expenditures in the near future.
Conflicting Unit Configuration: The description provides contradictory information regarding the unit mix ('3-3BED/1BATH & 1-1BED/1BATH' and '2-2BED/1BATH & 1-4BED/1BATH' for a triplex), which creates confusion and requires immediate clarification for accurate valuation and income projections.
Limited Lot Size: With a small lot size of 1840 sqft for a triplex, outdoor space is minimal, which could be a drawback for tenants seeking more amenities or limit future expansion possibilities.