NOT LISTED FOR SALE

1458 Merry Ln San Jose, CA 95128

Castlemont Neighborhood
4 Beds
2 Baths
1,919 Sq Ft
7,475 Sq Ft Lot

Last Sold December 22, 2020

Last sale price $1,215,000 $633 Per Sq Ft

16 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • Level Lot
  • Del Mar High School Rated A-
  • Fenced
  • Carpet

About This Home

As of December 2020

Excellent investment Duplex! Fully rented duplex units with all rents current. Lease & month to month agreements. Separate electric/gas meters, each has own 1-car garage + 1 car driveway parking, each has own backyard. Units are in good shape and kept well by current tenants. Roof/gutters less than 2 years new with permit. Great location near shopping, commute routes, parks & Campbell schools. Boarders city of Campbell, excellent rental area and easy to manage building! Opportunity is knocking here and won't last so don't delay on picking up this great investment property!

Last Agent to Sell the Property

David Verbera

Realty World Villa California License #00878672 Listed on: 11/16/2020

Realty World Villa California

Last Buyer's Agent

Scott Kao

ERS Premier License #02101664

ERS Premier

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Lot Details

  • 7,475 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,919 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Utilities

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

Listing and Financial Details

  • Total Actual Rent $57,000
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Maintenance Expense $600
  • Other Expense $600
  • Utility Expense $4,000
  • Trash Expense $900
  • Operating Expense $20,700
  • Gross Income $57,000

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Tract
  • Age: 62
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Formica, Hood Over Range, Oven - Electric
  • Living Sq Ft: 1919
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1716
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7477.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7477.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 21.49
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1200
  • Expense Maintenance: 600
  • Expenses Other: 600
  • Expenses Total: 20700
  • Expenses Utility: 4000
  • Expense Trash: 900
  • Income Annual Gross: 57000.00
  • Income Annual Rental: 57000
  • Income Gross Scheduled: 57000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water

Range of Values:

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List Price
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 List to Sale Price per Sq Ft
12/22/2020 12/22/20 Sold $1,215,000 -0.8% $633 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/16/2020 11/16/20 For Sale $1,225,000 -- $638 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Verbera

    Seller's Agent in 2020

    David Verbera

    Realty World Villa California

    (408) 839-1072

    2 in this area

    44 Total Sales

    David Verbera
    Section Image

  • S

    Buyer's Agent in 2020

    Scott Kao

    ERS Premier

    Section Image
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Map

Source: MLSListings

MLS Number: ML81820484

MLSListings

APN: 279-28-070

California Santa Clara County San Jose 95008 Castlemont

1458 Merry Ln, San Jose, CA

This home is located at 1458 Merry Ln, San Jose, CA 95128 since 16 November 2020. This property was built in 1958. 1458 Merry Ln is a home located in Santa Clara County with nearby schools including Del Mar High School, Castlemont Elementary School, and Monroe Middle School.

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