Jimmy Castellanos is pleased to present 1183 Bird Avenue, located in the highly desirable Willow Glen neighborhood of San Jose. 1183 Bird Avenue offers a solid investment opportunity due to its location, appreciation potential, reliable income, and low vacancy. Built in 1964 by the original and current owner, the property consists of nine one-bedroom units and one two-bedroom unit, with a total of 5,846 rentable square feet on a 0.23-acre lot. The property’s consistent upkeep and minimal vacancy make it a reliable income-generating asset. Willow Glen is one of San Jose’s most sought-after neighborhoods, known for its strong market demand and community appeal. With a median home price of $1,852,000 year-to-date (according to Zillow), the area highlights the value proposition of this multifamily property, which is priced well below $300,000 per unit. This significant price difference offers a strategic advantage for investors, providing both affordability and the potential for appreciation in a high-demand market.
Property Details
Price:
$2,680,000
MLS #:
ML81979859
Status:
Pending
Baths:
0
Address:
1183 Bird Avenue
Type:
Commercial
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Sep 10, 2024
State:
CA
ZIP:
95125
Year Built:
1964
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Spots
12.00
Roof
Composition
Water Source
Public
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1183 Bird Avenue
San Jose, CA
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