NOT LISTED FOR SALE

3175 Locke Dr San Jose, CA 95111

Hellyer Neighborhood
8 Beds
5 Baths
3,369 Sq Ft
9,962 Sq Ft Lot

Last Sold October 30, 2023

Last sale price $1,580,000 $469 Per Sq Ft

11 Days on Market

About This Home

As of October 2023

Great opportunity to own a stable cash flow. 3 units on a large lot that has potential of expansion and development for more income. Each unit has laundry inside and a fenced private backyard/front yard. All units have updated bathrooms, double pane windows, gas ranges, shower over tub bathrooms and large living rooms. (1 unit has brand new appliances and wall heaters) All units have an assigned detached one car garage and one parking space in a large shared yard in the back of the building. Nearby shops, schools and Highways. Great investment opportunity. One unit in the process to be leased, two units have a one year lease. Bring your best offer!

Last Agent to Sell the Property

Stephanie Gibri

KW Santa Clara Valley Inc License #01997987 Listed on: 09/29/2023

KW Santa Clara Valley Inc

Last Buyer's Agent

Larry Nguyen

Alliance Bay Realty License #01361328

Alliance Bay Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1971

Lot Details

  • 9,962

Parking

  • 3 Car Detached Garage
  • Uncovered Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3,369 Sq Ft Home
  • 2-Story Property
  • Security Lights
  • Oven or Range

Flooring

  • Wood
  • Laminate
  • Tile

Additional Features

  • 9,962 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $109,740
  • Month-to-Month Lease Term

Community Details

Overview

  • 3,369 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $500
  • Insurance Expense $1,445
  • Maintenance Expense $500
  • Manager Expense $10
  • Other Expense $772
  • Operating Expense $20,782
  • Gross Income $104,253

Property Details

Home Type

Multi-Family

Year Built

1971

Lot Details

0

Parking

3

Listing Details

  • Zoning: R3H
  • Subclass: Triplex
  • Age: 52
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3369
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1971

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 3369
  • Stories: 2
  • Security: Security Lights
  • Flooring: Hardwood, Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 6
  • Garage Parking Features: Detached Garage, Off-Street Parking, Room For Oversized Vehicle, Uncovered Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: East Side Union High
  • Elementary School: Ramblewood Elementary
  • Middle School: Sylvandale Junior High
  • High School: Andrew P. Hill High
  • High School: 244
  • Elementary School: 1072
  • Middle School: 123

Lot Info

  • Lot Acres: 0.2287
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9963.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9963.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 14.84
  • Number Of Leased: 2

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Expense Insurance: 1445
  • Expense Landscape: 500
  • Expense Maintenance: 500
  • Expense Management: 10
  • Expenses Other: 772
  • Expenses Total: 20782
  • Income Annual Gross: 104253.00
  • Income Annual Rental: 109740
  • Income Gross Scheduled: 109740
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Equipment/Fixture Rental, Fee - Property Tax, Insurance, Maintenance, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Heating, 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
10/30/2023 10/30/23 Sold $1,580,000 -3.0% $469 / Sq Ft
10/11/2023 10/11/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $1,628,888 -- $483 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Stephanie Gibri

    KW Santa Clara Valley Inc

    (408) 394-8353

    1 in this area

    2 Total Sales

    Stephanie Gibri
    Section Image

  • L

    Buyer's Agent in 2023

    Larry Nguyen

    Alliance Bay Realty

    (408) 802-8015

    2 in this area

    29 Total Sales

    Larry Nguyen
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81943636

MLSListings

APN: 494-40-019

California Santa Clara County San Jose 95111 Hellyer

3175 Locke Dr, San Jose, CA

This home is located at 3175 Locke Dr, San Jose, CA 95111 since 29 September 2023. This property was built in 1971. 3175 Locke Dr is a home located in Santa Clara County with nearby schools including Ramblewood Elementary School, Sylvandale Middle School, and Andrew P. Hill High School.

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