NOT LISTED FOR SALE
8 Beds
4 Baths
3,264 Sq Ft
8,159 Sq Ft Lot

Last Sold April 19, 2022

Last sale price $1,410,000 $432 Per Sq Ft

17 Days on Market

Highlights

  • Granite Countertops
  • Tile Flooring
  • Back Yard
  • Balcony
  • Fenced

About This Home

As of April 2022

Fabulous opportunity to own an attractive and turn-key 4-plex on one of the most desirable tree-lined streets in the Santee neighborhood of San Jose. Fully rented with long-term tenants. Dedicated parking behind building. Each unit has been updated prior to listing with a new oven/stove and hood, as well as a new wall heater (see photos). In addition, all section one work has been completed and cleared and the exterior of the building has been freshly painted. The building is surrounded by mature shade trees and planting areas, as well as freshly painted front and back yard fencing. Other updates over the years include - granite and solid surface countertops, tile floors in bathrooms, laminate floors in living areas and bedrooms, new Armstrong foam roof in 2016, custom hardscape and landscape in 2012, main sewer line replaced in 2014, almost entirely repiped in 2016, and custom wrought iron balcony railings and front and back fencing in 2016/2017.

Last Agent to Sell the Property

Kirsten Reilly

Compass License #01383856 Listed on: 02/12/2022

Compass

Last Buyer's Agent

Veronica Juarez

Platinum Realtors License #01928788

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

  • 8,159 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Composition Roof
  • Foam Roof

Interior Spaces

  • 3,264 Sq Ft Home
  • 2-Story Property
  • Security Lights

Kitchen

  • Gas Oven
  • Range Hood
  • Granite Countertops
  • Corian Countertops

Flooring

  • Laminate
  • Tile

Parking

  • 5 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $65,040

Community Details

Overview

  • Property has a Home Owners Association
  • The community has rules related to parking rules

Pet Policy

  • No Pets Allowed

Building Details

  • 4 Leased Units
  • Gardener Expense $960
  • Insurance Expense $2,055
  • Maintenance Expense $1,400
  • Utility Expense $7,440
  • Trash Expense $2,400
  • Operating Expense $21,148
  • Gross Income $65,040

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Restrictions: Parking Restrictions, Pets - Not Allowed
  • Age: 52
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3264
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Interior Features

  • Kitchen: Countertop - Granite, Countertop - Solid Surface / Corian, Exhaust Fan, Hood Over Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3264
  • Stories: 2
  • Security: Security Lights
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Flat / Low Pitch, Foam
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Assigned Spaces

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Condo/Co-op/Association

  • Complex Name: Santee
  • HOA Fees: 280
  • HOA Exist: Yes

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.1873
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8160.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8160.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.53
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2055
  • Expense Landscape: 960
  • Expense Maintenance: 1400
  • Expenses Total: 21148
  • Expenses Utility: 7440
  • Expense Trash: 2400
  • Income Annual Gross: 65040.00
  • Income Annual Rental: 65040
  • Income Gross Scheduled: 65040
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Association, Insurance, Maintenance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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
04/19/2022 04/19/22 Sold $1,410,000 +0.7% $432 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
02/12/2022 02/12/22 For Sale $1,400,000 -- $429 / 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: ML81878138

MLSListings

APN: 477-32-146