NOT LISTED FOR SALE

525 Northlake Dr San Jose, CA 95117

Loma Linda Neighborhood
8 Beds
4 Baths
3,129 Sq Ft
6,521 Sq Ft Lot

Last Sold March 30, 2022

Last sale price $1,925,000 $615 Per Sq Ft

7 Days on Market

Highlights

  • Tile Flooring
  • Coin Laundry
  • Level Lot
  • Del Mar High School Rated A-

About This Home

As of March 2022

4 Units all with 2 bedrooms, 1 bath! Lots of remodeling and rent increases since the seller took ownership. Well maintained complex with a stucco and wood exterior. Balcony or patio access on all units for additional fresh air. Newer paint, baseboards, updated sink vanity in some units. Spacious bedrooms and living areas. Laminate flooring, newer flooring, 4 carport parking spaces with 2 additional assigned spaces. Newer kitchen in some units. Convenient laundry room on site. Excellent rents with room to increase. Prime location in West San Jose and minutes away from Santana Row, Valley Fair, Apple, Highways 280 and 85. Great investment property with great appreciation and cash flow potential for years to come.

Last Agent to Sell the Property

William Tran

Elite Realty Services License #01510440 Listed on: 03/08/2022

Elite Realty Services

Last Buyer's Agent

Kristina Rodgers

Coldwell Banker Realty License #02006011

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 6,521 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,129 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Tile

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $90,288
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $2,030
  • Other Expense $2,549
  • Utility Expense $5,607
  • Operating Expense $32,545
  • Gross Income $90,288

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3129
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 3129
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 239

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1497
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6519.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6519.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 20.91
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 2030
  • Expenses Other: 2549
  • Expenses Total: 32545
  • Expenses Utility: 5607
  • Income Annual Gross: 90288.00
  • Income Annual Rental: 90288
  • Income Gross Scheduled: 90288
  • Income Includes: Rents
  • Meters: Master Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water

Range of Values:

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List Price
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 List to Sale Price per Sq Ft Prior Sale
03/30/2022 03/30/22 Sold $1,925,000 +2.0% $615 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $1,888,000 0.0% $603 / Sq Ft
08/09/2021 08/09/21 Rented $2,000 0.0% --
07/23/2021 07/23/21 Under Contract -- -- --
07/07/2021 07/07/21 For Rent $2,000 0.0% --
03/01/2017 03/01/17 Sold $1,560,000 -2.5% $499 / Sq Ft View Prior Sale
02/12/2017 02/12/17 Pending -- -- --
01/06/2017 01/06/17 For Sale $1,600,000 -- $511 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • William Tran

    Seller's Agent in 2022

    William Tran

    Elite Realty Services

    (408) 506-1746

    2 in this area

    86 Total Sales

    William Tran
    Section Image

  • K

    Buyer's Agent in 2022

    Kristina Rodgers

    Coldwell Banker Realty

    Section Image
  • Kamran Chitgar

    Seller's Agent in 2017

    Kamran Chitgar

    Coldwell Banker Realty

    (408) 728-6365

    3 Total Sales

    Kamran Chitgar
    Section Image
  • Paymon Ghafouri

    Buyer's Agent in 2017

    Paymon Ghafouri

    Paymon Real Estate Group

    (650) 683-0388

    83 Total Sales

    Paymon Ghafouri
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81881460

MLSListings

APN: 303-27-058

California Santa Clara County San Jose 95117 Loma Linda

525 Northlake Dr, San Jose, CA

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