NOT LISTED FOR SALE
8 Beds
4 Baths
3,134 Sq Ft
5,663 Sq Ft Lot

Last Sold April 16, 2024

Last sale price $1,650,000 $526 Per Sq Ft

7 Days on Market

Highlights

  • 4 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Coin Laundry
  • Los Alamitos Elementary School Rated A-

About This Home

As of April 2024

Truman Real Estate is pleased to present the opportunity to acquire 1601 Hoffman Ct San Jose CA *** The property is a meticulously maintained 4-plex boasting robust in-place rents, it has been attentively cared for by the owner for the past 20 years. It benefits from central heating and air conditioning in all units, along with a 4-car garage and 4 additional parking spaces. The property also features on-site coin-operated laundry equipment, owned by the landlord, which provides an additional revenue stream *** Situated within walking distance of Whole Foods, Costco, Trader Joe's, Almaden Plaza, and numerous restaurants and stores, the location offers exceptional convenience *** Nearby schools and parks further enhance its appeal *** Highway 85, 87, and Almaden Expressway are mere moments away, adding to its accessibility.

Last Agent to Sell the Property

Truman Nhu

CENTURY 21 Masters License #01110101 Listed on: 03/19/2024

CENTURY 21 Masters

Last Buyer's Agent

Janette Landaverde

Intero Real Estate Services License #02168877

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 5,663

Parking

  • 4 Car Attached Garage
  • Assigned Parking

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,134 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Additional Features

  • 5,663 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $86,880

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,533
  • Maintenance Expense $768
  • Utility Expense $4,970
  • Trash Expense $2,775
  • Operating Expense $31,400
  • Gross Income $89,280

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

5,663 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3134
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3134
  • Stories: 2
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Attached Garage

Utilities

  • Cooling System: Central Forced Air - Gas
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1300
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5663.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5663.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.48
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2533
  • Expense Landscape: 1200
  • Expense Maintenance: 768
  • Expenses Total: 31400
  • Expenses Utility: 4970
  • Expense Trash: 2775
  • Income Annual Gross: 89280.00
  • Income Annual Rental: 86880
  • Income Gross Scheduled: 89280
  • Income Includes: Laundry, Rents
  • Income Other: 2400
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Laundry, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
04/16/2024 04/16/24 Sold $1,650,000 0.0% $526 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $1,650,000 -- $526 / Sq Ft
Source: MLSListings

Tax History

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
2025 $13,974 $1,683,000 $1,020,000 $663,000
2024 $13,974 $1,034,485 $546,624 $487,861
2023 $13,974 $1,014,202 $535,906 $478,296
2022 $13,572 $994,317 $525,399 $468,918
2021 $13,276 $974,822 $515,098 $459,724
2020 $13,070 $964,828 $509,817 $455,011
2019 $12,813 $945,911 $499,821 $446,090
2018 $12,691 $927,365 $490,021 $437,344
2017 $12,585 $909,182 $480,413 $428,769
2016 $12,356 $891,356 $470,994 $420,362
2015 $12,243 $877,968 $463,920 $414,048
2014 $12,004 $860,771 $454,833 $405,938
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81958113

MLSListings

APN: 567-49-052

Your Personal Tour Guide

Ask me questions while you tour the home.