$877,000
SOLD SEP 18, 2015
8 Beds
4 Baths
2,732 Sq Ft
7,187 Sq Ft Lot

Recently Sold

$321 Per Sq Ft

2 Days on Market

About This Home

As of June 2021

Great Investment Opportunity!! This Four-Plex unit is located in Prime East San Jose location. 2,732 SF of living space. Two Stories. Offers 1-3 bedrooms & 1 assigned parking stall per unit. Updated Kitchens, Freshly painted Exterior, Repaired Railing, Gated Perimeter. Separate Coin-Operated Laundry area. All units are Fully Occupied with Long Term occupants/tenants. Walking distance to Santee Elementary School. Easy access to Shops, Restaurants, Hwy 101/280/680.

Last Agent to Sell the Property

Triet Nguyen

Tera Real Estate License #01313274 Listed on: 08/03/2015

Last Buyer's Agent

Triet Nguyen

Tera Real Estate License #01313274 Listed on: 08/03/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,187 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,732 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Carport Spaces
  • No Garage
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $69,912

Community Details

Overview

  • Property has a Home Owners Association

Building Details

  • 4 Leased Units
  • Gardener Expense $960
  • Insurance Expense $1,780
  • Maintenance Expense $2,000
  • Manager Expense $4,894
  • Other Expense $1,200
  • Utility Expense $1,035
  • Trash Expense $1,200
  • Operating Expense $23,117
  • Gross Income $69,912

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 53
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2732
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 2732
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Carport, No Garage, Off-Street Parking, Parking Restrictions
  • Carport Min: 4

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Condo/Co-op/Association

  • Complex Name: Walnut Grove Income Estates
  • HOA Fees: 300
  • HOA Exist: Yes

Schools

  • School District: East Side Union High
  • Elementary School: Santee Elementary
  • High School: Yerba Buena High
  • High School: 254
  • Elementary School: 120

Lot Info

  • Lot Description: Grade - Level, Paved
  • Lot Acres: 0.1650
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7194.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7194.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 12.59
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1780
  • Expense Landscape: 960
  • Expense Maintenance: 2000
  • Expense Management: 4894
  • Expenses Other: 1200
  • Expenses Total: 23117
  • Expenses Utility: 1035
  • Expense Trash: 1200
  • Income Annual Gross: 69912.00
  • Income Annual Rental: 69912
  • Income Gross Scheduled: 69912
  • Income Includes: Lease
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Association, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Security, Services - Trash Removal, Utilities - Electric, Utilities - Water
  • Tenant Expenses: Utilities - Electric

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
06/03/2021 06/03/21 Sold $1,375,000 -1.4% $503 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $1,395,000 +2.6% $511 / Sq Ft
04/26/2019 04/26/19 Sold $1,360,000 -1.1% $498 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $1,375,000 +56.8% $503 / Sq Ft
09/18/2015 09/18/15 Sold $877,000 -0.3% $321 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $880,000 +14.3% $322 / Sq Ft
10/28/2014 10/28/14 Sold $770,000 +4.8% $282 / Sq Ft
09/29/2014 09/29/14 Pending -- -- --
09/11/2014 09/11/14 For Sale $735,000 -- $269 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81498160

MLSListings

APN: 477-32-160