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    1024 Luther Avenue

    San Jose, CA 95126
    • $1,398,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: ML81857689
    UPDATED: 218 min ago
    $1,398,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    1024 Luther Ave. is a 3 unit apartment building that offers all the needed amenities paired with an excellent location. The property consists of three, 1 bedroom/1 bathroom units each with a small laundry room. The units are approximately 650 square feet each, are single story and have a front and rear entrance. Each unit has a single car garage space suitable to park a vehicle although it is primarily used today as storage. Each unit has its own hot water heater which makes it so that the tenants are responsible for their own hot water billing. Heating is through a gas wall furnace and some tenants have supplied their own window air conditioning unit.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-22T00:28:19.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/120295281
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    1024 Luther Avenue San Jose, CA 95126

    • Price: $1,398,000
    • Status: Active
    • Updated: 218 min ago
    • ID#: ML81857689
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1953
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Santa Clara
    Area:
    699 - Not Defined
    Property Description
    1024 Luther Ave. is a 3 unit apartment building that offers all the needed amenities paired with an excellent location. The property consists of three, 1 bedroom/1 bathroom units each with a small laundry room. The units are approximately 650 square feet each, are single story and have a front and rear entrance. Each unit has a single car garage space suitable to park a vehicle although it is primarily used today as storage. Each unit has its own hot water heater which makes it so that the tenants are responsible for their own hot water billing. Heating is through a gas wall furnace and some tenants have supplied their own window air conditioning unit.
    Exterior Features

    Carport Spaces 0 Foundation Details Concrete Perimeter Lot Features Back Yard Parking Total 3 Roof Asbestos ShingleShingle

    Interior Features

    Accessibility Features Parking Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 3.73 Garage YN Yes Gross Scheduled Income 75500 Insurance Expense 1100 Listing Agreement Seller Reserved Maintenance Expense 1500 Special Listing Conditions Standard Trash Expense 0 Zoning R1-8

    Listing provided courtesy of Carlos Azucena of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-22T00:28:19.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
    23670 Hawthorne Blvd. #100
    Torrance CA, 90505