NOT LISTED FOR SALE

386 Margaret St San Jose, CA 95112

Sun Neighborhood
2 Beds
2 Baths
1,011 Sq Ft
3,206 Sq Ft Lot

Last Sold January 31, 2023

Last sale price $850,000 $841 Per Sq Ft

28 Days on Market

Highlights

  • High Ceiling
  • Tandem Parking
  • Laundry Room
  • Granite Countertops
  • Walk-In Closet
  • Storage Room

About This Home

As of January 2023

Excellent income or owner occupant property in downtown San Jose! Attractive features include iron fence, artificial lawn, and partial basement. Each unit has separate electric meters. Strong in place rents with upside potential. Outstanding rental location in downtown San Jose. Wonderful street walking distance to San Jose State University, Diridon Station, San Jose International Airport, future BART station, easy access to 101, 680/280 or 880 freeways, shopping, restaurants, and so much more! Do not miss out on this opportunity!

Last Agent to Sell the Property

Carlos Padilla

Intero Real Estate Services License #01342889 Listed on: 11/11/2022

Intero Real Estate Services

Last Buyer's Agent

Steve Klesczewski

Intero Real Estate Services License #01471144

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1905

Lot Details

  • 3,206 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 1,011 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Storage Room

Kitchen

  • Gas Oven
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • Tandem Parking

Utilities

  • Space Heater
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $50,796

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Utility Expense $1,492
  • Trash Expense $1,186
  • Operating Expense $12,283
  • Gross Income $49,272

Property Details

Home Type

Multi-Family

Year Built

1905

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Age: 117
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1011
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1905

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1011
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Tile
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Parking Area, Tandem Parking

Utilities

  • Heating System: Space Heater
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Schools

  • School District: San Jose Unified
  • Elementary School: Lowell Elementary
  • Middle School: Herbert Hoover Middle
  • High School: Abraham Lincoln High
  • High School: 347
  • Elementary School: 370
  • Middle School: 340

Lot Info

  • Lot Acres: 0.0736
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3205.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3205.00

Rental Info

  • Existing Lease Term(s): Lease(s), Less Than 1 Yr
  • Gross Rent Multiplier: 17.70
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1200
  • Expenses Total: 12283
  • Expenses Utility: 1492
  • Expense Trash: 1186
  • Income Annual Gross: 49272.00
  • Income Annual Rental: 50796
  • Income Gross Scheduled: 50796
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 3

Range of Values:

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List Price
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 Change Sq Ft Price
01/31/2023 01/31/23 Sold $850,000 -5.5% $841 / Sq Ft
12/10/2022 12/10/22 Pending -- -- --
11/11/2022 11/11/22 For Sale $899,000 -- $889 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carlos Padilla

    Seller's Agent in 2023

    Carlos Padilla

    Intero Real Estate Services

    (650) 947-4746

    1 in this area

    91 Total Sales

    Carlos Padilla
    Section Image
  • Steve Klesczewski

    Buyer's Agent in 2023

    Steve Klesczewski

    Intero Real Estate Services

    (650) 947-4664

    1 in this area

    8 Total Sales

    Steve Klesczewski
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81912924

MLSListings

APN: 472-24-075

California Santa Clara County San Jose 95112 Sun

386 Margaret St, San Jose, CA

This home is located at 386 Margaret St, San Jose, CA 95112 since 11 November 2022. This property was built in 1905. 386 Margaret St is a home located in Santa Clara County with nearby schools including Lowell Elementary School, Herbert Hoover Middle School, and Abraham Lincoln High.

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