Property Overview:
896 S Almaden Ave is a mixed-use investment property in San Jose, CA, offering three separate addresses. The property includes one residential unit (main house) and two commercial/retail units. The main house on Oak Street features 3 bedrooms, 1.5 bathrooms, and a detached garage. The commercial units face Almaden Avenue and are under contract until November 2017.
Investment Highlights:
- Great income potential: Live in one unit and rent out the others for steady cash flow.
- Three separate addresses: Increases rental flexibility and potential returns.
- Value-add opportunity: One retail unit has fire damage, offering a chance to renovate and increase equity.
- Prime location: Situated in a high-traffic area with excellent visibility.
- Strong rental demand: Close to downtown San Jose, freeways, and public transportation.
- Long-term appreciation: Desirable area for both investors and owner-users.
Property Features:
- Main House:
- 3 bedrooms, 1.5 bathrooms
- Detached garage
- 2 Commercial Units:
- Facing Almaden Avenue
- Both leased until November 2017
- One unit with fire damage (renovation potential)
- Mixed-use zoning: Residential and commercial income streams.
Location Benefits:
- Central San Jose: Easy access to downtown, major freeways, and public transit.
- High visibility: Ideal for retail tenants and attracting customers.
- Growing area: Potential for property value appreciation and increased rental rates.
Summary:
896 S Almaden Ave is a rare investment opportunity with multiple income streams, value-add potential, and a prime San Jose location. Perfect for investors seeking strong rental income and long-term growth. Don’t miss out!