$1,360,000
SOLD APR 26, 2019
8 Beds
4 Baths
2,732 Sq Ft
7,235 Sq Ft Lot

Recently Sold

$498 Per Sq Ft

1% Below List Price

19 Days on Market

About This Home

As of June 2021

This 4-plex consists of a great unit mix of (1) Three Bedroom / One Bathroom (2) Two Bedroom / One Bathroom (1) One Bedroom / One Bathroom units. The property features open parking spaces and a spacious front yard. 1369 Dubert Ln is located two and a half miles from the newly proposed 26th Street Bart station and about two miles from the rapidly growing Downtown San Jose submarket. The property is also located less than one mile from highway 280 and 101 entrances making freeway access simple and convenient. Situated on a 7,236 square foot lot the property is walking distance from RF Kennedy Elementary, Santee Elementary, and one mile from Yerba Buena high school, which makes for a great owner user opportunity or investor to sustain full occupancy.

Last Agent to Sell the Property

Tony Zizzo

Marcus & Millichap License #01962093 Listed on: 03/05/2019

Co-Listed By

Ray Rodriguez

Marcus & Millichap License #01999734

Last Buyer's Agent

Tony Zizzo

Marcus & Millichap License #01962093 Listed on: 03/05/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,235 Sq Ft Lot

Home Design

  • Quadruplex

Interior Spaces

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

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $85,560
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,000
  • Maintenance Expense $1,200
  • Manager Expense $3,600
  • Other Expense $1,432
  • Utility Expense $4,603
  • Trash Expense $2,301
  • Operating Expense $32,083
  • Gross Income $82,993

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 57
  • 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

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Unknown

Condo/Co-op/Association

  • 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 Acres: 0.1661
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7236.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7236.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 16.07
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1000
  • Expense Maintenance: 1200
  • Expense Management: 3600
  • Expenses Other: 1432
  • Expenses Total: 32083
  • Expenses Utility: 4603
  • Expense Trash: 2301
  • Income Annual Gross: 82993.00
  • Income Annual Rental: 85560
  • Income Gross Scheduled: 85560
  • Income Includes: Lease
  • Meters: Master Gas, Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Association, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Miscellaneous/Other, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • 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 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: ML81741348

MLSListings

APN: 477-32-160