NOT LISTED FOR SALE
8 Beds
5 Baths
3,758 Sq Ft
8,612 Sq Ft Lot

Last Sold September 12, 2022

Last sale price $2,060,000 $548 Per Sq Ft

7 Days on Market

Highlights

  • Balcony
  • Storage Room
  • Forced Air Heating and Cooling System
  • Laundry Room
  • Shed
  • Coin Laundry

About This Home

As of September 2022

Attractive, well located, quality fourplex in the highly desirable Rose Garden neighborhood of San Jose. Excellent Unit Mix: (1) 3 BR 2 BA Unit; (2) 2 BR 1 BA Units and (1) 1 BR 1 BA Unit. The Bedroom in the 3 BR 2 BA Unit closest to the dining area has a double pocket door entry instead of a conventional bedroom door, has a wet bar and a small closet. Buyer should make its own determination as to if this room should be considered a Bedroom, Den, Home Office or other purpose room. Spacious & desirable floor plans. 3 BR 2 BA Unit is ideal for an Owner Occupant and its features include: Private patio; fireplace, recessed lighting in living room; Primary Bedroom has walk-in closet & 2 sinks in the bathroom. Dual pane windows throughout. All Units have a private patio or partially enclosed balcony. Partial sewer lateral replacement in 2022. 3 Units have Central Heat and Central A/C, 4th Unit has wall A/C & wall furnace heat. Across the street from quality single family homes. Laundry room.

Last Agent to Sell the Property

Keith Suddjian

Cornish & Carey Commercial License #00673961 Listed on: 08/25/2022

Co-Listed By

Joel Hopman

Newmark Cornish & Carey License #01934574

Last Buyer's Agent

Mahmood Azad

S And T Properties License #01743158

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 8,612 Sq Ft Lot

Parking

  • 5 Carport Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,758 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Laundry Room

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher

Outdoor Features

  • Balcony
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $116,100
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 2 Leased Units
  • Insurance Expense $2,550
  • Maintenance Expense $3,452
  • Manager Expense $2,400
  • Other Expense $2,860
  • Utility Expense $4,167
  • Operating Expense $44,977
  • Gross Income $111,008

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Listing Details

  • Zoning: R-M
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3758
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: Dishwasher, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3758
  • Stories: 2
  • Laundry: Coin Operated
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Balcony / Patio, Storage Shed / Structure

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 5

Utilities

  • Cooling System: Central Ac, Window / Wall Unit
  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 239

Lot Info

  • Lot Acres: 0.1977
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8612.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8612.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.19
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2550
  • Expense Maintenance: 3452
  • Expense Management: 2400
  • Expenses Other: 2860
  • Expenses Total: 44977
  • Expenses Utility: 4167
  • Income Annual Gross: 111008.00
  • Income Annual Rental: 116100
  • Income Gross Scheduled: 116850
  • Income Includes: Laundry, Rents
  • Income Other: 750
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Miscellaneous/Other, Reserve Fund, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 5

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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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
09/12/2022 09/12/22 Sold $2,060,000 -3.1% $548 / Sq Ft
09/02/2022 09/02/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $2,125,000 -- $565 / 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 $29,207 $2,143,224 $1,602,216 $541,008
2024 $29,207 $2,101,200 $1,570,800 $530,400
2023 $28,638 $2,060,000 $1,540,000 $520,000
2022 $6,064 $184,785 $36,978 $147,807
2021 $5,774 $181,162 $36,253 $144,909
2020 $5,481 $179,306 $35,882 $143,424
2019 $5,297 $175,791 $35,179 $140,612
2018 $5,136 $172,345 $34,490 $137,855
2017 $5,039 $168,966 $33,814 $135,152
2016 $4,790 $165,653 $33,151 $132,502
2015 $4,703 $163,166 $32,654 $130,512
2014 $3,273 $159,971 $32,015 $127,956
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81905223

MLSListings

APN: 274-40-059