NOT LISTED FOR SALE
9 Beds
5 Baths
3,934 Sq Ft
9,670 Sq Ft Lot

Last Sold October 06, 2021

Last sale price $2,250,000 $572 Per Sq Ft

10 Days on Market

Highlights

  • Guest Parking
  • Forced Air Heating System
  • 1-minute walk to War Memorial Playground
  • Westwood Elementary School Rated A

About This Home

As of October 2021

Intempus is pleased to present a well maintained, centrally located and very stable four plex. Four units consist of three well laid out two-bedroom units and one spacious three-bedroom unit. One unit has a private patio, one unit has a private balcony, and all units benefit from lush common area. On-site coin operated laundry services offered for tenants. The property is a quarter mile from the coveted Santa Clara University, many high-tech employers, 5 min drive to San Jose Airport and various public transportation options. Most units have received various modernization and upgrading. Units have been thoughtfully upgraded throughout the years, including granite countertops, appliances, paint, and flooring. Tenants have enjoyed living in this property and have taken great care of it. The property has enjoyed full rent collection even through the COVID Pandemic. The property is well situated to enjoy the benefits of the large Google development in Downtown San Jose.

Last Agent to Sell the Property

Eugene Korsunsky

Intempus Realty License #01795317 Listed on: 08/10/2021

Last Buyer's Agent

Coco Tan

Keller Williams Realty-Silicon Valley License #01376998

Keller Williams Realty-Silicon Valley

Property Details

Home Type

  • Multi-Family

Year Built

  • 1976

Lot Details

  • 9,670 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,934 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Guest Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $125,967
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $900
  • Insurance Expense $1,400
  • Maintenance Expense $3,812
  • Manager Expense $8,817
  • Utility Expense $8,400
  • Operating Expense $42,568
  • Gross Income $123,158

Property Details

Home Type

Multi-Family

Year Built

1976

Lot Details

9,670 Sq Ft Lot

Listing Details

  • Zoning: SC
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3934
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Interior Features

  • Living Sq Ft: 3934
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport, Guest / Visitor Parking, Off-Street Parking
  • Carport Min: 4

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 408

Lot Info

  • Lot Acres: 0.2220
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9671.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9671.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.11
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 1400
  • Expense Landscape: 900
  • Expense Maintenance: 3812
  • Expense Management: 8817
  • Expenses Total: 42568
  • Expenses Utility: 8400
  • Income Annual Gross: 123158.00
  • Income Annual Rental: 125967
  • Income Gross Scheduled: 126967
  • Income Includes: Laundry
  • Income Other: 1000
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Maintenance, Maintenance - Exterminator, Services - Gardener, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 3
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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 List to Sale Price per Sq Ft Prior Sale
10/06/2021 10/06/21 Sold $2,250,000 -2.2% $572 / Sq Ft
08/21/2021 08/21/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $2,299,888 +60.3% $585 / Sq Ft
03/28/2014 03/28/14 Sold $1,435,000 +10.4% $365 / Sq Ft View Prior Sale
03/22/2014 03/22/14 Pending -- -- --
03/12/2014 03/12/14 For Sale $1,299,950 -- $330 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $27,360 $2,387,718 $1,591,812 $795,906
2024 $27,360 $2,340,900 $1,560,600 $780,300
2023 $27,086 $2,295,000 $1,530,000 $765,000
2022 $26,631 $2,250,000 $1,500,000 $750,000
2021 $19,595 $1,625,142 $906,002 $719,140
2020 $19,239 $1,608,480 $896,713 $711,767
2019 $19,215 $1,576,942 $879,131 $697,811
2018 $17,977 $1,546,023 $861,894 $684,129
2017 $17,890 $1,515,710 $844,995 $670,715
2016 $17,446 $1,485,991 $828,427 $657,564
2015 $17,380 $1,463,671 $815,984 $647,687
2014 $3,346 $274,751 $51,996 $222,755
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81857720

MLSListings

APN: 269-41-075

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