NOT LISTED FOR SALE

498 Doyle Rd San Jose, CA 95129

Strawberry Park Neighborhood
8 Beds
4 Baths
2,992 Sq Ft
6,882 Sq Ft Lot

Last Sold March 29, 2017

Last sale price $1,565,000 $523 Per Sq Ft

1 Day on Market

About This Home

As of March 2017

Professionally managed 4 unit investment opportunity in prime West San Jose! Lowest price-point in 95129 zip code. Location feeds to award-winning Cupertino Schools: De Vargas (API 893); Hyde (API 908); Cupertino High (API 906). All 2 bedrooms 1 bath unit mix. Very clean units; some containing recent upgrades to kitchens and baths, laminate wood flooring, and copper plumbing. Additionally, the roof was recently replaced and a new water heater was installed in September. Good in-place rents and tenant payment history with attractive upside potential.The property is located within walking distance to Archbishop Mitty and John Mise Park and is in close proximity to the future Apple campus, Westgate Mall, Villa Shopping Center, The Hills at Vallco, and commute routes.

Last Agent to Sell the Property

Joel Hopman

Newmark Cornish & Carey License #01934574 Listed on: 01/27/2017

Last Buyer's Agent

Ivonne Valdes

Coldwell Banker Realty License #01502965

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 6,882 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Parking

  • 4 Carport Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $77,688

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $2,400
  • Insurance Expense $1,250
  • Maintenance Expense $2,400
  • Other Expense $292
  • Utility Expense $4,915
  • Trash Expense $2,581
  • Operating Expense $33,627
  • Gross Income $76,230

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 56
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 2992
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Assigned Spaces
  • Carport Min: 4

Utilities

  • Cooling System: Ceiling Fan, Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Fremont Union High
  • Elementary School: Manuel De Vargas Elementary
  • Middle School: Warren E. Hyde Middle
  • High School: Cupertino High
  • High School: 256
  • Elementary School: 71
  • Middle School: 81

Lot Info

  • Lot Acres: 0.1580
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6900.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6900.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.72
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1250
  • Expense Landscape: 2400
  • Expense Maintenance: 2400
  • Expenses Other: 292
  • Expenses Total: 33627
  • Expenses Utility: 4915
  • Expense Trash: 2581
  • Income Annual Gross: 76230.00
  • Income Annual Rental: 77688
  • Income Gross Scheduled: 78588
  • Income Includes: Laundry
  • Income Other: 900
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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
03/29/2017 03/29/17 Sold $1,565,000 +1.0% $523 / Sq Ft
01/29/2017 01/29/17 Pending -- -- --
01/27/2017 01/27/17 For Sale $1,550,000 -- $518 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Joel Hopman

    Newmark Cornish & Carey

    (650) 688-8536

    40 Total Sales

    Section Image

  • I

    Buyer's Agent in 2017

    Ivonne Valdes

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81636927

MLSListings

APN: 381-43-001

California Santa Clara County San Jose 95129 Strawberry Park

498 Doyle Rd, San Jose, CA

This home is located at 498 Doyle Rd, San Jose, CA 95129 since 27 January 2017. This property was built in 1961. 498 Doyle Rd is a home located in Santa Clara County with nearby schools including Manuel De Vargas Elementary School, Warren E. Hyde Middle School, and Cupertino High School.

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