NOT LISTED FOR SALE

4016 Bismarck Dr San Jose, CA 95130

Paynes Neighborhood
4 Beds
4 Baths
1,900 Sq Ft
6,490 Sq Ft Lot

Last Sold August 09, 2019

Last sale price $1,550,000 $816 Per Sq Ft

27 Days on Market

Highlights

  • Granite Countertops
  • Tile Flooring
  • Washer and Dryer
  • George C. Payne Elementary School Rated A-
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of August 2019

A truly passive income property!!! Seller added additional full bathroom with permit in master bedroom. So, this is a 2 units with 2 Bedroom and 2 Full Baths. Seller also spent over $200K on remodeling both two houses, from copper water pipe, kitchen, flooring, bathroom, landscaping, fence, garage door, security system, interior/exterior doors, paints, new washer/dryer/refrigerator/furnace system and more...Occupied by very nice and high quality tenants now. No vacancy rate since the houses were rent from three years ago. Cap rate 3.67%.

Last Agent to Sell the Property

Vivian Lee

Homeland Realty License #01881090 Listed on: 06/18/2019

Last Buyer's Agent

Vivian Lee

Homeland Realty License #01881090 Listed on: 06/18/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 6,490 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $68,400

Community Details

Overview

  • 1,900 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $300
  • Insurance Expense $800
  • Maintenance Expense $200
  • Trash Expense $200
  • Operating Expense $13,620
  • Gross Income $70,800

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Parking

1

Listing Details

  • Zoning: R2
  • Subclass: Multiple Dwellings / Structures
  • Style: Ranch
  • Age: 57
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Oven - Electric, Refrigerator
  • Living Sq Ft: 1900
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High
  • Elementary School: George C. Payne Elementary
  • Middle School: Moreland Middle
  • High School: Prospect High
  • High School: 241
  • Elementary School: 158
  • Middle School: 35652

Lot Info

  • Lot Acres: 0.1490
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6492.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6492.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 21.86
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 800
  • Expense Landscape: 300
  • Expense Maintenance: 200
  • Expenses Total: 13620
  • Expense Trash: 200
  • Income Annual Gross: 70800.00
  • Income Annual Rental: 68400
  • Income Gross Scheduled: 70800
  • Income Includes: Rents
  • Income Other: 2400
  • Meters: Master Electric, Master Gas, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Hot Water, Utilities - Water

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
08/09/2019 08/09/19 Sold $1,550,000 +0.1% $816 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $1,548,000 +59.6% $815 / Sq Ft
05/03/2016 05/03/16 Sold $970,000 +7.9% $511 / Sq Ft
03/14/2016 03/14/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $899,000 -- $473 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Vivian Lee

    Seller's Agent in 2019

    Vivian Lee

    Homeland Realty

    (408) 641-1680

    1 in this area

    222 Total Sales

    Section Image
  • Steve& Christine Perry

    Seller's Agent in 2016

    Steve& Christine Perry

    Sereno Group

    (408) 858-5587

    122 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81757152

MLSListings

APN: 307-26-007

California Santa Clara County San Jose 95130 Paynes

4016 Bismarck Dr, San Jose, CA

This home is located at 4016 Bismarck Dr, San Jose, CA 95130 since 18 June 2019. This property was built in 1962. 4016 Bismarck Dr is a home located in Santa Clara County with nearby schools including George C. Payne Elementary School, Moreland Middle School, and Prospect High School.

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