1073 Elm St
1,390 SF Industrial Building San Jose, CA 95126 $1,095,000 ($788/SF) 4.93% Cap Rate
Executive Summary
FANTASTIC LOT ZONED LIGHT INDUSTRIAL. MAIN BUILDING IS 1760 SF (INCLUDING BASEMENT) WITH FRONT COUNTER, VARIOUS ROOMS, FULL BATH, KITCHEN. LARGE GARAGE IN BACK IS APPROX 750SF. OUTSIDE, PARTIALLY OPEN STORAGE IS APPROX 310SF. BASEMENT WITH TONS OF SOLID, BUILT-IN STORAGE BINS IS APROX. 400SF. EXCELLENT PROPERTY WITH TONS OF DIFFERENT OPTIONS. CURRENTLY LEASED OUT @ $4500/MONTH. TENANT (FENCING COMPANY) IS MONTH TO MONTH AND HASN'T HAD INCREASE IN 7 YEARS.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $54,000 | $38.85 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $54,000 | $38.85 |
Taxes | $4,704 | $3.38 |
Operating Expenses | - | - |
Total Expenses | $4,704 | $3.38 |
Net Operating Income | - | - |
Property Facts
Price | $1,095,000 |
Price Per SF | $788 |
Sale Type | Investment or Owner User |
Cap Rate | 4.93% |
Property Type | Industrial |
Building Class | C |
Lot Size | 0.22 AC |
Rentable Building Area | 1,390 SF |
No. Stories | 1 |
Year Built | 1930 |
Tenancy | Single |
Parking Ratio | 2.16/1,000 SF |
Amenities
- Fenced Lot
PROPERTY TAXES
Parcel Number | 230-21-067 | Total Assessment | $935,711 |
Land Assessment | $731,261 | Annual Taxes | $4,704 ($3.38/SF) |
Improvements Assessment | $204,450 | Tax Year | 2023 |
zoning
Zoning Code | LI (LIGHT INDUSTRIAL) |