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27 Topeka Ave, SAN JOSE, CA – $2,495,000

  • $2.5M Price
  • 3,450 Sqft
  • .13 Acres
  • $2.5M Price
  • 3,450 Sqft
  • .13 Acres

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27 Topeka Ave

Excellent opportunity to own this 7-unit (FIVE 1 bedroom/1 baths & TWO studios) multi-family investment property, located in a sought after & convenient location close to Santa Row, Santa Clara University, downtown San Jose, major freeway corridors, shopping, restaurants and more. Currently fully occupied and historically low vacancy rates. This asset offers an exceptional opportunity for the savvy investor to come in and add value by further updating the units and increasing rents. Close proximity to the new Google campus should influence and push rents up and drive future appreciation. The next owner will be in a strong position to maximize rent potential given the building is EXEMPT FROM RENT CONTROL, 6 of the 7 units are on a month to month basis and 1 unit has a lease until January 2020. On-site coin operated laundry, 4 garages and 3 open air spaces. Various capital improvements performed over the recent years, low maintenance and easy to manage.

Essential Information

  • MLS® #ML81749344
  • Price$2,495,000
  • Square Footage3,450
  • Acres0.13
  • Year Built1953
  • TypeMulti-Residential
  • Sub-TypeFive or More Units
  • StatusActive

Community Information

  • Address27 Topeka Ave
  • AreaCentral San Jose
  • CitySAN JOSE
  • CountySanta Clara
  • StateCA
  • Zip Code95128

Amenities

  • Parking Spaces3
  • GaragesAttached

Utilities

Individual Electric Meters, Individual Gas Meters

Interior

  • HeatingWall Furnace
  • CoolingRoom Air Conditioner(s)

Exterior

  • RoofFlat/Low Pitch
  • FoundationConcrete Slab

Additional Information

  • ZoningR1-N2

Listing Details

  • AgentCesar A. Contreras
  • OfficeCompass
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Price Change History for 27 Topeka Ave, SAN JOSE, CA (MLS® #ML81749344)

Date Details Price Change
Price Reduced $2,495,000 $255,000 (9.27%)
Price Reduced (from $4,750,000) $2,750,000 $2,000,000 (42.11%)

© 2019 MLSListings Inc. All rights reserved. Based on information from MLSListings MLS as of May 27th, 2019 at 3:24am CDT.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.