NOT LISTED FOR SALE

318 Raymond Ave San Jose, CA 95128

Burbank Neighborhood
5 Beds
2 Baths
1,132 Sq Ft
3,973 Sq Ft Lot

Last Sold October 29, 2020

Last sale price $895,000 $791 Per Sq Ft

6 Days on Market

Highlights

  • Granite Countertops
  • Carpet
  • 1-Story Property
  • Del Mar High School Rated A-

About This Home

As of October 2020

Fantastic Investor opportunity for a tenant occupied duplex in the Burbank neighborhood of San Jose. Long term tenants with good rent history wanting to stay. Front unit is a 2/1 with Section 8 tenant who has been there over 18mos. Nice front patio for front unit to enjoy. Updated bathroom with tiled shower. Tile, spacious, open kitchen. Back unit is a 3/1 with long term tenant of 8 years. Updated bathrooms in both units. Tile kitchen in front unit, newer tile shower. Granite in kitchen spacious kitchen with tile floor. Engineered wood floors throughout back unit. Nice backyard and patio area for back unit. Buyer to verify sq ft as there is no formal updated sq ft records. Permits unknown. Walking distance to Valley Fair Mall, Santana Row and Valley Medical Hospital. Close to public transportation, close to why 280/880. Don't miss this opportunity for a turnkey investment opportunity, low maintenance!

Last Agent to Sell the Property

Annie Baker Cleaver

Alta Realty Group CA License #01831701 Listed on: 09/10/2020

Alta Realty Group CA

Last Buyer's Agent

Annie Baker Cleaver

Alta Realty Group CA License #01831701 Listed on: 09/10/2020

Alta Realty Group CA

Property Details

Home Type

  • Multi-Family

Year Built

  • 1925

Lot Details

  • 3,973 Sq Ft Lot

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,132 Sq Ft Home
  • 1-Story Property
  • Carpet

Kitchen

  • Dishwasher
  • Granite Countertops

Parking

  • 3 Parking Spaces
  • 2 Carport Spaces
  • No Garage

Utilities

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

Listing and Financial Details

  • Total Actual Rent $52,200

Community Details

Overview

  • 1,132 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $600
  • Insurance Expense $638
  • Maintenance Expense $691
  • Other Expense $600
  • Utility Expense $4,807
  • Trash Expense $890
  • Operating Expense $14,124
  • Gross Income $52,200

Property Details

Home Type

Multi-Family

Year Built

1925

Lot Details

0

Listing Details

  • Zoning: R1-N2
  • Subclass: Duplex
  • Age: 95
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1132
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Refrigerator
  • Living Sq Ft: 1132
  • Stories: 1
  • Flooring: Carpet

Exterior Features

  • Roof: Composition

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport, No Garage
  • Carport Min: 2

Utilities

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

Schools

  • School District: Campbell Union High
  • Elementary School: Luther Burbank Elementary
  • High School: Del Mar High
  • High School: 239
  • Elementary School: 1125

Lot Info

  • Lot Acres: 0.0912
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3971.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3971.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Oral
  • Gross Rent Multiplier: 16.95
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 638
  • Expense Landscape: 600
  • Expense Maintenance: 691
  • Expenses Other: 600
  • Expenses Total: 14124
  • Expenses Utility: 4807
  • Expense Trash: 890
  • Income Annual Gross: 52200.00
  • Income Annual Rental: 52200
  • Income Gross Scheduled: 52200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Equipment/Fixture Rental, Services - Gardener, Utilities - Electric
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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
10/29/2020 10/29/20 Sold $895,000 +1.1% $791 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $885,000 -- $782 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Annie Baker Cleaver

    Seller's Agent in 2020

    Annie Baker Cleaver

    Alta Realty Group CA

    (408) 375-1478

    1 in this area

    62 Total Sales

    Annie Baker Cleaver
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Map

Source: MLSListings

MLS Number: ML81810145

MLSListings
California Santa Clara County San Jose 95128 Burbank

318 Raymond Ave, San Jose, CA

This home is located at 318 Raymond Ave, San Jose, CA 95128 since 10 September 2020. This property was built in 1925. 318 Raymond Ave is a home located in Santa Clara County with nearby schools including Luther Burbank Elementary School, Del Mar High School, and Sherman Oaks Elementary School.

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