159 Hollywood Avenue, San Jose, California 95112, San Jose, - bed, bath
About this home
A rare opportunity is knocking: Starting collecting rental income from Day One with a 6+% CAP rate (about $9000/m)! This is a turn-key cash cow business with immediate positive cash flow! Or live in one while the other pays your mortgage! Or embrace a multi-generational lifestyle ---- this fully renovated vintage style house with a brand new ADU delivers unparalleled flexibility. Located minutes away from Downtown San Jose, SJSU, SJC, SAP Center, shops, dining and transit. The main house (1455 sf) features 4 bed/3 full bath --- including 2 master suites and 2 separated entrances. All with modern finishes, recess lighting, wood flooring, central heating/AC plus mini-split. A large basement for extra storage. The detached ADU (310 sf) is brand new from top down, with full kitchen & bath, recess lighting, SPC flooring, mini split A/C. All done with permit. The laundry room has separate entrance. New landscaping front and back, new pavement for 4+ off-street parking. No signs, drive-by only. Please do NOT disturb the tenants. All furniture can be included.
Price History
| Subject | Average Home | Neighbourhood Ranking (44 Listings) | |
|---|---|---|---|
| Beds | 6 | 3 | 98% |
| Baths | 4 | 2 | 89% |
| Square foot | 1,765 | 1,568 | 69% |
| Lot Size | 5,040 | 5,750 | 24% |
| Price | $1.5M | $1.26M | 71% |
| Price per square foot | $849 | $861 | 49% |
| Built year | 1922 | 1922 | 50% |
| HOA | |||
| Days on market | 86 | 147 | 31% |