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

zoning

Zoning Code LI (LIGHT INDUSTRIAL)
  • Listing ID: 33401742

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 1073 Elm St, San Jose, CA 95126