NOT LISTED FOR SALE
5 Beds
4 Baths
2,343 Sq Ft
8,046 Sq Ft Lot

Last Sold December 12, 2023

Last sale price $1,260,000 $538 Per Sq Ft

88 Days on Market

About This Home

As of December 2023

Great investment opportunity, four units on two lots, Parcel#277-06-001 01 consists of 488 Laswell Ave 2bed 1bath and 490 Laswell Ave 1bed 1bath, Parcel#277-06-001 02 consists of 2169 Scott St 1bed 1bath and 2171 Scott St is 1bed 1bath, each unit has their own individual Electric and Gas meters and water heaters, tenants pay for trash, the seller pays for water every two months about $350, parking lot next to the property on Scott St. is part of this property, copper plumbing 5 years ago, 1bed 1bath in the area is going for approximately $2,000 rent per month, convenient location, walking distance to San Jose City College, Santa Clara Valley Medical Center, shops and restaurants, only 7 miles drive to Apple headquarter, short drive to major freeways, Santana Row, Valley Fair Mall, and downtown San Jose, buyers and agents to do their due diligence and verify all data with the city and county.

Last Agent to Sell the Property

Quader Azim

RE/MAX Synergy Group License #01747900 Listed on: 08/17/2023

RE/MAX Synergy Group

Last Buyer's Agent

Quader Azim

RE/MAX Synergy Group License #01747900 Listed on: 08/17/2023

RE/MAX Synergy Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1957

Lot Details

  • 8,046 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Shingle Roof

Interior Spaces

  • 2,343 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $60,600

Community Details

Overview

  • 2,343 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $2,000
  • Utility Expense $350
  • Operating Expense $12,997
  • Gross Income $58,782

Property Details

Home Type

Multi-Family

Year Built

1957

Lot Details

0

Listing Details

  • Zoning: R1-N2
  • Subclass: Fourplex
  • Age: 66
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2343
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Living Sq Ft: 2343
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1847
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8046.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8046.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.59
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2000
  • Expenses Total: 12997
  • Expenses Utility: 350
  • Income Annual Gross: 58782.00
  • Income Annual Rental: 60600
  • Income Gross Scheduled: 60600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

Range of Values:

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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
12/12/2023 12/12/23 Sold $1,260,000 +1.0% $538 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
10/27/2023 10/27/23 For Sale $1,248,000 -1.0% $533 / Sq Ft
08/31/2023 08/31/23 Off Market $1,260,000 -- --
08/17/2023 08/17/23 For Sale $1,248,000 -- $533 / 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: ML81938854

MLSListings