431 E Saint John Street, San Jose, California 95112, San Jose, 95112 - bed, bath
ACTIVE$2,260,000
431 E Saint John Street, San Jose, California 95112
0Bed
0Bath
5,069Sqft
7,590Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & High Demand: Situated in vibrant downtown San Jose, the property offers convenient access to Japan Town, San Jose State University, SAP Center, and major tech employers like Adobe, Cisco, Zoom, eBay, and PayPal, ensuring strong tenant demand and potential for appreciation.
Top Cons:
Age of Property & Potential System Updates: Built in 1963, while well-maintained, the core systems (e.g., plumbing, electrical, HVAC) may be original or older, potentially requiring significant capital expenditure for upgrades in the future.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1963 (62 years old).
Condition: Built in 1963, this multi-family property has received significant recent updates including new dual-pane windows, fresh exterior paint, and a paver driveway. While some units retain older kitchen and bathroom styles with dated appliances and carpet, other units showcase recent renovations with modern tile flooring, updated vanities, and contemporary bathroom finishes. The property is described as 'well-maintained' and a 'turnkey investment,' indicating it is move-in ready for tenants. The mix of older but functional elements and recent, substantial upgrades positions it as 'Good' rather than 'Fair', as it exceeds basic maintenance and includes significant system and aesthetic improvements.
Year Built
1963
Close
-
List price
$2.26M
Original List price
$2.26M
Price/Sqft
$446
HOA
-
Days on market
-
Sold On
-
MLS number
ML82024120
Home ConditionGood
Features
View-
About this home
Exceptional turnkey investment property available at 431 E. Saint. John St., San Jose, which is located in the vibrant downtown San Jose, a few blocks from Japan Town, San Jose State University, nearly SAP Center, San Jose International Airport, etc. This well-maintained multi-family property presents excellent income with high housing demand. Currently, the property is rented to long-term tenants and features six units, three with 2 bedrooms/1 bathroom, two with 1 bedroom/1 bath, one with 3 bedrooms/2 baths, and one storage room. On-site coin op laundry. New dual pane windows, fresh exterior paint, paver driveway, 6-car carport. This prime location offering residents convenient access to local attractions, shopping centers, restaurants, parks, schools, and many hi-tech employment opportunities with large employers like Adobe, Cisco, Zoom, Ebay, and Paypal, etc.
Nearby schools
4/10
Horace Mann Elementary School
Public,•K-5•0.2mi
2/10
Grant Elementary School
Public,•K-5•0.7mi
3/10
Lowell Elementary School
Public,•K-5•0.9mi
2/10
Selma Olinder Elementary School
Public,•K-5•0.9mi
4/10
Empire Gardens Elementary School
Public,•K-5•0.9mi
4/10
Washington Elementary School
Public,•K-5•1.4mi
4/10
Gardner Elementary School
Public,•K-5•1.6mi
4/10
Merritt Trace Elementary School
Public,•K-5•2.5mi
4/10
Peter Burnett Middle School
Public,•6-8•1.3mi
3/10
Herbert Hoover Middle School
Public,•6-8•2.3mi
6/10
Orchard Elementary School
Public,•K-8•3.3mi
5/10
Willow Glen Middle School
Public,•6-8•3.6mi
3/10
San Jose High School
Public,•9-12•0.9mi
6/10
Independence High School
Public,•9-12•2.2mi
5/10
Abraham Lincoln High School
Public,•9-12•2.4mi
6/10
Willow Glen High School
Public,•9-12•3.6mi
Condition Rating
Good
Built in 1963, this multi-family property has received significant recent updates including new dual-pane windows, fresh exterior paint, and a paver driveway. While some units retain older kitchen and bathroom styles with dated appliances and carpet, other units showcase recent renovations with modern tile flooring, updated vanities, and contemporary bathroom finishes. The property is described as 'well-maintained' and a 'turnkey investment,' indicating it is move-in ready for tenants. The mix of older but functional elements and recent, substantial upgrades positions it as 'Good' rather than 'Fair', as it exceeds basic maintenance and includes significant system and aesthetic improvements.
Pros & Cons
Pros
Prime Location & High Demand: Situated in vibrant downtown San Jose, the property offers convenient access to Japan Town, San Jose State University, SAP Center, and major tech employers like Adobe, Cisco, Zoom, eBay, and PayPal, ensuring strong tenant demand and potential for appreciation.
Turnkey Investment with Stable Income: Described as an 'exceptional turnkey investment property' with 'excellent income' from 'long-term tenants,' indicating immediate cash flow and reduced management hassle for a new owner.
Multi-Unit Configuration: The property features six diverse units (three 2B/1B, two 1B/1B, one 3B/2B), catering to a broad tenant base, diversifying income streams, and reducing vacancy risk.
Recent Exterior Upgrades: Recent improvements such as new dual pane windows, fresh exterior paint, a paver driveway, and a 6-car carport enhance curb appeal, reduce immediate maintenance needs, and improve energy efficiency.
On-Site Amenities: The inclusion of on-site coin-operated laundry and dedicated carport parking adds significant convenience for tenants and provides potential for additional revenue streams.
Cons
Age of Property & Potential System Updates: Built in 1963, while well-maintained, the core systems (e.g., plumbing, electrical, HVAC) may be original or older, potentially requiring significant capital expenditure for upgrades in the future.
Lack of Detailed Interior Unit Condition: The description lacks specific details on the interior condition and finishes of the individual units, which could imply outdated aesthetics or hidden maintenance needs that might impact rental value or future renovation costs.
Potential for Rent Control Impact: Located in San Jose, the property is likely subject to local rent control ordinances, which could limit future rental income growth and impact long-term investment returns for a multi-family property.