December 7, 2011

BLACK FRIDAY DEALS: Cheapest House in Alviso!

DEALS, DEALS, DEALS!  They’re everywhere to be found all around the Bay, even in Silicon Valley.  Just yesterday we found an awesome place in Santa Clara for only $298,000!

What’s that? You don’t want to live in Santa Clara?

Plenty of other choices are yours in Silicon Valley!  How about a home close to world famous San Francisco Bay, yet convenient to both the job centers of Mountain View and the night life of Milpitas?

1256 WABASH St, San Jose, CA 95002
$199,000

image

BEDS: 4
BATHS: 2
SQ. FT.: 1,300
$/SQ. FT.: $153
LOT SIZE: 5,662 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1920
COMMUNITY: Alviso (Santa Clara County)
COUNTY: Santa Clara
MLS#: 81147794
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 20 days

Cash flow property at a great price! Regular Sale! Great for first time homebuyer or investor in up and coming area! Close to 237/880/101, Great school district-Santa Clara Schools, This is a 2 unit property with $1700/month in total rental income, 3/1 in front, 1/1 in back

imageI don’t see how you could lose with this one.  Rent one unit or the other, or let your slumlord self come out to party by renting out both!  That is, if you can find it behind all that greenbelt.

imageAlso, take a look at what was hiding behind the SUV, in the Streetview photo on the right.  Nice to get a “feel” for the neighborhood before moving in.

At this price, you could pay cash for it, and the only way you’d ever be under water would be another 100 year flood.  And that shouldn’t happen until 2083.

Comments (4) -- Posted by: madhaus @ 4:01 am

4 Responses to “BLACK FRIDAY DEALS: Cheapest House in Alviso!”

  1. SiO2 Says:

    Interesting; this would actually have positive cash flow if it’s sold for the asking price, and the $1700/mo is real.

  2. z2amiller Says:

    On the plus side, there are some truly excellent tacos to be had in Alviso, when I worked in north San Jose there was a place here that had the best tacos I’d ever eaten. (Forget the name — hole in the wall — maybe didn’t even have a name?) Way better than living right behind Mi Pueblo.

  3. nomadic Says:

    Some day they’ll get rid of the evaporation ponds and their attending stink, and this will be the new hot spot to live…

  4. SiO2 Says:

    Maria Elena? It’s a bit bigger than a hole in the wall though.
    However there is talk that they will close in the near future.


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