$1,660,000
SOLD DEC 9, 2024
7 Beds
7 Baths
3,540 Sq Ft
7,131 Sq Ft Lot

Recently Sold

$469 Per Sq Ft

5% Below List Price

11 Days on Market

About This Home

As of December 2024

Desirable San Jose 4-unit apartment complex. New exterior paint and landscaping. Great unit mix with three townhouse-style 2-bedroom units and one 1-bedroom. Three covered parking spaces, one open and one attached 1-car garage connected to front 2-bedroom townhouse. Great rental history. Please do not disturb current residents.

Last Agent to Sell the Property

Michael Pierce

Prodesse Property Group License #01190465

Last Buyer's Agent

Andrea Qi

Goodview Financial & Real Estate License #01928510

Goodview Financial & Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,131 Sq Ft Lot

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,540 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $105,744

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,320
  • Insurance Expense $3,009
  • Maintenance Expense $14,505
  • Manager Expense $7,433
  • Utility Expense $7,607
  • Trash Expense $7,064
  • Operating Expense $52,774
  • Gross Income $103,629

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Parking

1

Listing Details

  • Zoning: R4H
  • Subclass: Fourplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3540
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3540
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Attached Garage, Covered Parking, On Street
  • Carport Min: 2

Utilities

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

Schools

  • School District: Campbell Union High
  • Elementary School: Blackford Elementary
  • Middle School: Monroe Middle
  • High School: Del Mar High
  • High School: 239
  • Elementary School: 49
  • Middle School: 60

Lot Info

  • Lot Acres: 0.1637
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7130.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7130.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 16.55
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 3009
  • Expense Landscape: 1320
  • Expense Maintenance: 14505
  • Expense Management: 7433
  • Expenses Total: 52774
  • Expenses Utility: 7607
  • Expense Trash: 7064
  • Income Annual Gross: 103629.00
  • Income Annual Rental: 105744
  • Income Gross Scheduled: 105744
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Capital Improvements, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 2

Map

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
12/09/2024 12/09/24 Sold $1,660,000 -5.1% $469 / Sq Ft
11/06/2024 11/06/24 Pending -- -- --
10/25/2024 10/25/24 For Sale $1,750,000 -- $494 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML81984969

MLSListings

APN: 284-27-015