NOT LISTED FOR SALE
6 Beds
5 Baths
3,280 Sq Ft
8,276 Sq Ft Lot

Last Sold October 03, 2024

Last sale price $1,160,000 $354 Per Sq Ft

12 Days on Market

Highlights

  • 2 Car Attached Garage
  • Heating System Uses Gas
  • 4-minute walk to Rocksprings Park

About This Home

As of October 2024

Great Investment Opportunity! Rare 3 bedroom 2 bath unit with a huge private yard and direct access to garage, plus 3 - one bed one bath units. Long term tenants - 2 tenants have been there for over 13 years. Rents are below market value. Each unit has a 1 car garage and 1 assigned parking space. The 3 bedroom unit has a 1 car garage, 3 assigned parking spaces, and a big backyard! Great central location close to Kelley Park, George Shirakawa Sr. Elementary School, Coyote Creek, Costco, Downtown SJ, San Jose State University, public transportation, restaurants, cafes, all major freeways, and so much more!

Last Agent to Sell the Property

Pete Myers

Coldwell Banker Realty License #01094953 Listed on: 09/03/2024

Coldwell Banker Realty

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 8,276 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,280 Sq Ft Home
  • 2-Story Property

Utilities

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

Listing and Financial Details

  • Total Actual Rent $81,540

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $960
  • Insurance Expense $2,222
  • Maintenance Expense $6,000
  • Other Expense $2,400
  • Utility Expense $3,840
  • Trash Expense $2,467
  • Operating Expense $28,562
  • Gross Income $83,340

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

8,276 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R3H
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3280
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3280
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 6
  • Garage Parking Features: Assigned Spaces, Attached Garage

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Electric, Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8276.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8276.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 15.57
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2222
  • Expense Landscape: 960
  • Expense Maintenance: 6000
  • Expenses Other: 2400
  • Expenses Total: 28562
  • Expenses Utility: 3840
  • Expense Trash: 2467
  • Income Annual Gross: 83340.00
  • Income Annual Rental: 81540
  • Income Gross Scheduled: 83340
  • Income Includes: Coin Operated Equip, Rents
  • Income Other: 1800
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Laundry, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
10/03/2024 10/03/24 Sold $1,160,000 -10.6% $354 / Sq Ft
09/16/2024 09/16/24 Pending -- -- --
09/12/2024 09/12/24 Price Changed $1,298,000 -7.2% $396 / Sq Ft
09/03/2024 09/03/24 For Sale $1,398,000 -- $426 / Sq Ft
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 $13,430 $1,160,000 $800,000 $360,000
2024 $13,430 $684,541 $282,607 $401,934
2023 $13,148 $671,119 $277,066 $394,053
2022 $12,851 $657,961 $271,634 $386,327
2021 $12,607 $645,060 $266,308 $378,752
2020 $12,054 $638,447 $263,578 $374,869
2019 $13,270 $625,929 $258,410 $367,519
2018 $13,100 $613,657 $253,344 $360,313
2017 $12,875 $601,626 $248,377 $353,249
2016 $12,283 $589,830 $243,507 $346,323
2015 $12,068 $580,971 $239,850 $341,121
2014 $8,691 $569,591 $235,152 $334,439
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81978905

MLSListings

APN: 477-29-077

Your Personal Tour Guide

Ask me questions while you tour the home.