NOT LISTED FOR SALE

1024 Mccreery Ave San Jose, CA 95116

Hillview North Neighborhood
8 Beds
5 Baths
3,660 Sq Ft
6,621 Sq Ft Lot

Last Sold November 24, 2021

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

10 Days on Market

Highlights

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

About This Home

As of November 2021

EXCELLENT OPPORTUNITY TO ACQUIRE INVESTMENT PROPERTY - SECT 8 TENANTS * THIS BUILDING HAS 75% OCCUPANCY, UNIT 3 IS CURRENTLY VACANT, WAS PREVIOUSLY RENTED FOR $2750* TOTAL GROSS SCHEDULED INCOME WILL BE $130,152+ WHEN UNIT #3 IS OCCUPIED, CURRENTLY SEEKING NEW TENANT* UNIT #3 UPGRADED W/FRESH INTERIOR PAINT, NEW LINOLEUM IN KITCHEN, UPDATED LAMINATE FLOORING* BUILDING EXTERIOR FRESHLY PAINTED, 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

  • 6,621

Home Design

  • Quadruplex

Interior Spaces

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

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • 1 Parking Space
  • Assigned Parking

Additional Features

  • Balcony
  • 6,621 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $97,152

Community Details

Overview

Amenities

  • Courtyard

Building Details

  • 3 Leased Units
  • Gardener Expense $900
  • Insurance Expense $1,631
  • Maintenance Expense $2,400
  • Manager Expense $8,744
  • Utility Expense $3,086
  • Trash Expense $1,828
  • Operating Expense $26,692
  • Gross Income $93,266

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: R3H
  • Subclass: Fourplex
  • Age: 59
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3660
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: 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

  • School District: East Side Union High
  • Elementary School: Clyde Arbuckle Elementary
  • Middle School: Lee Mathson Middle
  • High School: Independence High
  • High School: 246
  • Elementary School: 1
  • Middle School: 11

Lot Info

  • Lot Acres: 0.1520
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6621.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6621.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 16.21
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1631
  • Expense Landscape: 900
  • Expense Maintenance: 2400
  • Expense Management: 8744
  • Expenses Total: 26692
  • Expenses Utility: 3086
  • Expense Trash: 1828
  • Income Annual Gross: 93266.00
  • Income Annual Rental: 97152
  • Income Gross Scheduled: 97152
  • 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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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
11/24/2021 11/24/21 Sold $1,742,500 +10.6% $476 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/16/2021 10/16/21 For Sale $1,575,000 -- $430 / 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

    128 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

    108 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

    37 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: ML81867127

MLSListings

APN: 481-37-030

California Santa Clara County San Jose 95116 Hillview North

1024 Mccreery Ave, San Jose, CA

This home is located at 1024 Mccreery Ave, San Jose, CA 95116 since 16 October 2021. This property was built in 1962. 1024 Mccreery Ave is a home located in Santa Clara County with nearby schools including Independence High School, KIPP Prize Preparatory Academy, and KIPP Heartwood Academy.

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