NOT LISTED FOR SALE
3 Beds
3 Baths
1,677 Sq Ft
5,593 Sq Ft Lot

Last Sold January 20, 2022

Last sale price $975,000 $581 Per Sq Ft

96 Days on Market

About This Home

As of January 2022

TERRIFIC INVESTMENT OPPORTUNITY. Own this detached multi-family home located at the epicenter of redevelopment in San Jose. This charming duplex has been wonderfully maintained by fantastic long term tenants who treat the property as if it's their own and each of whom would like to remain. This property is highlighted by the perfect mix of units all of which have functional living areas and situated on a oversized fully paved lot for ample tenant parking and within close proximity to Westfield Shopping Center, Santana Row, Downtown San Jose, The Pruneyard Shopping Center and easy access to HWY 280 and 880.

Last Agent to Sell the Property

Joshua Michaelian

Joshua A. Michaelian, Broker License #01768226 Listed on: 09/14/2021

Co-Listed By

Vincent T. Luong

Joshua A. Michaelian, Broker License #01727713

Last Buyer's Agent

Rinat Kaufman

Coldwell Banker Realty License #02075910

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1912

Lot Details

  • 5,593

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,677 Sq Ft Home
  • 1-Story Property

Parking

  • 3 Parking Spaces
  • Covered Parking

Additional Features

  • 5,593 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $44,300

Community Details

Overview

  • 1,677 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $857
  • Utility Expense $1,500
  • Trash Expense $750
  • Operating Expense $9,637
  • Gross Income $44,300

Property Details

Home Type

Multi-Family

Year Built

1912

Lot Details

0

Listing Details

  • Zoning: R1-N2
  • Subclass: Duplex
  • Age: 109
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1677
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1912

Interior Features

  • Living Sq Ft: 1677
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Common Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1284
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5591.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5591.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 23.70
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 857
  • Expenses Total: 9637
  • Expenses Utility: 1500
  • Expense Trash: 750
  • Income Annual Gross: 44300.00
  • Income Annual Rental: 44300
  • Income Gross Scheduled: 44300
  • Meters: Separate Other
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $975,000 -7.1% $581 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $1,050,000 -- $626 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81862548

MLSListings

APN: 274-17-043