NOT LISTED FOR SALE

1194 Palm St San Jose, CA 95110

Tamien Neighborhood
4 Beds
2 Baths
1,512 Sq Ft
5,005 Sq Ft Lot

Last Sold January 05, 2018

Last sale price $870,000 $575 Per Sq Ft

9 Days on Market

Highlights

  • 2 Car Detached Garage
  • 4-minute walk to Tamien
  • 4-minute walk to Tamien Park
  • 1-Story Property

About This Home

As of January 2018

Say good bye to your landlord or add to your real estate portfolio with this centrally located San Jose duplex! Walk to light rail and then just a short train ride into San Joses proposed Google campus and the vibrant downtown in Americas 10th largest city. Scheduled gross income is $44,850. Each unit is a 2 bedroom 1 bath with small eating area in kitchen and large living room. Both units are on month to month rental agreements with long term tenants who would like to stay. Units have some hardwood and or newer laminate flooring. Large 2 car detached garage with electricity, water and drain lines serving the full sized leased laundry machines. Small sunny side yard adjacent to garage is perfect for garden area or expansion. There are separate electricity and gas meters for both units and owner currently pays for back unit PG&E. Close to shopping and restaurants and easy access to Almaden Expressway highways 87 and 280.

Last Agent to Sell the Property

David Lindsay

Coldwell Banker Realty License #00927727 Listed on: 12/04/2017

Coldwell Banker Realty

Co-Listed By

Patricia Kelner

Coldwell Banker Realty License #01443696

Last Buyer's Agent

Carlos Padilla

Intero Real Estate Services License #01342889

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 5,005 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,512 Sq Ft Home
  • 1-Story Property
  • Window Bars

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $44,850

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,604
  • Maintenance Expense $805
  • Utility Expense $2,759
  • Operating Expense $8,581
  • Gross Income $45,488

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Ranch
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1512
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 1512
  • Stories: 1
  • Security: Window Bars

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: San Jose Unified
  • Elementary School: Washington Elementary
  • Middle School: Willow Glen Middle
  • High School: Willow Glen High
  • High School: 350
  • Elementary School: 378
  • Middle School: 343

Lot Info

  • Lot Acres: 0.1149
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5007.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5007.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.37
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1604
  • Expense Maintenance: 805
  • Expenses Total: 8581
  • Expenses Utility: 2759
  • Income Annual Gross: 45488.00
  • Income Annual Rental: 44850
  • Income Gross Scheduled: 45488
  • Income Includes: Laundry
  • Income Other: 638
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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
01/05/2018 01/05/18 Sold $870,000 +24.5% $575 / Sq Ft
12/14/2017 12/14/17 Pending -- -- --
12/04/2017 12/04/17 For Sale $699,000 -- $462 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Lindsay

    Seller's Agent in 2018

    David Lindsay

    Coldwell Banker Realty

    (408) 205-1148

    1 in this area

    52 Total Sales

    David Lindsay
    Section Image
  • Patricia Kelner

    Seller Co-Listing Agent in 2018

    Patricia Kelner

    Coldwell Banker Realty

    (408) 205-3319

    1 in this area

    56 Total Sales

    Patricia Kelner
    Section Image
  • Carlos Padilla

    Buyer's Agent in 2018

    Carlos Padilla

    Intero Real Estate Services

    (650) 947-4746

    98 Total Sales

    Carlos Padilla
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81686244

MLSListings

APN: 434-05-093

California Santa Clara County San Jose 95110 Tamien

1194 Palm St, San Jose, CA

This home is located at 1194 Palm St, San Jose, CA 95110 since 04 December 2017. This property was built in 1963. 1194 Palm St 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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