Property Overview:
585 S 10th St is a duplex in San Jose, CA, built in 1925 with 1,620 sq. ft. of living space. The property features a parking garage, fireplace, and cooling system. Last sold for $1,167,500 in 2019; current estimated value is $1,057,000.
Neighborhood Highlights:
-
Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
-
Cost of Living:
- Median household income: $49,290
- Average annual spending: $42,469
-
Schools:
- Nearby schools: George and Evelyn Stein Continuation, Central Elementary, Monte Vista Middle, Tracy Independent Study Charter
- Average SAT score: 890 (Math: 472, English: 418), below state average (975)
-
Weather:
- Average temperature: 43.0°F (January), 76.3°F (July)
- Average rainfall: 11.4 inches/year
- Average snowfall: 0 inches/year
-
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%)
-
Demographics:
- Population: 53,247 (up 11% since 2000)
- 57% families with children
- Largest age group: 25-34 years (19.5%)
- Second largest: 20-24 years (14.79%)
-
Job Market:
- 51.3% blue-collar jobs, 48.7% white-collar jobs
- Unemployment rate: 5.3% (higher than state average of 4.7%)
Property Features:
- Investor’s Dream:
- Two Spanish bungalows on a large lot near SJSU, downtown SJ, Naglee Park, and the SOFA district
- Zoned multi-family: allows for additional units
- Fully remodeled with $170,000+ in updates: new kitchen, bath, appliances, and more
- Unit Details:
- Larger unit: ~1,310 sq. ft., 3 beds/1.5 baths
- Smaller unit: ~625 sq. ft., 2 beds/1 bath
- Rental History:
- Pre-renovation rents: $3,450 (large), $2,400 (small)
- Current comps: $3,800 + $2,800
- Strong rental history, rents easily
- Expansion Potential:
- Add bedrooms, ADU, additional units, or condo conversion for increased value
- Parking:
- Two-car garage (divided for storage)
- Paved front for extra off-street parking
- Large backyard for tenant use or future development
Location Benefits:
- Prime location: Close to universities, downtown, parks, and major freeways
- Ideal for investors seeking rental income and future development potential
- Strong community growth and high demand for rentals