NOT LISTED FOR SALE
5 Beds
4 Baths
2,488 Sq Ft
3,977 Sq Ft Lot

Sale Details

Date Sold: October 27, 2017

Last sale price $1,130,000 $454 Per Sq Ft

17 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • Coin Laundry
  • Storage Room

About This Home

As of October 2017

Great fourplex opportunity in the Sunol Midtown section of San Jose bordering the Rose Garden and just a few short blocks to the proposed Google Downtown San Jose Campus. All units rented and are on month to month leases. This fourplex is in relatively great condition and is contiguous to a duplex at 170 Rainier St. which is an active listing owned by the same trust. Buy them both and run this as a 6-unit apartment building!

Last Agent to Sell the Property

Rob Ellis

RE/MAX Realty Partners License #01143996 Listed on: 08/04/2017

RE/MAX Realty Partners

Last Buyer's Agent

Rayin Lee

Giant Realty Inc. License #01150698

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 3,977 Sq Ft Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,488 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Laundry Room

Flooring

  • Laminate
  • Tile

Parking

  • 6 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

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

Listing and Financial Details

  • Total Actual Rent $63,840

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $2,207
  • Maintenance Expense $1,578
  • Other Expense $300
  • Utility Expense $3,030
  • Operating Expense $21,177
  • Gross Income $65,040

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

3,977 Sq Ft Lot

Listing Details

  • Zoning: R1-8
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2488
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 2488
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Laminate, Tile
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Flat / Low Pitch, Rolled Composition, Shingle

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Common Parking Area, Covered Parking, Off-Street Parking, On Street
  • Carport Min: 4

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Available

Lot Info

  • Lot Acres: 0.0913
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3977.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3977.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 17.30
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2207
  • Expense Maintenance: 1578
  • Expenses Other: 300
  • Expenses Total: 21177
  • Expenses Utility: 3030
  • Income Annual Gross: 65040.00
  • Income Annual Rental: 63840
  • Income Gross Scheduled: 65040
  • Income Includes: Coin Operated Equip, Rents
  • Income Other: 1200
  • Meters: Master Electric, Master Gas, Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Association, Fee - License/Advertising, Fee - Property Tax, Insurance, Maintenance - Exterminator, Maintenance - Repair, Services - Trash Removal, Utilities - Electric
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
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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
10/27/2017 10/27/17 Sold $1,130,000 -- $454 / Sq Ft
08/22/2017 08/22/17 Pending -- -- --
Source: MLSListings

Tax History

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
2025 $20,416 $1,285,741 $864,747 $420,994
2024 $20,416 $1,260,532 $847,792 $412,740
2023 $19,919 $1,235,817 $831,169 $404,648
2022 $19,665 $1,211,586 $814,872 $396,714
2021 $19,068 $1,187,831 $798,895 $388,936
2020 $18,340 $1,175,652 $790,704 $384,948
2019 $17,805 $1,152,600 $775,200 $377,400
2018 $17,543 $1,130,000 $760,000 $370,000
2017 $5,063 $80,171 $16,895 $63,276
2016 $4,814 $78,600 $16,564 $62,036
2015 $4,747 $77,421 $16,316 $61,105
2014 $2,251 $75,906 $15,997 $59,909
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81672806

MLSListings

APN: 261-31-079

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