NOT LISTED FOR SALE
9 Beds
6 Baths
3,381 Sq Ft
5,314 Sq Ft Lot

Sale Details

Date Sold: June 22, 2022

Last sale price $1,630,000 $482 Per Sq Ft

12 Days on Market

Highlights

  • Victorian Architecture
  • Space Heater
  • 3-minute walk to John P. Mcenery Park

About This Home

As of June 2022

Welcome To 48 S 6th Street, Located In The Desirable Area Of Downtown San Jose. All Units Have Been Renovated Including Kitchens, Bathrooms, Electrical Wiring, And A Newer Roof. Convenient Location, Only One Block To San Jose State University, And Minutes To San Pedro Square, Japan Town, And Major Tech Companies! Easy Access To I-680/280/87/85/101. This Is A Great Downtown San Jose Investment Opportunity With Upside Potential!

Last Agent to Sell the Property

Andy Tse

Intero Real Estate Services License #01345580 Listed on: 05/03/2022

Intero Real Estate Services

Co-Listed By

Eric Tran

Intero Real Estate Services License #01842444

Last Buyer's Agent

Andy Tse

Intero Real Estate Services License #01345580 Listed on: 05/03/2022

Intero Real Estate Services
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1905

Lot Details

  • 5,314

Home Design

  • Triplex
  • Victorian Architecture
  • Flat Roof Shape
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,381 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • 1 Parking Space
  • Off-Street Parking

Additional Features

  • 5,314 Sq Ft Lot
  • Space Heater

Listing and Financial Details

  • Total Actual Rent $122,929

Community Details

Overview

  • 3,381 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,640
  • Utility Expense $7,363
  • Operating Expense $26,416
  • Gross Income $119,940

Property Details

Home Type

Multi-Family

Year Built

1905

Lot Details

5,314 Sq Ft Lot

Listing Details

  • Zoning: R4
  • Subclass: Triplex
  • Style: Victorian
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3381
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1905

Interior Features

  • Living Sq Ft: 3381
  • Stories: 2

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition, Flat / Low Pitch, Shingle

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Off-Street Parking

Utilities

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

Schools

  • High School: 347

Lot Info

  • Lot Acres: 0.1220
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5315.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5315.00

Rental Info

  • Existing Lease Term(s): Month To Month, Sublease
  • Gross Rent Multiplier: 12.13
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1640
  • Expense Landscape: 600
  • Expenses Total: 26416
  • Expenses Utility: 7363
  • Income Annual Gross: 119940.00
  • Income Annual Rental: 122929
  • Income Gross Scheduled: 123649
  • Income Includes: Laundry
  • Income Other: 720
  • Meters: Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener, Utilities, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 3

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
May 3, 2022
Closed on
Jun 15, 2022
Sold by
Falk and Tuyen
Bought by
Seller's Agent
Andy Tse
Intero Real Estate Services
Buyer's Agent
Andy Tse
Intero Real Estate Services
List Price
$1,500,000
Sold Price
$1,630,000
Premium/Discount to List
$130,000
8.67%

Purchase Details

Listed on
Mar 2, 2017
Closed on
Apr 10, 2017
Sold by
Morrison Royce A and Morrison Linda M
Bought by
Falk Nathan and Falk Tuyen
Seller's Agent
Melinda Doutt
Intero Real Estate Services
Buyer's Agent
Daniel Kim
Century 21 D & H
List Price
$1,170,000
Sold Price
$1,090,000
Premium/Discount to List
-$80,000
-6.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$654,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2017
Sold by
Morrison Royce A and Morrison Linda M
Bought by
Morrison Royce A and Marrison Linda M
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
$1,630,000 Accommodation/Courtesy Recordi
Falk Nathan $1,090,000 Chicago Title Company
Morrison Royce A -- None Available
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
Previous Owner $965,000
Previous Owner Falk Nathan $654,000
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 Prior Sale
06/22/2022 06/22/22 Sold $1,630,000 +8.7% $482 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $1,500,000 +37.6% $444 / Sq Ft
04/18/2017 04/18/17 Sold $1,090,000 -6.8% $387 / Sq Ft View Prior Sale
03/05/2017 03/05/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $1,170,000 -- $415 / Sq Ft
Source: MLSListings

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 $25,791 $1,764,363 $1,309,742 $454,621
2025 $24,335 $1,729,768 $1,284,061 $445,707
2024 $24,335 $1,695,852 $1,258,884 $436,968
2023 $23,823 $1,662,600 $1,234,200 $428,400
2022 $18,445 $1,192,070 $809,296 $382,774
2021 $17,927 $1,168,697 $793,428 $375,269
2020 $16,814 $1,156,715 $785,293 $371,422
2019 $16,373 $1,134,036 $769,896 $364,140
2018 $15,753 $1,111,800 $754,800 $357,000
2017 $3,266 $57,871 $24,057 $33,814
2016 $3,078 $56,737 $23,586 $33,151
2015 $3,027 $55,886 $23,232 $32,654
2014 $1,727 $54,792 $22,777 $32,015
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81889870

MLSListings

APN: 467-24-036

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