1672 E San Fernando Street, San Jose, California 95116, San Jose, 95116 - 4 bed, 2 bath
ACTIVE$1,099,999
1672 E San Fernando Street, San Jose, California 95116
4Beds
2Baths
1,430Sqft
5,360Lot
Price Vs. Estimate
The estimated value ($1,010,480.735) is $89,518.265 (8%) lower than the list price ($1,099,999). This property may be overpriced.
Key pros and cons
Top Pros:
Robust Current Income: The property generates a substantial $6,250/month from three distinct rental units, offering immediate and attractive cash flow for investors.
Top Cons:
Potential Non-Conforming Units: The inclusion of a 'converted trailer' and the plan to convert a 'detached storage structure' may raise concerns regarding zoning compliance, permitting, and financing.
Compared to the nearby listings
Price:$1.10M vs avg $1.05M (+$46,999)60%
Size:1,430 sqft vs avg 1,430 sqft50%
Price/sqft:$769 vs avg $72364%
More Insights
Built in 1957 (68 years old).
Condition: The property was built in 1957, making it over 60 years old. While the description mentions 'updated kitchen' and 'modern updates' for the units, and the images show fresh paint and relatively new laminate flooring in some areas, the overall condition leans towards 'Fair'. The visible light fixtures are basic, and the dining area features terracotta tiles which can appear dated. The only bathroom shown (in the converted trailer) is very basic and compact. Without clear images of the main kitchens and bathrooms, and considering the age of the structure, it's likely that major components are functional but show signs of being outdated, fitting the 'Fair' criteria of an aged but maintained property with occasional updates rather than a comprehensive recent renovation.
Year Built
1957
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$769
HOA
-
Days on market
-
Sold On
-
MLS number
ML82020872
Home ConditionFair
Features
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
Fair
The property was built in 1957, making it over 60 years old. While the description mentions 'updated kitchen' and 'modern updates' for the units, and the images show fresh paint and relatively new laminate flooring in some areas, the overall condition leans towards 'Fair'. The visible light fixtures are basic, and the dining area features terracotta tiles which can appear dated. The only bathroom shown (in the converted trailer) is very basic and compact. Without clear images of the main kitchens and bathrooms, and considering the age of the structure, it's likely that major components are functional but show signs of being outdated, fitting the 'Fair' criteria of an aged but maintained property with occasional updates rather than a comprehensive recent renovation.
Pros & Cons
Pros
Robust Current Income: The property generates a substantial $6,250/month from three distinct rental units, offering immediate and attractive cash flow for investors.
Significant Income Upside: A detached storage structure with existing utilities provides a clear opportunity to add up to $2,000/month in additional rental income, enhancing future profitability.
Broad Buyer Appeal: The property is ideal for both seasoned investors seeking strong returns and owner-occupants looking to significantly offset their mortgage costs with rental income.
Updated Living Spaces: Both primary units feature recent updates, including an updated kitchen, wood floors, and modern finishes, which enhance tenant appeal and reduce immediate renovation needs.
Strategic San Jose Location: Situated in San Jose, a high-demand market, the property benefits from strong rental demand and potential for long-term appreciation.
Cons
Potential Non-Conforming Units: The inclusion of a 'converted trailer' and the plan to convert a 'detached storage structure' may raise concerns regarding zoning compliance, permitting, and financing.
Above Market Estimation: The current list price is approximately 6% higher than the property's estimated value, which could limit immediate equity or necessitate a price adjustment to align with market expectations.
Property Age & Maintenance: Built in 1957, the property's age could imply higher ongoing maintenance requirements or the need for future capital expenditures beyond the current cosmetic updates.