NOT LISTED FOR SALE
4 Beds
-- Bath
2,174 Sq Ft
4,356 Sq Ft Lot

Last Sold September 27, 2013

Last sale price $625,000 $287 Per Sq Ft

104 Days on Market

About This Home

As of September 2013

Great income property located next to San Jose State University. A total of four units: 2 one bedroom units, 1 two bedroom unit and 1 studio. Units have been updated and the building is in good overall condition. ***Do not disturb tenants***

Last Agent to Sell the Property

Jeb Henley

Jeb Henley, Broker License #00608973 Listed on: 05/17/2013

Last Buyer's Agent

Doosik Lee

Kuiper Real Estate Team Corp License #01838306

Property Details

Home Type

  • Multi-Family

Year Built

  • 1898

Lot Details

  • 4,356

Parking

  • No Garage

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2,174 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Oven or Range

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $52,464
  • The owner pays for electric, garbage, gas, water

Community Details

Overview

  • 2,174 Sq Ft Building

Building Details

  • Insurance Expense $1,000
  • Utility Expense $5,052
  • Trash Expense $2,710
  • Operating Expense $16,429
  • Gross Income $52,464

Property Details

Home Type

Multi-Family

Year Built

1898

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 287.49
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2174
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1898

Interior Features

  • Kitchen: Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 2174
  • Stories: 2
  • Laundry: Laundry - No
  • Flooring: Carpet, Varies By Unit

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: No Garage, No Parking

Utilities

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

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4554.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4554.00
  • Lot Size Area Min Search: 4554.00
  • Maximum Lot Size: 4554.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.87

Multi Family

  • Expense Insurance: 1000
  • Expenses Total: 16429
  • Expenses Utility: 5052
  • Expense Trash: 2710
  • Expense Water Sewer: 1361
  • Income Annual Gross: 52464.00
  • Income Annual Rental: 52464
  • Income Gross Scheduled: 52464
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Utilities - Gas, Utilities - Water, Insurance
  • Owner Pays: Electric, Garbage, Gas, Water
  • Tenant Expenses: Cable Tv

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 List to Sale Price per Sq Ft
09/27/2013 09/27/13 Sold $625,000 -13.8% $287 / Sq Ft
08/29/2013 08/29/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $725,000 -- $333 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,636 $766,151 $366,527 $399,624
2024 $12,636 $751,130 $359,341 $391,789
2023 $12,299 $736,403 $352,296 $384,107
2022 $12,165 $721,965 $345,389 $376,576
2021 $11,783 $707,810 $338,617 $369,193
2020 $11,393 $700,553 $335,145 $365,408
2019 $10,787 $686,818 $328,574 $358,244
2018 $11,326 $673,352 $322,132 $351,220
2017 $11,190 $660,150 $315,816 $344,334
2016 $10,926 $647,207 $309,624 $337,583
2015 $10,827 $637,487 $304,974 $332,513
2014 $9,064 $625,000 $299,000 $326,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81317152

MLSListings

APN: 467-24-046