NOT LISTED FOR SALE
10 Beds
6 Baths
3,859 Sq Ft
6,586 Sq Ft Lot

Sale Details

Date Sold: October 28, 2021

Last sale price $1,675,000 $434 Per Sq Ft

59 Days on Market

About This Home

As of October 2021

SELLER FINANCING - $1,000,000 loan at 3.5% fixed for 15 years **** Incredible opportunity to acquire a 4-plex and ultimately pay off the loan in 15 years **** The property features a lovely unit mix of (2) 3 bedroom / 2 bathroom townhouses and (2) 2 bedroom / 1 bathroom townhouses **** These spacious apartments average 965 square feet each and feature a private patio or balcony **** The property has solid in-place rents with upside potential **** This vital rental location is minutes from Downtown San Jose and is conveniently located near freeways 101, 280, and 680 **** The property is also minutes away from shopping, schools, and parks.

Last Agent to Sell the Property

Truman Nhu

CENTURY 21 Masters License #01110101 Listed on: 06/04/2021

CENTURY 21 Masters

Co-Listed By

Alexia Judy Nguyen

CENTURY 21 Masters License #01262272

Last Buyer's Agent

Truman Nhu

CENTURY 21 Masters License #01110101 Listed on: 06/04/2021

CENTURY 21 Masters
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 6,586

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,859 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • 6,586 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $103,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,600
  • Maintenance Expense $3,000
  • Utility Expense $3,600
  • Trash Expense $1,800
  • Operating Expense $34,100
  • Gross Income $98,880

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

6,586 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3859
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3859
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Covered Parking
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1512
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6587.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6587.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 16.50
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1600
  • Expense Landscape: 600
  • Expense Maintenance: 3000
  • Expenses Total: 34100
  • Expenses Utility: 3600
  • Expense Trash: 1800
  • Income Annual Gross: 98880.00
  • Income Annual Rental: 103000
  • Income Gross Scheduled: 103000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Sewer, Utilities, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2023
Sold by
Bought by

Purchase Details

Listed on
Jun 4, 2021
Closed on
Oct 19, 2021
Sold by
Bought by
Seller's Agent
Truman Nhu
CENTURY 21 Masters
Buyer's Agent
Truman Nhu
CENTURY 21 Masters
List Price
$1,700,000
Sold Price
$1,675,000
Premium/Discount to List
-$25,000
-1.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2015
Sold by
Bought by

Purchase Details

Closed on
May 28, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,675,000 Orange Coast Ttl Co Of Nocal
-- None Available
-- None Available
-- Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,000,000
Previous Owner $141,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $1,675,000 -1.5% $434 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
08/03/2021 08/03/21 Price Changed $1,700,000 0.0% $441 / Sq Ft
06/04/2021 06/04/21 For Sale $1,700,000 -- $441 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $25,083 $1,813,073 $1,396,337 $416,736
2025 $24,612 $1,777,523 $1,368,958 $408,565
2024 $24,612 $1,742,670 $1,342,116 $400,554
2023 $24,171 $1,708,500 $1,315,800 $392,700
2022 $23,736 $1,675,000 $1,290,000 $385,000
2021 $6,393 $344,504 $105,252 $239,252
2020 $6,334 $340,972 $104,173 $236,799
2019 $6,175 $334,287 $102,131 $232,156
2018 $6,089 $327,733 $100,129 $227,604
2017 $6,084 $321,308 $98,166 $223,142
2016 $5,741 $315,009 $96,242 $218,767
2015 $5,691 $310,278 $94,797 $215,481
2014 -- $304,202 $92,941 $211,261
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81856461

MLSListings

APN: 481-44-046

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