NOT LISTED FOR SALE
4 Beds
2 Baths
1,400 Sq Ft
5,441 Sq Ft Lot

Last Sold October 18, 2021

Last sale price $850,000 $607 Per Sq Ft

3 Days on Market

Highlights

  • Ceiling Fan
  • Independence High School Rated A-
  • 1-Story Property

About This Home

As of October 2021

Marcus & Millichap is pleased to present a bite sized, well-priced duplex in rapidly expanding East San Jose. The subject duplex is located at 2481-2483 Clyda Drive in San Jose seconds from Capital Expressway, interstate 680, highway 101, and Alum Rock Avenue. This duplex was built in 1961, is situated on a generous 5,616 square foot lot (per county assessor), and has a net rentable square footage of approximately 1,400 square feet (per county assessor). Moreover, 2481-2483 Clyda Drive has schools located in the rapidly improving San Jose Unified School district. The property feeds into Cesar Chavez Elementary School (822 API), Lee Mathson Middle School (708 API), and Independence High School (757 API).

Last Agent to Sell the Property

Jimmy Castellanos

Marcus & Millichap License #02024152 Listed on: 09/13/2021

Last Buyer's Agent

Uyen Nguyen

Pacificwide Real Estate & Mortgage License #01422514

Pacificwide Real Estate & Mortgage

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 5,441 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Utilities

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

Listing and Financial Details

  • Total Actual Rent $62,400

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,200
  • Insurance Expense $600
  • Maintenance Expense $1,200
  • Other Expense $3,839
  • Utility Expense $2,520
  • Trash Expense $549
  • Operating Expense $19,281
  • Gross Income $59,904

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 1400
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: East Side Union High
  • Elementary School: Cesar Chavez Elementary
  • Middle School: Lee Mathson Middle
  • High School: Independence High
  • High School: 246
  • Elementary School: 12
  • Middle School: 11

Lot Info

  • Lot Acres: 0.1249
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5439.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5439.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.30
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 600
  • Expense Landscape: 1200
  • Expense Maintenance: 1200
  • Expenses Other: 3839
  • Expenses Total: 19281
  • Expenses Utility: 2520
  • Expense Trash: 549
  • Income Annual Gross: 59904.00
  • Income Annual Rental: 62400
  • Income Gross Scheduled: 62400
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 4

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
10/18/2021 10/18/21 Sold $850,000 +2.4% $607 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
09/13/2021 09/13/21 For Sale $830,000 -- $593 / 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: ML81862498

MLSListings

APN: 484-39-065