NOT LISTED FOR SALE
3 Beds
4 Baths
1,714 Sq Ft
0.31 Acres

Last Sold February 09, 2015

Last sale price $900,000 $525 Per Sq Ft

18 Days on Market

Highlights

  • 0.31 Acre Lot
  • Granite Countertops
  • Level Lot
  • Traditional Architecture
  • Enclosed Parking
  • Carpet

About This Home

As of February 2015

Great income property opportunity with development potential! Newly annexed zone is RM. Now a 4-plex, mixed 1 bedroom bungalows and cottages to be sold "As-is." Excellent rental location near convenient shopping, dining, businesses, public transportation and new high-end development at Page & San Carlos streets. Located in newly annexed area for potential commercial, rezoning multi-units! Upside of owning & developing this property is phenomenal! Please do not disturb tenants. Shown by appointment only.

Last Agent to Sell the Property

Roxanne Sierra

Christina Nguyen Realty License #00973725 Listed on: 01/14/2015

Christina Nguyen Realty

Last Buyer's Agent

Jun Zhang

Goodview Financial & Real Estate License #01318808

Goodview Financial & Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 0.31 Acre Lot
  • Level Lot

Home Design

  • 1,714 Sq Ft Home
  • Quadruplex
  • Traditional Architecture
  • Cottage
  • Bungalow
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Parking

  • 5 Car Garage
  • 2 Carport Spaces
  • Enclosed Parking
  • No Garage
  • Garage Door Opener
  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Vented Exhaust Fan
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $56,020

Community Details

Overview

  • 1,714 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $1,447
  • Insurance Expense $1,215
  • Maintenance Expense $2,256
  • Manager Expense $5,764
  • Utility Expense $2,090
  • Trash Expense $956
  • Operating Expense $15,034
  • Gross Income $42,015

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Bungalow, Cottage, Traditional
  • Age: 115
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1714
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Kitchen: Appliances - Vary By Unit, Cooktop - Electric, Cooktop - Gas, Countertop - Formica, Countertop - Granite, Exhaust Fan, Hookups - Gas, Oven - Gas, Refrigerator, Varies By Unit
  • Living Sq Ft: 1714
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Block
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Assigned Spaces, Carport, Common Parking Area, Enclosed, Gate / Door Opener, No Garage, Off-Street Parking, On Street
  • Carport Min: 2

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.3120
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13576.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13576.00

Rental Info

  • Gross Rent Multiplier: 14.28
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1215
  • Expense Landscape: 1447
  • Expense Maintenance: 2256
  • Expense Management: 5764
  • Expenses Total: 15034
  • Expenses Utility: 2090
  • Expense Trash: 956
  • Income Annual Gross: 42015.00
  • Income Annual Rental: 56020
  • Income Gross Scheduled: 56020
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 4
  • Operating Expenses Include: Accounting/Legal, Contract Services, Depreciation, Equipment/Fixture Rental, Fee - License/Advertising, Fee - Other Taxes, Fee - Professional Services
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 25

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 List to Sale Price per Sq Ft
02/09/2015 02/09/15 Sold $900,000 +12.5% $525 / Sq Ft
02/01/2015 02/01/15 Pending -- -- --
01/14/2015 01/14/15 For Sale $799,900 -- $467 / 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: ML81447143

MLSListings

APN: 277-19-035