1672 E San Fernando Street, San Jose, California 95116, San Jose, 95116 - bed, bath
ACTIVE$1,099,000$1,430/sqft
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:
Immediate & Substantial Rental Income: The property is fully occupied with tenants in place, generating a total monthly income of $6,250 from three distinct units, providing immediate and robust cash flow for an investor.
Top Cons:
Unconventional Third Unit: The inclusion of a 'fully converted trailer' as a rental unit may present challenges regarding legality, permitting, financing, insurance, and long-term maintenance compared to traditional structures.
Compared to the nearby listings
Price:$1.10M vs avg $1.07M (+$29,500)50%
Size:1,430 sqft vs avg 1,875 sqft25%
Price/sqft:$769 vs avg $59075%
More Insights
Built in 1957 (69 years old).
Condition: The primary duplex units have been recently remodeled, featuring updated kitchens with modern cabinets, countertops, and appliances (Unit 1) or well-maintained older styles (Unit 2), and renovated bathrooms with contemporary fixtures and tiling. Flooring throughout the main units appears to be new hardwood/laminate. While the property was built in 1957, the significant recent updates make the living spaces move-in ready with minimal wear and tear. The converted trailer also appears functional and recently refreshed for its type. The overall condition of the visible living areas is good, despite the underlying age of the property.
Year Built
1957
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$769
HOA
-
Days on market
-
Sold On
-
MLS number
ML82030231
Home ConditionGood
Features
Patio
View-
About this home
Well-maintained duplex with an additional fully converted trailer on a large lot in San Jose. The property is fully occupied and sold with tenants in place, providing immediate rental income. The front unit is a 2-bedroom, 1-bath rented for $2,800/month. The rear unit is a 1-bedroom, 1-bath rented for $2,150/month. The detached trailer is rented for $1,300/month, for total monthly income of $6,250. Both primary units have been recently remodeled. Leases are month-to-month, offering flexibility for future strategy. The property includes a garage with potential to convert into an ADU, adding upside.
E
Eva Panina
Listing Agent
Price History
Date
Event
Price
09/25/15
Sold
$104,000
Condition Rating
Good
The primary duplex units have been recently remodeled, featuring updated kitchens with modern cabinets, countertops, and appliances (Unit 1) or well-maintained older styles (Unit 2), and renovated bathrooms with contemporary fixtures and tiling. Flooring throughout the main units appears to be new hardwood/laminate. While the property was built in 1957, the significant recent updates make the living spaces move-in ready with minimal wear and tear. The converted trailer also appears functional and recently refreshed for its type. The overall condition of the visible living areas is good, despite the underlying age of the property.
Pros & Cons
Pros
Immediate & Substantial Rental Income: The property is fully occupied with tenants in place, generating a total monthly income of $6,250 from three distinct units, providing immediate and robust cash flow for an investor.
Value-Add Potential (ADU Conversion): The existing garage offers a clear opportunity for conversion into an Accessory Dwelling Unit (ADU), which could significantly increase the property's overall rental income and market value.
Flexible Lease Structure: All leases are month-to-month, providing the new owner with strategic flexibility for future management, including potential rent adjustments, tenant changes, or planning for owner-occupancy.
Recently Remodeled Primary Units: Both primary duplex units have undergone recent remodels, suggesting updated interiors, reduced immediate maintenance needs, and enhanced appeal for current and future tenants.
Diversified Income Streams: With a duplex and an additional converted trailer, the property offers three separate income-generating units, diversifying rental income and mitigating vacancy risk compared to a single-unit investment.
Cons
Unconventional Third Unit: The inclusion of a 'fully converted trailer' as a rental unit may present challenges regarding legality, permitting, financing, insurance, and long-term maintenance compared to traditional structures.
Age of Property: Built in 1957, the property's underlying infrastructure (e.g., plumbing, electrical, roof) may be older, potentially requiring significant capital expenditures for upgrades or repairs in the future, despite recent unit remodels.
Tenant-Occupied Sale Complexities: Selling with tenants in place can complicate the transaction process, including property access for showings and inspections, and may limit the buyer pool, particularly for owner-occupants.