Property Overview:
295 N 16th St is a multifamily duplex in Central San Jose, CA 95112, built in 1901. The property offers 1,658 sq. ft. of living space, with 3-4 bedrooms and 2 bathrooms (configuration varies by unit). Features include a parking garage and heating system. The estimated home value is $1,128,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 11.3% (lower than state average of 11.8%).
- Property crime risk: 11.3% (higher than state average of 10.8%).
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Schools:
Nearby schools include ACE Inspire Academy, San Jose High, Empire Gardens Elementary, Horace Mann Elementary, and Burnett Middle School.- Average SAT score: 890 (472 Math, 418 English), below state average of 975.
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Job Market:
- 51.3% blue-collar jobs, 48.7% white-collar jobs.
- Unemployment rate: 5.3% (higher than state average of 4.7%).
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Demographics:
- Community population: 53,247 (11% growth since 2000).
- 57% families with children.
- Largest age group: 25-34 years (19.5%); second largest: 20-24 years (14.79%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 43.0°F (January), 76.3°F (July).
- Average rainfall: 11.4 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $49,290.
- Average annual spending: $42,469.
Property Features:
- Charming, updated duplex in a prime San Jose location.
- Two spacious units, each with private entrance and functional layout.
- Recent updates provide modern comfort while maintaining classic charm.
- Rental income: Each unit generates $3,000/month ($6,000/month total).
- Flexible investment: Live in one unit and rent the other, or rent both for strong cash flow.
- Close to: Downtown San Jose, SJSU, public transit, shopping, and dining.
Location Benefits:
- Desirable, growing neighborhood with a strong family presence.
- Convenient access to schools, employment, and amenities.
- Excellent investment opportunity in one of San Jose’s most sought-after areas.