NOT LISTED FOR SALE

1415 Tami Lee Dr San Jose, CA 95122

Santee Neighborhood
8 Beds
4 Baths
3,264 Sq Ft
7,915 Sq Ft Lot

Last Sold April 14, 2022

Last sale price $1,360,000 $417 Per Sq Ft

16 Days on Market

About This Home

As of April 2022

The Gustavson Group of Compass Commercial is pleased to announce the exclusive marketing of 1415 Tami Lee Drive, in San Jose, California. Over 45% upside from current rents to market rents, this is an amazing opportunity to increase your cashflow to over a 5.40% cap rate. All exterior Section 1 work is on schedule to be repaired, replaced, and completed by 3/15/22. Priced well-below the comparable sales.

Last Agent to Sell the Property

Nathan Gustavson

Compass License #01898316 Listed on: 02/22/2022

Compass

Last Buyer's Agent

Nathan Gustavson

Compass License #01898316 Listed on: 02/22/2022

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

  • 7,915 Sq Ft Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

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

Flooring

  • Laminate
  • Tile

Parking

  • 4 Parking Spaces
  • Covered Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $75,624

Community Details

Overview

  • Property has a Home Owners Association

Building Details

  • 4 Leased Units
  • Insurance Expense $1,500
  • Maintenance Expense $2,200
  • Other Expense $3,360
  • Utility Expense $5,853
  • Trash Expense $2,814
  • Operating Expense $35,127
  • Gross Income $73,355

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • 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

  • Living Sq Ft: 3264
  • Stories: 2
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 280
  • HOA Exist: Yes

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.1817
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7913.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7913.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.56
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expense Maintenance: 2200
  • Expenses Other: 3360
  • Expenses Total: 35127
  • Expenses Utility: 5853
  • Expense Trash: 2814
  • Income Annual Gross: 73355.00
  • Income Annual Rental: 75624
  • Income Gross Scheduled: 75624
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Association, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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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
04/14/2022 04/14/22 Sold $1,360,000 +2.4% $417 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $1,328,000 -- $407 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nathan Gustavson

    Compass

    (415) 874-5000

    1 in this area

    62 Total Sales

    Nathan Gustavson
    Section Image
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Map

Source: MLSListings

MLS Number: ML81879300

MLSListings

APN: 477-32-131

California Santa Clara County San Jose 95122 Santee

1415 Tami Lee Dr, San Jose, CA

This home is located at 1415 Tami Lee Dr, San Jose, CA 95122 since 22 February 2022. This property was built in 1970. 1415 Tami Lee Dr is a home located in Santa Clara County with nearby schools including Santee Elementary School, Sylvandale Middle School, and Yerba Buena High School.

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