Property Overview:
Charming Tri-Plex Near Downtown in the Burbank neighborhood near downtown San Jose, CA. This tri-plex sits on a 10,125 sq. ft. lot with a total building area of 2,236 sq. ft. The property includes three units:
- Two units: 2 bedrooms, 1 bathroom each
- One unit: 1 bedroom, 1 bathroom
Currently fully rented with long-term tenants at just below market rates, providing immediate rental income.
Neighborhood Highlights:
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Prime Location:
- 2 blocks from Google Village Downtown Campus and Transit Corridor
- Less than 3 miles from Santana Row, Valley Fair, San Jose Airport, and Valley Medical Center
- At the heart of Silicon Valley
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Vibrant Community:
- Highly sought-after area with strong rental demand
- Centrally located near major employers, shopping, and transit
Property Features:
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Front Bungalow:
- Good bones and old-time style
- Newer tile in bathrooms
- Granite countertops in kitchen
- Some double-pane windows
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Back Units:
- 2 bedrooms, 1 bath each
- Granite countertops and tile floors in kitchens
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All Units:
- Functional layouts with front and back door entries
- Deferred maintenance—needs some elbow grease but offers value-add potential
- Fully rented with good rental income
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Parking:
- Plenty of on-site parking at the rear of the lot—a rare feature in this area
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REO Property:
- Seller offers a 2-year home warranty (limitations apply)
Investment Highlights:
- Immediate rental income from long-term tenants
- Strong upside potential with below-market rents and opportunity to add value
- Ideal for investors or owner-occupiers seeking future appreciation and cash flow
- Spacious lot offers potential for future development or expansion