1183 Bird AVE, San Jose, CA 95125
- $2,900,000
- 5,846
- SqFt
Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: from
Sold listing courtesy of Jimmy Castellanos from M&MKW
- Sold Price
- $2,900,000
- List Price
- $2,680,000
- Closing Date
- Nov 12, 2024
- MLS#
- ML81979859
- Status
- SOLD
- Sqft. of Residence
- 5,846
- Lot Size
- 10,019
- Listing Area
- Willow Glen
- Year Built
- 1964
Property Description
Jimmy Castellanos is pleased to present 1183 Bird Avenue, located in the highly desirable Willow Glen neighborhood of San Jose. 1183 Bird Avenue offers a solid investment opportunity due to its location, appreciation potential, reliable income, and low vacancy. Built in 1964 by the original and current owner, the property consists of nine one-bedroom units and one two-bedroom unit, with a total of 5,846 rentable square feet on a 0.23-acre lot. The property's consistent upkeep and minimal vacancy make it a reliable income-generating asset. Willow Glen is one of San Jose's most sought-after neighborhoods, known for its strong market demand and community appeal. With a median home price of $1,852,000 year-to-date (according to Zillow), the area highlights the value proposition of this multifamily property, which is priced well below $300,000 per unit. This significant price difference offers a strategic advantage for investors, providing both affordability and the potential for appreciation in a high-demand market.
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Additional Information
- Acres
- 0.23
- Age
- 60
- Building Name
- Bird Ave Apartments
- Cooling System
- Window / Wall Unit
- Foundation
- Concrete Perimeter
- Garage Parking
- Assigned Spaces, Carport
- Heating System
- Wall Furnace
- Living Area
- 5,846
- Lot Size
- 10,019
- Neighborhood
- Willow Glen
- Other Utilities
- Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RM
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