NOT LISTED FOR SALE

1102 Lick Ave San Jose, CA 95110

Tamien Neighborhood
9 Beds
6 Baths
1,800 Sq Ft
0.46 Acres

Last Sold March 31, 2016

Last sale price $1,550,000 $861 Per Sq Ft

250 Days on Market

Highlights

  • 0.46 Acre Lot
  • Craftsman Architecture
  • High Ceiling
  • Willow Glen High School Rated 9+
  • Wood Flooring
  • 4-minute walk to Tamien Park

About This Home

As of March 2016

Ideal redevelopment or investment opportunity! Live in 1 unit and rent out the others. 3 separate rental properties on nearly 1/2 acre lot. 1 Duplex and 2 SFR's + 1 large storage warehouse/garage. All 3 rental units are tenant occupied. Duplex: 360-364 Goodyear St / both units are 2 beds, 1 ba, 1 car garages w/laundry & private yards. SFR: 1102 Lick Ave/3 beds, 1.5 ba, full basement, private yard, inside laundry. SFR: 1106 Lick Ave. 2 beds 1 bath, inside laundry, big rear yard, and basement. City says possible 3 lot split and/or develop 8+ units. Contact Planning Dept. for details. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Robbie Matusich

Richard G. Matusich & Assoc., Inc. License #01449407 Listed on: 06/30/2015

Co-Listed By

Richard Matusich

Richard G. Matusich & Assoc., Inc. License #00358728

Last Buyer's Agent

Paul Sjoblom

Philip E Simons, Broker License #00412865

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Lot Details

  • 0.46 Acre Lot
  • Fenced
  • Mostly Level

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Wood Frame Construction
  • Shake Roof
  • Shingle Roof
  • Wood Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,800 Sq Ft Home
  • High Ceiling
  • Fireplace
  • Storage Room
  • Finished Basement

Kitchen

  • Oven or Range
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Shed
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $84,175

Community Details

Overview

  • 1,800 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $4,356
  • Maintenance Expense $5,281
  • Manager Expense $4,518
  • Other Expense $542
  • Utility Expense $1,308
  • Trash Expense $2,561
  • Operating Expense $29,271
  • Gross Income $81,650

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Multiple Dwellings / Structures
  • Style: Craftsman
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Kitchen: Countertop - Other, Countertop - Tile, Exhaust Fan, Garbage Disposal, Hookups - Gas, Oven Range
  • Living Sq Ft: 1800
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: Basement - Finished, Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Perimeter And Slab
  • Roof: Composition, Shake, Shingle, Wood Shakes / Shingles
  • Yard/Grounds: Bbq Area, Fenced, Storage Shed / Structure
  • Construction Type: Brick, Concrete, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 6
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Central Forced Air - Gas, Fireplace, Floor Furnace, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.4640
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20221.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20221.00

Rental Info

  • Existing Lease Term(s): Lease(s), Month To Month, Security Deposit
  • Gross Rent Multiplier: 20.14
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 4356
  • Expense Maintenance: 5281
  • Expense Management: 4518
  • Expenses Other: 542
  • Expenses Total: 29271
  • Expenses Utility: 1308
  • Expense Trash: 2561
  • Income Annual Gross: 81650.00
  • Income Annual Rental: 84175
  • Income Gross Scheduled: 84175
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Professional Services, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Capital Improvements, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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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
03/31/2016 03/31/16 Sold $1,550,000 -8.6% $861 / Sq Ft
03/06/2016 03/06/16 Pending -- -- --
06/30/2015 06/30/15 For Sale $1,695,000 -- $942 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robbie Matusich

    Seller's Agent in 2016

    Robbie Matusich

    Richard G. Matusich & Assoc., Inc.

    (408) 531-5542

    40 Total Sales

    Robbie Matusich
    Section Image
  • Richard Matusich

    Seller Co-Listing Agent in 2016

    Richard Matusich

    Richard G. Matusich & Assoc., Inc.

    (408) 531-5542

    3 Total Sales

    Richard Matusich
    Section Image

  • P

    Buyer's Agent in 2016

    Paul Sjoblom

    Philip E Simons, Broker

See All Agents

Map

Source: MLSListings

MLS Number: ML81533609

MLSListings

APN: 434-05-086

California Santa Clara County San Jose 95110 Tamien

1102 Lick Ave, San Jose, CA

This home is located at 1102 Lick Ave, San Jose, CA 95110 since 30 June 2015. This property was built in 1955. 1102 Lick Ave is a home located in Santa Clara County with nearby schools including Washington Elementary School, Willow Glen Middle, and Willow Glen High School.

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