NOT LISTED FOR SALE
3 Beds
3 Baths
2,088 Sq Ft
1,978 Sq Ft Lot

Last Sold January 22, 2024

Last sale price $1,030,000 $493 Per Sq Ft

About This Home

As of January 2024

***$50k+ PRICE IMPROVEMENT*** Magnify Real Estate is pleased to exclusively present the opportunity to acquire 217 E Saint James St, a three (3) unit value-add investment property located in the highly desirable city of San Jose. Constructed in 1904, the property consists of (3) one-bedroom/one-bath units amounting to a building square feet of 2,088. The 2nd floor provides access to the patio and the backyard. One of the units will be delivered vacant, presenting a versatile option for an owner-occupant seeking a delightful home or for a new owner to lease it at a competitive market rate. The property is located a couple of blocks from SoFA district and is a short distance to San Jose State University, San Pedro Square, and the proposed Google Campus. It also provides easy access to Highways 87 and 280. Finally, the property is within close proximity to renowned tech companies including Zoom, Adobe HQ, eBay, and more.

Last Agent to Sell the Property

Amit Urban

Magnify Real Estate License #01998926 Listed on: 01/22/2024

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1904

Lot Details

  • 1,978 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,088 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $80,784

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,000
  • Insurance Expense $3,000
  • Maintenance Expense $1,000
  • Utility Expense $1,080
  • Operating Expense $23,359
  • Gross Income $78,360

Property Details

Home Type

Multi-Family

Year Built

1904

Lot Details

1,978 Sq Ft Lot

Listing Details

  • Zoning: CG
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2088
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1904

Interior Features

  • Living Sq Ft: 2088
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.0454
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1977.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1977.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.60
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 1000
  • Expense Maintenance: 1000
  • Expenses Total: 23359
  • Expenses Utility: 1080
  • Income Annual Gross: 78360.00
  • Income Annual Rental: 80784
  • Income Gross Scheduled: 80784
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Professional Services, Fee - Property Tax, Insurance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3
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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
01/22/2024 01/22/24 Sold $1,030,000 -- $493 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
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 $8,995 $1,050,600 $714,000 $336,600
2024 $8,995 $470,337 $283,977 $186,360
2023 $8,739 $461,115 $278,409 $182,706
2022 $8,633 $452,074 $272,950 $179,124
2021 $8,328 $443,211 $267,599 $175,612
2020 $7,992 $438,668 $264,856 $173,812
2019 $7,745 $430,067 $259,663 $170,404
2018 $7,616 $421,635 $254,572 $167,063
2017 $7,520 $413,369 $249,581 $163,788
2016 $7,306 $405,265 $244,688 $160,577
2015 $7,236 $399,178 $241,013 $158,165
2014 $5,913 $391,359 $236,292 $155,067
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81952157

MLSListings

APN: 467-02-017

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