Multi Family In San Jose

Welcome to 1019/1021 Villa Ave, San Jose, CA a unique investment opportunity featuring two separate buildings on one APN, with distinct addresses and multiple income-producing components. 1019 Villa Ave is a 2-bedroom, 1-bathroom single-family residence featuring a full basement with cement construction, offering approximately 1,200 square feet of space. The property provides comfortable living with additional basement space for storage, workspace, or other permitted uses. 1021 Villa Ave is a six-unit multifamily building, with each unit consisting of 1 bedroom and 1 bathroom. The property currently generates approximately $13,935 per month in rental income. Current rents are reportedly below potential market levels, presenting an opportunity to evaluate future rent adjustments and enhance income potential, subject to applicable laws, tenant protections, and market conditions. With seven total residential units across two buildings, this property offers a combination of current cash flow, residential flexibility, and potential long-term upside. The two-address configuration on a single APN creates a distinctive investment profile for buyers seeking an established income-producing asset in San Jose.