NOT LISTED FOR SALE
6 Beds
4 Baths
2,920 Sq Ft
7,187 Sq Ft Lot

Last Sold June 09, 2021

Last sale price $1,633,000 $559 Per Sq Ft

9 Days on Market

Highlights

  • Traditional Architecture
  • Balcony
  • Coin Laundry
  • Wood Flooring
  • Double Pane Windows

About This Home

As of June 2021

Situated steps from the historic San Jose Rose Garden and close to Santa Clara University, this 4 unit building has a history of full occupancy being situated in a hyper-convenient location with quality homes surrounding. Frontage road (Davis Street) has multi-unit properties, but otherwise the neighborhood mainly quality, single-family homes. Enjoy solid income on day 1 from this easy-to-manage 4 unit building. Good mix of units: (2) 2bdrm 1 bath, (2) 1 bdrm 1 bath. Double pane windows throughout, new exterior painting, various unit improvements (some units hardwood flooring, others carpet) newer kitchens, lighting, etc. Shared coin-laundry at property (landlord owned). Spacious unit square footage, convenient carport location and each unit has a front and back entrance with 2 bdrm units sharing large balcony.

Last Listed By

nicholas french

Christie's International Real Estate Sereno License #01350085 Listed on: 04/23/2021

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Year Built

  • 1953

Lot Details

  • 7,187 Sq Ft Lot
  • Sprinklers on Timer

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Traditional Architecture
  • Flat Roof Shape
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,920 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Security Lights

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Outdoor Features

  • Balcony

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $83,844
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $1,440
  • Insurance Expense $1,538
  • Utility Expense $5,820
  • Trash Expense $1,668
  • Operating Expense $22,852
  • Gross Income $89,844

Property Details

Home Type

Multi-Family

Year Built

1953

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Traditional
  • Age: 68
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1953

Interior Features

  • Kitchen: Countertop - Other, Dishwasher, Garbage Disposal, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2920
  • Stories: 2
  • Security: Security Lights
  • Laundry: Coin Operated
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch
  • Yard/Grounds: Balcony / Patio, Sprinklers - Auto, Sprinklers - Lawn

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.1650
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7188.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7188.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.23
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1538
  • Expense Landscape: 1440
  • Expenses Total: 22852
  • Expenses Utility: 5820
  • Expense Trash: 1668
  • Income Annual Gross: 89844.00
  • Income Annual Rental: 83844
  • Income Gross Scheduled: 89844
  • Income Includes: Laundry, Rents
  • Income Other: 6000
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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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
06/09/2021 06/09/21 Sold $1,633,000 -0.3% $559 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $1,638,000 -- $561 / 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: ML81840594

MLSListings

APN: 274-27-022