NOT LISTED FOR SALE
8 Beds
4 Baths
2,808 Sq Ft
8,843 Sq Ft Lot

Last Sold May 25, 2023

Last sale price $1,550,000 $552 Per Sq Ft

4 Days on Market

Highlights

  • Tile Countertops
  • Carpet
  • 1-minute walk to Rocksprings Park
  • Coin Laundry

About This Home

As of May 2023

Truman Real Estate is pleased to present the opportunity to acquire 1804 Rock Spring Drive in San Jose *** Constructed in 1961, the property consists of (4) 2BD/1BA units with strong in-place rents, amounting to a building square footage of 2,808 on a large lot of 8,841 square feet.**** Assigned one car garage for each unit and some parking on the driveway in front of the garages **** The property also features on-site coin-operated laundry **** The property is centrally located in San Jose with strong rental demand and close proximity to San Jose State University, downtown San Jose, and top tech employers including Adobe HQ and Zoom **** It also features easy access to shopping centers and to Highways 101, 680, and 280.

Last Agent to Sell the Property

Truman Nhu

CENTURY 21 Masters License #01110101 Listed on: 04/26/2023

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: 04/26/2023

CENTURY 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 8,843

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,808 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Tile Countertops

Flooring

  • Carpet
  • Laminate

Additional Features

  • 8,843 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $125,724

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $500
  • Insurance Expense $2,200
  • Maintenance Expense $1,000
  • Operating Expense $24,324
  • Gross Income $126,249

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 62
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2808
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Countertop - Tile, Oven Range, Refrigerator
  • Living Sq Ft: 2808
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.2030
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8841.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8841.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.94
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2200
  • Expense Landscape: 500
  • Expense Maintenance: 1000
  • Expenses Total: 24324
  • Income Annual Gross: 126249.00
  • Income Annual Rental: 125724
  • Income Gross Scheduled: 127524
  • Income Includes: Laundry, Rents
  • Income Other: 1800
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Maintenance - Laundry, Services - Gardener, Services - Trash Removal, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 1

Range of Values:

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List 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 Change Sq Ft Price
05/25/2023 05/25/23 Sold $1,550,000 -6.1% $552 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/26/2023 04/26/23 For Sale $1,650,000 -- $588 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81925973

MLSListings

APN: 477-29-031