This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

2178 Monticello Ave - Absolute Bargain Income Triplex! Hurry Fast

3 Unit Apartment Building Offered at $1,924,843 CAD at a 3.50% Cap Rate in San Jose, CA 95125

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 under market value for $2k/Mo per month. Unit B (1bed/1 bath) 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. Rent for this unit is $2k/mo. Unit C is a 1 bed/1 bath apartment that is rented for $1.8k All units have in-unit washer dryer, A/C, newer water heaters, and private outdoor space. Located near major HWYS, tech centers, DTSJ, & Plant Shopping Center.

Property Facts

Price $1,924,843 CAD
Price Per Unit $641,614 CAD
Sale Type Investment
Cap Rate 3.50%
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

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
$145,288 CAD
Improvements Assessment
$217,953 CAD
Total Assessment
$363,241 CAD
  • Listing ID: 34140465

  • Date on Market: 2024-12-10

  • Last Updated:

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

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}