1360 Dubert Ln

1360 Dubert Lane is an ideal property for the first time investor. Located in the very strong rental location of East San Jose, the property is professionally managed and the property also belongs to an HOA. The HOA oversees all rental buildings in the area to ensure that owners keep their properties up to established standards. As a result of the third-party property management and HOA, rental rates and property values in the area have risen steadily for the last 10 years.
Constructed in 1962, this 2,734 SF (per county records) building consists of four units: three, 2-bedroom/1- bath units, and one, 1-bedroom/1-bath unit. The two bedroom units are approximately 725 SF in size and the one-bedroom unit is approximately 550 SF in size. All units are fully rented at slightly below market rates
so there is upside potential in the rents. (Buyer to verify square footage of units.)
The building was constructed on a 7,102 SF lot which is zoned Residential Multifamily. The 2-story building has four units and four individual carports. The building was constructed on a concrete perimeter foundation, with stucco over a wood frame. The roof is composition shingle and the driveway is asphalt.
1360 Dubert Lane is just 3.6 miles to Downtown San Jose, less than 2 miles to Kelly Park with a variety of outdoor activities including a zoo and golf course, and just one mile to the Walmart anchored Grand Century Shopping Mall, both being home to a myriad of dining, shopping, and entertainment options.
Additionally, the subject property is less than 3 miles to San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings.
Located within Silicon Valley, this location also offers renters a short drive to many of the nations top tech employers including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco.