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2178 Monticello Ave - Absolute Bargain Income Triplex! Hurry Fast 3 Unit Apartment Building Offered at $1,736,154 CAD at a 3.74% Cap Rate San Jose, CA 95125

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INVESTMENT HIGHLIGHTS

  • Near major highways
  • Near tech centers
  • Near downtown San Jose

EXECUTIVE SUMMARY

Best bargain on the market! The original three bedroom one bath single family house with an attached two car tandem garage was then converted to a two bedroom two bath home with one car attached garage. Two 1 bedroom, 1 bath units were completed after, bringing total sq -ft to 2,206 on a 6,534 sq ft lot. The 2 bed/2 bath with attached garage (Unit A) features partial hardwood flooring, a private yard and is currently rented for $2k/Mo per month. Unit B (1bed/1 bath) is rented for 2K was recently renovated including new interior paint, new dual pane windows, new flooring, new granite countertops, new sink, new cabinets, new stove, & fridge. Bathroom renovations includes new toilet/vanity/tub refinish, new ceiling fans, along with a new front door, new washer/dryer. Unit C is a 1 bed/1 bath apartment that is rented for $1.8k All units have room for rent growth. Ideal for rental income or a live in situation.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $8,098 $2.75
Other Income - -
Vacancy Loss - -
Effective Gross Income $8,098 $2.75
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income (CAD)
Annual $8,098
Annual Per SF $2.75
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $8,098
Annual Per SF $2.75
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Price $1,736,154 CAD
Price Per Unit $578,718 CAD
Sale Type Investment
Cap Rate 3.74%
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Single-Family Home
Lot Size 0.14 AC
Building Size 2,940 SF
Average Occupancy 100%
No. Stories 1
Year Built 1949
Zoning R1-8

AMENITIES

UNIT AMENITIES

  • Washer/Dryer
  • Heating
  • Tub/Shower

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+4 3 - -
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
455-06-041
Land Assessment
$1,128,846 CAD
Improvements Assessment
$423,317 CAD
Total Assessment
$1,552,164 CAD
  • Listing ID: 34140465

  • Date on Market: 2024-12-10

  • Last Updated:

  • Address: 2178 Monticello Ave, San Jose, CA 95125

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