NOT LISTED FOR SALE
8 Beds
4 Baths
2,720 Sq Ft
10,228 Sq Ft Lot

Last Sold August 30, 2019

Last sale price $1,310,000 $482 Per Sq Ft

26 Days on Market

Highlights

  • Traditional Architecture
  • Shed
  • Carpet
  • Storage Room
  • Level Lot
  • 1-Story Property

About This Home

As of August 2019

Excellent investment opportunity to purchase a huge, 2,720SF Duplex in Prime San Jose area just a short distance to Proposed Google and Apple Campuses. With two separate structures each with approx 1,350sf and an excellent unit mix of 4 bedrooms and 2 bathrooms you are essentially getting two single family homes for $600,000 each! Live in one side and rent out the other to help with mortgage or hold as a pure rental property. Walk to nearby Parks, Downtown shopping, San Jose State University and easy freeway access for commuting. Nearby redevelopment makes this a perfect time to invest in this, one of the last affordable neighborhoods close to downtown San Jose. Large 10,000+SF lot offers possibility for expansion. Current rents are well below market rate, all units are currently occupied with month to month leases.

Last Agent to Sell the Property

Travis Bertelsen

Christie's International Real Estate Sereno License #01718785 Listed on: 08/01/2019

Christie's International Real Estate Sereno

Last Buyer's Agent

Yulan Carr

Maxreal Property License #01224814

Maxreal Property

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 10,228 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage
  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,720 Sq Ft Home
  • 1-Story Property
  • Storage Room
  • Washer and Dryer Hookup
  • Synthetic Countertops

Flooring

  • Carpet
  • Vinyl

Additional Features

  • Shed
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $44,940

Community Details

Overview

  • 2,720 Sq Ft Building

Building Details

  • 5 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,300
  • Manager Expense $600
  • Trash Expense $1,644
  • Operating Expense $9,372
  • Gross Income $44,940

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

10,228 Sq Ft Lot

Parking

1

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2720
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Synthetic
  • Living Sq Ft: 2720
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Storage Shed / Structure
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Off-Street Parking, On Street

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2348
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10230.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10230.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 26.70
  • Number Of Leased: 5

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1300
  • Expense Landscape: 600
  • Expense Management: 600
  • Expenses Total: 9372
  • Expense Trash: 1644
  • Income Annual Gross: 44940.00
  • Income Annual Rental: 44940
  • Income Gross Scheduled: 44940
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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
08/30/2019 08/30/19 Sold $1,310,000 +9.2% $482 / Sq Ft
08/28/2019 08/28/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $1,200,000 -- $441 / Sq Ft
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 $18,562 $1,432,673 $1,093,645 $339,028
2024 $18,562 $1,404,582 $1,072,201 $332,381
2023 $18,206 $1,377,042 $1,051,178 $325,864
2022 $18,026 $1,350,042 $1,030,567 $319,475
2021 $17,644 $1,323,571 $1,010,360 $313,211
2020 $18,618 $1,310,000 $1,000,000 $310,000
2019 $5,781 $225,406 $119,419 $105,987
2018 $5,228 $220,987 $117,078 $103,909
2017 $5,144 $216,655 $114,783 $101,872
2016 $4,950 $212,408 $112,533 $99,875
2015 $4,906 $209,218 $110,843 $98,375
2014 $3,249 $205,120 $108,672 $96,448
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81762797

MLSListings

APN: 467-38-089

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