NOT LISTED FOR SALE
4 Beds
2 Baths
1,400 Sq Ft
5,001 Sq Ft Lot

Last Sold December 09, 2022

Last sale price $875,000 $625 Per Sq Ft

17 Days on Market

Highlights

  • Spanish Architecture
  • Washer and Dryer
  • 1-Story Property
  • Independence High School Rated A-
  • Back Yard

About This Home

As of December 2022

Big possibilities for an East San Jose duplex centrally located between Highways 101 and 680. This 1400 square foot multi-family home is on a 5,000 square foot lot in an area of San Jose that has seen year over year appreciation. Each side of the symmetric duplex has a private garage, private laundry and a private back yard. Rents for each side were recently raised to $2,090 and $2,200, which are well below market. Move into one side and use the other to help with your mortgage OR rent out both and ride the Silicon Valley real estate wave. Either way there is massive upside potential with this San Jose gem.

Last Agent to Sell the Property

Brandyn Kringen

Atlantis Properties License #02068601 Listed on: 11/15/2022

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 5,001 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Spanish Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $51,480

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gross Income $48,906

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1-8
  • Subclass: Duplex
  • Style: Spanish
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 1400
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

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

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.39
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Income Annual Gross: 48906.00
  • Income Annual Rental: 51480
  • Income Gross Scheduled: 51480
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 5

Range of Values:

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Average Value
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List Price
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 Change Sq Ft Price
12/09/2022 12/09/22 Sold $875,000 -2.2% $625 / Sq Ft
12/03/2022 12/03/22 Pending -- -- --
11/28/2022 11/28/22 Price Changed $895,000 -5.8% $639 / Sq Ft
11/15/2022 11/15/22 For Sale $950,000 -- $679 / 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: ML81913111

MLSListings

APN: 484-39-078