Property Overview:
Buena Vista 3 Units is a multi-unit residential property in a prime location with spectacular views of the Bay and Downtown. The property includes 3 units:
- Top floor flat: 1 bedroom, combined dining and living room.
- Middle floor flat: 2 bedrooms, living room facing Buena Vista Park, and dining room.
- Lower unit: 1 bedroom, 3 rooms total, with Bay views.
Additional features include a 1-car garage, basement, and 4 electric meters (including a house meter). The property has not been upgraded or remodeled in some time, making it a contractor/developer special.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 8% (lower than state average of 11.8%).
- Property crime risk: 7.9% (lower than state average of 10.8%).
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Schools:
Nearby schools include Joseph Weller Elementary (7/10), Thomas Russell Middle (9/10), and Milpitas High (8/10).- Average SAT score: 1015 (higher than state average of 975).
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Job Market:
- 62.2% white-collar jobs, 37.8% blue-collar jobs.
- Unemployment rate: 3.4% (lower than state average of 4.7%).
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Demographics:
- Community population: 58,229 (25% growth since 2000).
- 80% families with children.
- Largest age group: 25-34 years (16.33%).
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 45.2°F (January), 76.9°F (July).
- Average rainfall: 10.7 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $98,135.
- Average annual spending: $67,221.
Property Features:
- Deep lot with potential for upgrades or redevelopment.
- Spectacular views of the Bay and Downtown.
- 3R report notes occupancy as unknown.
- Great location with easy freeway access and nearby amenities.
Location Benefits:
- Walking distance to top-rated schools and parks.
- Close to Silicon Valley tech companies, shopping, and restaurants.
- Commuter-friendly: Easy access to highways 680, 237, 880, and BART.
- Perfect for developers, contractors, or those seeking a prime investment opportunity.