Seller's Agent in 2017
Ismael Benhamida
Marcus & Millichap
(408) 373-6195
1 in this area
40 Total Sales
381 N 13th St San Jose, CA 95112
Northside Neighborhood
8
Beds
4
Baths
3,142
Sq Ft
5,780
Sq Ft Lot
Highlights
- Downtown View
- High Ceiling
- Grass Covered Lot
- Wood Flooring
- Paved or Partially Paved Lot
About This Home
As of August 2017Offer Due Date: 5:00 PM ON TUESDAY JUNE 20, 2017. Highest Cap Rate in Santa Clara County. Cap Rate: 5.46% Current, 8.37% Proforma. GRM: 12.66 Current, 9.47 Proforma. 381 North 13th Street is a fourplex located in a desirable neighborhood in San Jose, California. Built in 1910, the subject property is situated on a 5,779 square foot lot, has a gross livable area of 3,142 square feet, and has four large two-bedroom/one-bathroom units. The rents for two units are significantly below market and are eligible for five percent annual rent increases. The two vacant units are painted with hardwood floors, updated cabinets, and granite counters and present the opportunity to achieve top market rents. Additionally, the 1,333 square foot partially finished basement can be rented out as storage for additional income. With two vacant units this property provides the investor the opportunity to achieve tremendous rental income and create significant value.
Last Listed By
Ismael Benhamida
Marcus & Millichap License #01722847 Listed on: 06/07/2017
Property Details
Home Type
- Multi-Family
Year Built
- 1910
Lot Details
- 5,780 Sq Ft Lot
- Paved or Partially Paved Lot
- Level Lot
- Grass Covered Lot
Home Design
- Quadruplex
- Wood Frame Construction
- Rolled or Hot Mop Roof
- Bitumen Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,142 Sq Ft Home
- 2-Story Property
- High Ceiling
- Downtown Views
- Gas Cooktop
- Finished Basement
Flooring
- Wood
- Tile
Parking
- 8 Parking Spaces
- Uncovered Parking
- Off-Street Parking
- Assigned Parking
Utilities
- Wall Furnace
- Heating System Uses Gas
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $85,992
Community Details
Overview
Building Details
- 2 Leased Units
- Insurance Expense $883
- Maintenance Expense $3,985
- Other Expense $705
- Utility Expense $1,736
- Trash Expense $1,539
- Operating Expense $23,979
- Gross Income $83,412
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2017 08/14/17 | Sold | $1,388,000 | +27.5% | $442 / Sq Ft |
| 07/12/2017 07/12/17 | Pending | -- | -- | -- |
| 06/07/2017 06/07/17 | For Sale | $1,088,888 | -- | $347 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: MLSListings
MLS Number: ML81654991
APN: 249-54-043
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