NOT LISTED FOR SALE
Studio
-- Bath
1,464 Sq Ft
5,510 Sq Ft Lot

Last Sold February 26, 2024

Last sale price $965,000 $659 Per Sq Ft

106 Days on Market

Highlights

  • Docks
  • Independence High School Rated A-
  • 1-Story Property

About This Home

As of February 2024

Great investment opportunity!! can be great for owner/ investor. Duplex. Two houses in a lot with different numbers. Lowest price 2-Units in San Jose. Each unit is a 2-bedroom 1-bath rents $5,200. 1 gas meters, 2 electrical meters. Tenants pay their own utilities. Perfect for the first-time buyer using FHA or VA financing. Live in one unit and rent the other unit to help with the mortgage payment. Long driveway for extra parking.

Last Agent to Sell the Property

Terri Le

Alliance Bay Realty License #01470512 Listed on: 10/11/2023

Alliance Bay Realty

Last Buyer's Agent

Truman Nhu

CENTURY 21 Masters License #01110101

CENTURY 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 5,510

Parking

  • 2 Car Garage
  • 4 Carport Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,464 Sq Ft Home
  • 1-Story Property

Additional Features

  • Docks
  • 5,510 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Total Actual Rent $2,600

Community Details

Overview

  • 1,464 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $100
  • Insurance Expense $525
  • Maintenance Expense $120
  • Manager Expense $120
  • Other Expense $230
  • Utility Expense $70
  • Trash Expense $50
  • Operating Expense $1,215
  • Gross Income $4,992

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1464
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 1464
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 6
  • Garage Parking Features: Boat Dock, Covered Parking
  • Carport Min: 4

Utilities

  • Heating System: No Heating
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1265
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5511.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5511.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 199.32
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 525
  • Expense Landscape: 100
  • Expense Maintenance: 120
  • Expense Management: 120
  • Expenses Other: 230
  • Expenses Total: 1215
  • Expenses Utility: 70
  • Expense Trash: 50
  • Income Annual Gross: 4992.00
  • Income Annual Rental: 2600
  • Income Gross Scheduled: 4992
  • Income Includes: Improvements
  • Income Other: 2392
  • Meters: Master Electric, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Utilities
  • Tenant Expenses: Utilities - Gas, Utilities - Water

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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
02/26/2024 02/26/24 Sold $965,000 -3.0% $659 / Sq Ft
01/31/2024 01/31/24 Price Changed $995,000 +4.8% $680 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
01/26/2024 01/26/24 For Sale $949,000 0.0% $648 / Sq Ft
01/02/2024 01/02/24 Pending -- -- --
12/31/2023 12/31/23 For Sale $949,000 0.0% $648 / Sq Ft
12/21/2023 12/21/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $949,000 -- $648 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $9,691 $984,300 $765,000 $219,300
2024 $9,691 $552,829 $360,544 $192,285
2023 $9,471 $541,990 $353,475 $188,515
2022 $9,282 $531,364 $346,545 $184,819
2021 $8,929 $520,946 $339,750 $181,196
2020 $8,687 $515,606 $336,267 $179,339
2019 $8,422 $505,497 $329,674 $175,823
2018 $8,295 $495,586 $323,210 $172,376
2017 $8,305 $485,870 $316,873 $168,997
2016 $7,846 $476,344 $310,660 $165,684
2015 $7,835 $469,190 $305,994 $163,196
2014 $5,217 $334,099 $145,576 $188,523
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81944705

MLSListings

APN: 481-27-025