NOT LISTED FOR SALE
3 Beds
3 Baths
2,006 Sq Ft
5,519 Sq Ft Lot

Last Sold September 19, 2022

Last sale price $950,000 $474 Per Sq Ft

12 Days on Market

About This Home

As of September 2022

Calling all savvy investors! This is your chance to own a triplex with great upside! The three 1BD/1BA units which include a four car garage and backyard are rented for a current total income of $4,320/month. Property needs work but the opportunity for a high-impact facelift is definitely there! Comparative market rates in the area support potentially higher rents once improvements are made. Please drive by but do not disturb tenants. Location is just blocks from downtown, parks, shopping, and San Jose State University's east campus.

Last Agent to Sell the Property

Bedbury Group

Golden Gate Sotheby's International Realty License #70010069 Listed on: 08/05/2022

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Ali Quyen Tran

KW Santa Clara Valley Inc License #02026330

KW Santa Clara Valley Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 5,519 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • Off-Street Parking

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,006 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $51,840

Community Details

Overview

  • 2,006 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $2,715
  • Maintenance Expense $1,000
  • Manager Expense $4,147
  • Utility Expense $2,396
  • Operating Expense $19,070
  • Gross Income $51,840

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Triplex
  • Age: 82
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 2006
  • Stories: 1
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Detached Garage, Off-Street Parking

Utilities

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

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.1267
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5518.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5518.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.34
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2715
  • Expense Landscape: 1800
  • Expense Maintenance: 1000
  • Expense Management: 4147
  • Expenses Total: 19070
  • Expenses Utility: 2396
  • Income Annual Gross: 51840.00
  • Income Annual Rental: 51840
  • Income Gross Scheduled: 51840
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Services - Gardener, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water

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
09/19/2022 09/19/22 Sold $950,000 +5.7% $474 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $899,000 -- $448 / 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: ML81902928

MLSListings

APN: 467-15-063