NOT LISTED FOR SALE
6 Beds
3 Baths
1,602 Sq Ft
4,539 Sq Ft Lot

Last Sold October 06, 2021

Last sale price $930,000 $581 Per Sq Ft

36 Days on Market

About This Home

As of October 2021

TERRIFIC INCOME OPPORTUNITY TO OWN THIS GREAT 3 UNIT INVESTMENT PROPERTY IN THE HEART OF DOWNTOWN SAN JOSE! INCREASED RENTAL POTENTIAL WITH THE UPCOMING GOOGLE MEGA CAMPUS. CLOSE TO SAN JOSE STATE UNIVERSITY, SAP CENTER AS WELL AS ADOBE, ORACLE, ZOOM, AND EASY ACCESS TO FREEWAYS.

Last Agent to Sell the Property

Pete Myers

Coldwell Banker Realty License #01094953 Listed on: 07/23/2021

Coldwell Banker Realty

Last Buyer's Agent

Jena Lockwood

eXp Realty of California Inc License #02137221

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1922

Lot Details

  • 4,539

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,602 Sq Ft Home
  • 1-Story Property

Parking

  • 3 Parking Spaces
  • No Garage
  • Uncovered Parking
  • Assigned Parking

Additional Features

  • 4,539 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $62,100

Community Details

Overview

  • 1,602 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $840
  • Insurance Expense $16,344
  • Maintenance Expense $2,400
  • Utility Expense $1,740
  • Operating Expense $32,124
  • Gross Income $58,995

Property Details

Home Type

Multi-Family

Year Built

1922

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Triplex
  • Age: 99
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1602
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1922

Interior Features

  • Living Sq Ft: 1602
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, No Garage, Uncovered Parking

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.1042
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4537.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4537.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 16.51
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 16344
  • Expense Landscape: 840
  • Expense Maintenance: 2400
  • Expenses Total: 32124
  • Expenses Utility: 1740
  • Income Annual Gross: 58995.00
  • Income Annual Rental: 62100
  • Income Gross Scheduled: 62100
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

Range of Values:

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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
10/06/2021 10/06/21 Sold $930,000 -9.3% $581 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/18/2021 08/18/21 Price Changed $1,025,000 -6.8% $640 / Sq Ft
07/23/2021 07/23/21 For Sale $1,100,000 +81.2% $687 / Sq Ft
09/10/2013 09/10/13 Sold $607,000 +21.6% $389 / Sq Ft
08/15/2013 08/15/13 Pending -- -- --
08/01/2013 08/01/13 For Sale $499,000 -- $320 / 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: ML81855139

MLSListings

APN: 467-03-034