NOT LISTED FOR SALE
12 Beds
11 Baths
4,996 Sq Ft
6,266 Sq Ft Lot

Sale Details

Date Sold: December 28, 2023

Last sale price $2,775,000 $555 Per Sq Ft

23 Days on Market

Highlights

  • Golf Course Community
  • No HOA
  • Park
  • Jefferson Elementary Rated A-
  • Hiking Trails
  • Laundry Facilities

About This Home

As of December 2023

The property features 12 total beds, 11 baths and a unit mix of (3) twobedroom, two-bath units, (1) two-bedroom, one-bath unit, & (4) one bed, one bath units. Each unit averages $1,816 per month in rent and market rents average $2,644 per month, with a total of 45%+/- rental upside potential. Interior upgrades on approximately four units include new cabinets and granite counters, the hot water pipes were replumbed with copper in 2013, unit six features new flooring in the kitchen and bath and three new water heaters were replaced in 2022 and 2023. Top floor units have vaulted ceilings in living room and bedrooms. Most units have patios or balconies. There are 13 total parking spaces on site: three tandem car parking spots in the front of the building for a total of six parking spots in the front. In the rear of the building there are three one car garages and four parking spaces. Both gas and electric are separately metered. Multiple upgrades to the property have been made including newer cabinets and counters, hot water plumbing, new floors in some unit.

Last Agent to Sell the Property

Eric von Bluecher

Lee & Associates License #01926201 Listed on: 11/01/2023

Last Buyer's Agent

Carlos Barajas

Keller Williams San Jose Gateway License #01732586

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,266 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 10 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,996 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 11 Bathrooms

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 21,22
  • Tax Tract Number 1429
  • Assessor Parcel Number 4531420400

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Insurance Expense $3,200
  • Trash Expense $3,174
  • New Taxes Expense $33,690
  • Operating Expense $70,518
  • Gross Income $174,926
  • Net Operating Income $99,160

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

6,266 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 3.61
  • Property Attached: Yes
  • View: No
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 4531420400
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 555.44

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 10.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3174.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Golf, Sidewalks, Street Lights, Biking, Dog Park, Hiking, Park

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6266.00
  • Lot Size Acres: 0.1438

Multi Family

  • Gross Income: 174926.00
  • Gross Scheduled Income: 174926.00
  • Insurance Expense: 3200.00
  • Lot Size Area: 6266.0000 Square Feet
  • Net Operating Income: 99160.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 70518.00
  • Rent Control: Yes
  • Total Expenses: 70518.00

Tax Info

  • New Taxes Expense: 33690.00
  • Tax Lot: 21,22
  • Tax Tract Number: 1429

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2023
Closed on
Dec 20, 2023
Sold by
Bought by
Seller's Agent
Eric von Bluecher
Lee & Associates
Buyer's Agent
Carlos Barajas
Keller Williams San Jose Gateway
List Price
$2,750,000
Sold Price
$2,775,000
Premium/Discount to List
$25,000
0.91%
Views
45

Purchase Details

Listed on
Nov 1, 2023
Closed on
Nov 13, 2023
Sold by
Bought by
Seller's Agent
Eric von Bluecher
Lee & Associates
Buyer's Agent
Carlos Barajas
Keller Williams San Jose Gateway
List Price
$2,750,000
Sold Price
$2,775,000
Premium/Discount to List
$25,000
0.91%
Views
45

Purchase Details

Closed on
Mar 31, 2006
Sold by
Bought by

Purchase Details

Closed on
Apr 13, 1990

Purchase Details

Closed on
Mar 14, 1986

Purchase Details

Closed on
Jan 23, 1986
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,775,000 Chicago Title
-- Chicago Title
-- Accommodation
$560,000 --
$126,100 --
$135,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/28/2023 12/28/23 Sold $2,775,000 +0.9% $555 / Sq Ft
11/26/2023 11/26/23 For Sale $2,750,000 0.0% $550 / Sq Ft
11/24/2023 11/24/23 Pending -- -- --
11/01/2023 11/01/23 For Sale $2,750,000 -- $550 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $35,661 $2,887,110 $2,080,800 $806,310
2025 $35,661 $2,830,500 $2,040,000 $790,500
2024 $34,316 $2,775,000 $2,000,000 $775,000
2023 $12,356 $990,258 $353,657 $636,601
2022 $12,019 $970,842 $346,723 $624,119
2021 $11,929 $951,807 $339,925 $611,882
2020 $11,784 $942,048 $336,440 $605,608
2019 $11,574 $923,578 $329,844 $593,734
2018 $10,825 $905,470 $323,377 $582,093
2017 $10,566 $887,717 $317,037 $570,680
2016 $10,393 $870,312 $310,821 $559,491
2015 $10,239 $857,240 $306,153 $551,087
2014 $10,080 $840,448 $300,156 $540,292
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2308527

California Regional Multiple Listing Service (CRMLS)

APN: 453-142-04-00

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