$1,900,000
SOLD JUL 11, 2024

1121 Oakmont Dr San Jose, CA 95117

Blackford Neighborhood
10 Beds
5 Baths
3,987 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$477 Per Sq Ft

5% Below List Price

19 Days on Market

Highlights

  • Balcony
  • Tile Flooring
  • Washer and Dryer
  • Moreland Middle School Rated A-
  • Coin Laundry
  • Courtyard

About This Home

As of July 2024

Fantastic Opportunity: 2 Fourplexes for Sale! Can be purchased separate . Each custom-built fourplex features a spacious owner's unit. Every unit comes with its own private garage equipped with storage and automatic door openers.A central driveway provides ample off-street parking and a play area between this building and the adjacent property at 1117 Oakmont Dr., which is also for sale. Both properties are within walking distance of a school. The units have double-pane windows throughout, and most have been recently remodeled. Additionally, the buildings feature newer water heaters and have been well-maintained with no deferred maintenance. The unit details are as follows: one unit has four bedrooms and two bathrooms, encompassing 1,800 square feet, while the other three units each have two bedrooms and one bathroom, with 770 square feet each. The property also includes leased coin-operated laundry facilities, with tenants responsible for PG&E. Conveniently located near I-280 and CA-17, these properties make commuting a breeze.Don't miss out on this excellent investment opportunity!

Last Agent to Sell the Property

Michaela Kusner

Coldwell Banker Realty License #01836865 Listed on: 05/28/2024

Coldwell Banker Realty

Last Buyer's Agent

Nneka Jenkins

Coldwell Banker Realty License #01989776

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 4 Car Garage
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Tile Roof
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,987 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Electric Oven
  • Washer and Dryer

Flooring

  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Balcony

Utilities

  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $120,960

Community Details

Overview

Amenities

  • Courtyard
  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,020
  • Insurance Expense $2,596
  • Maintenance Expense $16,102
  • Other Expense $4,320
  • Utility Expense $6,119
  • Trash Expense $2,615
  • Operating Expense $47,391
  • Gross Income $117,754

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3987
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit, Countertop - Other, Exhaust Fan, Oven Range - Electric, Refrigerator, Varies By Unit
  • Living Sq Ft: 3987
  • Stories: 2
  • Security: Fire Alarm
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Metal, Tile
  • Yard/Grounds: Balcony / Patio, Courtyard, Low Maintenance, Sprinklers - Auto

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, Attached Garage, Off-Street Parking

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7405.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written
  • Gross Rent Multiplier: 16.30
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2596
  • Expense Landscape: 1020
  • Expense Maintenance: 16102
  • Expenses Other: 4320
  • Expenses Total: 47391
  • Expenses Utility: 6119
  • Expense Trash: 2615
  • Income Annual Gross: 117754.00
  • Income Annual Rental: 120960
  • Income Gross Scheduled: 122660
  • Income Includes: Parking, Rents
  • Income Other: 1700
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Maintenance - Laundry, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities, Utilities - Water
  • Tenant Expenses: Fee - Parking, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 4

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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
07/11/2024 07/11/24 Sold $1,900,000 -5.0% $477 / Sq Ft
06/16/2024 06/16/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $1,999,000 -- $501 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michaela Kusner

    Seller's Agent in 2024

    Michaela Kusner

    Coldwell Banker Realty

    (408) 718-0743

    2 in this area

    18 Total Sales

    Michaela Kusner
    Section Image
  • Nneka Jenkins

    Buyer's Agent in 2024

    Nneka Jenkins

    Coldwell Banker Realty

    (408) 391-7083

    2 in this area

    235 Total Sales

    Nneka Jenkins
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81967174

MLSListings

APN: 299-17-039

California Santa Clara County San Jose 95117 Blackford

1121 Oakmont Dr, San Jose, CA

This home is located at 1121 Oakmont Dr, San Jose, CA 95117 and is currently priced at $1,900,000, approximately $476 per square foot. This property was built in 1963. 1121 Oakmont Dr is a home located in Santa Clara County with nearby schools including Leroy Anderson Elementary School, Moreland Middle School, and Prospect High School.

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