1672 E San Fernando Street, San Jose, California 95116, San Jose, 95116 - bed, bath
ACTIVE$1,149,000
1672 E San Fernando Street, San Jose, California 95116
0Bed
0Bath
1,430Sqft
5,360Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Income Generation: Currently generating $6,250/month from three distinct units, providing immediate and substantial cash flow for an investor or owner-occupant.
Top Cons:
Non-Traditional Rental Unit: The 'converted trailer' as a rental unit may present challenges with financing, insurance, or long-term regulatory compliance, and could be perceived as a less stable or desirable asset compared to traditional units.
Compared to the nearby listings
Price:$1.15M vs avg $1.09M (+$54,500)50%
Size:1,430 sqft vs avg 1,653 sqft17%
Price/sqft:$803 vs avg $59067%
More Insights
Built in 1957 (68 years old).
Condition: Despite being built in 1957, the property has undergone significant updates as described and evidenced in the images. The bathroom features modern subway tile, hexagon floor tiles, and contemporary black fixtures, indicating a recent renovation. The kitchen has updated gray cabinets, a clean tiled backsplash, and a modern faucet, making it functional and presentable, though the white appliances and tile style are not ultra-modern. Hardwood or laminate flooring is present in living areas and bedrooms, appearing well-maintained. The property is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Year Built
1957
Close
-
List price
$1.15M
Original List price
$1.1M
Price/Sqft
$803
HOA
-
Days on market
-
Sold On
-
MLS number
ML82014929
Home ConditionGood
Features
Patio
View-
About this home
Great income-producing duplex with additional converted trailer on a large lot. The front unit is a 2-bedroom, 1-bath with updated kitchen, wood floors, and spacious layout, currently rented for $2,800/month. The back unit is a 1-bedroom, 1-bath with modern updates, rented for $2,150/month. The converted trailer in the rear is rented at $1,300/month. Total rental income of $6,250/month. Detached storage structure already has water, sewer, and utilities connected easy to convert for up to $2,000/month in additional income! Ideal for investors or owner-occupants looking to offset mortgage costs. Significant upside potential on a flexible-use, casual property.
Condition Rating
Good
Despite being built in 1957, the property has undergone significant updates as described and evidenced in the images. The bathroom features modern subway tile, hexagon floor tiles, and contemporary black fixtures, indicating a recent renovation. The kitchen has updated gray cabinets, a clean tiled backsplash, and a modern faucet, making it functional and presentable, though the white appliances and tile style are not ultra-modern. Hardwood or laminate flooring is present in living areas and bedrooms, appearing well-maintained. The property is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons
Pros
Exceptional Income Generation: Currently generating $6,250/month from three distinct units, providing immediate and substantial cash flow for an investor or owner-occupant.
Significant Upside Potential: The detached storage structure, already plumbed and wired, offers a clear and stated path to an additional $2,000/month in income upon conversion, boosting future profitability.
Multiple Diverse Rental Units: Features a traditional duplex (2-bed/1-bath and 1-bed/1-bath) plus a converted trailer, diversifying income streams and potentially reducing vacancy risk.
Updated Interior Finishes: Both primary units boast recent updates, including an updated kitchen, wood floors, and modern finishes, enhancing tenant appeal and reducing immediate renovation needs.
Versatile Investment Opportunity: Ideal for both pure investors seeking high returns and owner-occupants looking to significantly offset mortgage costs, broadening the potential buyer pool.
Cons
Non-Traditional Rental Unit: The 'converted trailer' as a rental unit may present challenges with financing, insurance, or long-term regulatory compliance, and could be perceived as a less stable or desirable asset compared to traditional units.
Age of Property & Potential Infrastructure Concerns: Built in 1957, the property's age suggests that underlying infrastructure (e.g., plumbing, electrical, roof) may be original and could require significant capital expenditures in the near future, despite interior cosmetic updates.
'Casual Property' Description Ambiguity: The description's use of 'casual property' could imply non-standard construction, potential deferred maintenance, or a less formal overall condition, which might deter buyers seeking a more conventional or turn-key asset.