$1,160,000
SOLD APR 1, 2022
3 Beds
2 Baths
1,441 Sq Ft
8,899 Sq Ft Lot

Recently Sold

$805 Per Sq Ft

17% Above List Price

7 Days on Market

Highlights

  • 2 Car Attached Garage
  • Washer and Dryer
  • 1-Story Property

About This Home

As of April 2022

Seize the opportunity to invest in this widely updated duplex with a sprawling backyard that is just waiting to be developed with a 9200 SF lot! The 1 bed/ 1 bath front unit offers a spacious living area that opens to a modern kitchen with granite countertops and a full suite of appliances. The back unit is a larger, 2 bed, 1bath home that has been completely remodeled with recessed lighting, hardwood floors, and a brand dine-in kitchen. Make the most of the endless opportunities the expansive backyard offers. Mature fruit trees shade the flat land, while a tall fence encompasses the entire lot. Both units have laundry and access to the shared garage, plus additional guest parking is available along the oversized driveway. Perfectly situated near an array of shops and restaurants on Alum Rock Avenue, this property is both versatile and convenient. Residents will have easy access to Downtown San Jose, San Jose State University, San Jose international airport, and public transportation.

Last Agent to Sell the Property

David Giambruno

KW Bay Area Estates License #01365616 Listed on: 03/17/2022

KW Bay Area Estates

Co-Listed By

Mark Von Kaenel

KW Bay Area Estates License #01189869

Last Buyer's Agent

Danny Duong

Infiniti Real Estate License #01400892

Property Details

Home Type

  • Multi-Family

Year Built

  • 1957

Lot Details

  • 8,899 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,441 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Dishwasher
  • Disposal

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $57,120

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $500
  • Insurance Expense $3,000
  • Maintenance Expense $500
  • Operating Expense $13,000
  • Gross Income $57,120

Property Details

Home Type

Multi-Family

Year Built

1957

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 65
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1441
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Kitchen: Dishwasher, Dual Fuel, Garbage Disposal, Hookups - Gas, Oven - Gas, Refrigerator
  • Living Sq Ft: 1441
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.2043
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9200.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.33
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 500
  • Expense Maintenance: 500
  • Expenses Total: 13000
  • Income Annual Gross: 57120.00
  • Income Annual Rental: 57120
  • Income Gross Scheduled: 57120
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

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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
04/01/2022 04/01/22 Sold $1,160,000 +17.2% $805 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $990,000 +14.1% $687 / Sq Ft
04/11/2018 04/11/18 Sold $868,000 0.0% $602 / Sq Ft
04/06/2018 04/06/18 Pending -- -- --
03/22/2018 03/22/18 For Sale $868,000 +137.8% $602 / Sq Ft
08/31/2012 08/31/12 Sold $365,000 +7.4% $253 / Sq Ft
08/06/2012 08/06/12 Pending -- -- --
07/19/2012 07/19/12 For Sale $340,000 -- $236 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81882799

MLSListings

APN: 481-12-075