NOT LISTED FOR SALE

1018 Mccreery Ave San Jose, CA 95116

Hillview North Neighborhood
7 Beds
4 Baths
3,660 Sq Ft
6,634 Sq Ft Lot

Last Sold November 24, 2021

Last sale price $1,742,500 $476 Per Sq Ft

10 Days on Market

Highlights

  • Granite Countertops
  • Balcony
  • Courtyard
  • Independence High School Rated A-
  • Tile Flooring

About This Home

As of November 2021

EXCELLENT OPPORTUNITY TO ACQUIRE INVESTMENT PROPERTY - SECT 8 TENANTS * THIS BUILDING HAS 100% OCCUPANCY, FRESHLY PAINTED EXTERIOR, UPPER UNITS HAVE BALCONIES* PRIVATE SECURITY SCREEN DOORS ON EACH UNIT, WELL MAINTAINED COURTYARD, DECORATIVE ROCK, WHITE PICKET FENCE* EXTERIOR WATER HEATER CLOSET, ASSIGNED PARKING SPACES, OWNER PAYS GARBAGE, SEWER, WATER, WATER HEATER (GAS), ELECTRICITY (EXTERIOR LIGHTING), TENANT PAYS FOR PGE -INDIVIDUAL METERS PER UNIT * DON'T PASS UP THIS PROPERTY, PERFECT FOR 1031 EXCHANGE* CALL FOR APPOINTMENT TO VIEW!

Last Agent to Sell the Property

Anne Culbertson

Legacy Real Estate & Associates License #01091626 Listed on: 10/16/2021

Co-Listed By

Debbie Rossetto

Legacy Real Estate & Associates License #00985361

Last Buyer's Agent

Larry Giang

KW Silicon City License #01488340

KW Silicon City

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 6,634

Home Design

  • Quadruplex

Interior Spaces

  • 3,660 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Gas Oven
  • Granite Countertops
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • 1 Parking Space
  • Assigned Parking

Additional Features

  • Balcony
  • 6,634 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $132,804

Community Details

Overview

Amenities

  • Courtyard

Building Details

  • 5 Leased Units
  • Gardener Expense $900
  • Insurance Expense $1,631
  • Maintenance Expense $2,400
  • Manager Expense $11,952
  • Utility Expense $2,368
  • Trash Expense $1,828
  • Operating Expense $29,182
  • Gross Income $127,492

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: R3H
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3660
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Countertop - Granite, Countertop - Tile, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3660
  • Stories: 2
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space
  • Yard/Grounds: Balcony / Patio, Courtyard

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 246

Lot Info

  • Lot Acres: 0.1523
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6636.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6636.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 12.24
  • Number Of Leased: 5

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1631
  • Expense Landscape: 900
  • Expense Maintenance: 2400
  • Expense Management: 11952
  • Expenses Total: 29182
  • Expenses Utility: 2368
  • Expense Trash: 1828
  • Income Annual Gross: 127492.00
  • Income Annual Rental: 132804
  • Income Gross Scheduled: 132804
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Professional Services, Fee - Property Management, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 4

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
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 List to Sale Price per Sq Ft
11/24/2021 11/24/21 Sold $1,742,500 +7.2% $476 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/16/2021 10/16/21 For Sale $1,625,000 -- $444 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Anne Culbertson

    Legacy Real Estate & Associates

    (408) 707-0340

    2 in this area

    122 Total Sales

    Anne Culbertson
    Section Image
  • Debbie Rossetto

    Seller Co-Listing Agent in 2021

    Debbie Rossetto

    Legacy Real Estate & Associates

    (408) 262-7900

    2 in this area

    103 Total Sales

    Debbie Rossetto
    Section Image
  • Larry Giang

    Buyer's Agent in 2021

    Larry Giang

    KW Silicon City

    (408) 421-3343

    2 in this area

    35 Total Sales

    Larry Giang
    Section Image

  • L

    Buyer Co-Listing Agent in 2021

    Lan Rupf

    KW Silicon City

    (408) 421-0270

    2 in this area

    11 Total Sales

    Lan Rupf
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81867126

MLSListings

APN: 481-37-031

California Santa Clara County San Jose 95116 Hillview North

1018 Mccreery Ave, San Jose, CA

Not Listed for Sale

MultiFamily

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