1291 1St StSan Jose, CA 95110

Property Details for 1291 1St St

Year built

1947

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

1,665 SF

Zone code

CO

Property type

Office properties

Property subtype

Office buildings

APN

230-35-095

APU

23035095

Description

This 1,665 square foot duplex, located at 1291-1293 N 1st St, San Jose, CA 95110, presents a unique investment opportunity. Built in 1959 and extensively renovated in 2019, this single-tenancy property sits on a 0.128-acre lot and features two units, each with two bedrooms and one bathroom. The units boast modern kitchens with sleek flooring and updated countertops and cabinets, and benefit from abundant natural light. The spacious bedrooms offer ample living space. The property includes a large garage, easily adaptable for an accessory dwelling unit (ADU), increasing potential rental income. Tenants will appreciate the ample parking (10 spaces) and convenient location near Highway 880, 87, and 101, providing easy access to major transportation routes. The property's proximity to Santana Row and Valley Fair Mall, offering extensive shopping and dining options, further enhances its appeal. The property is zoned for retail, office, and special purpose uses, including coworking, traditional office, and medical office spaces, offering flexibility for various business models. This property is ideal for owner-occupancy or as a lucrative rental investment, with strong potential for Airbnb income. The property's location near San Jose Airport adds to its desirability. The APN is 230-35-095, 230-35-66-1. This is a one-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $509,991

  6.5%

  $470,761

  7%

  $437,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $464,385

  Geo Method

  $464,385

• Alternative Use

  Use

  Valuation

  Residential

  $583,743

  Hospitality

  $534,706

  Educational

  $444,869

  Medical

  $460,169

  Retail

  $692,018

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3596

Longitude

-121.908

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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