NOT LISTED FOR SALE

329 Leigh Ave San Jose, CA 95128

Burbank Neighborhood
5 Beds
-- Bath
2,689 Sq Ft
9,148 Sq Ft Lot

Last Sold August 09, 2013

Last sale price $725,000 $270 Per Sq Ft

79 Days on Market

Highlights

  • Level Lot
  • Del Mar High School Rated A-
  • Carpet

About This Home

As of August 2013

4 units + 2 "non-legal" studio units, total income of $83,700/yr. Seller may carry 2nd TD with 25-30% down pmt. at 7.0% fixed. Only 9.55 GRM. 6.30% CAP Rate. NO Rent Control (unincorporated area of San Jose). Central SJ & close to SJ City College-excellent rental sub-market. Buyer to verify both total sq. ft. / yr. built

Last Agent to Sell the Property

Larry Kaufman

Losness Investment Real Estate Corp License #01115023 Listed on: 03/26/2013

Last Buyer's Agent

Paul Reddy

Vinpaul Corporation License #01885796

Property Details

Home Type

  • Multi-Family

Year Built

  • 1912

Lot Details

  • 9,148

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,689 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $83,700
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, heating, water

Community Details

Overview

  • 4 Units
  • 2,689 Sq Ft Building

Building Details

  • Insurance Expense $1,487
  • Maintenance Expense $3,000
  • Manager Expense $3,348
  • Other Expense $1,200
  • Utility Expense $7,500
  • Operating Expense $29,860
  • Gross Income $80,199

Property Details

Home Type

Multi-Family

Year Built

1912

Lot Details

0

Listing Details

  • Zoning: R1N2
  • Subclass: Fourplex
  • Age: 101
  • Inspections Reports: Fault Zone
  • Sale Price Per Sq Ft: 269.62
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2689
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1912

Interior Features

  • Kitchen: Garbage Disposal, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 2689
  • Stories: 2
  • Laundry: In Some Units
  • Flooring: Carpet - Area, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Carport, Spaces Per Unit - <1

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9147.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9147.00
  • Lot Size Area Min Search: 9147.00
  • Maximum Lot Size: 9147.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 9.46
  • Max Rent Other Size Units: 995
  • Min Rent Other Size Units: 975

Multi Family

  • Expense Insurance: 1487
  • Expense Maintenance: 3000
  • Expense Management: 3348
  • Expenses Other: 1200
  • Expenses Total: 29860
  • Expenses Utility: 7500
  • Expense Water Sewer: 2055
  • Income Annual Gross: 80199.00
  • Income Annual Rental: 83700
  • Income Gross Scheduled: 84420
  • Income Includes: Laundry, Lease
  • Income Laundry: 720
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Electric, Master Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Number Of Other Units: 2
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Heat, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Reserve Fund, Services - Sewer, Vacancy Factor
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Heating, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric
  • Vacancy Amount: 4221
  • Vacancy Factor: 5

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
08/09/2013 08/09/13 Sold $725,000 -9.3% $270 / Sq Ft
06/13/2013 06/13/13 Pending -- -- --
03/26/2013 03/26/13 For Sale $799,000 -- $297 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Larry Kaufman

    Losness Investment Real Estate Corp

    Section Image

  • P

    Buyer's Agent in 2013

    Paul Reddy

    Vinpaul Corporation

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81309564

MLSListings

APN: 277-13-035

California Santa Clara County San Jose 95128 Burbank

329 Leigh Ave, San Jose, CA

This home is located at 329 Leigh Ave, San Jose, CA 95128 since 26 March 2013. This property was built in 1912. 329 Leigh 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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