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

Sale Details

Date 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
Apr 12, 2024
Sold by
Bought by
Seller's Agent
Truman Nhu
CENTURY 21 Masters
Buyer's Agent
Janette Landaverde
Intero Real Estate Services
List Price
$1,650,000
Sold Price
$1,650,000
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Outstanding Balance
$1,289,377
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,200
Interest Rate
6.94%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 21, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,500
Interest Rate
6.91%

Purchase Details

Closed on
Mar 13, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 1993
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,650,000 Chicago Title
-- Financial Title Company
-- Financial Title Company
-- --
$757,000 Old Republic Title Company
$704,000 Old Republic Title Company
-- Fidelity National Title Co
$342,000 Fidelity National Title Co
$250,000 North American Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,320,000
Previous Owner $401,669
Previous Owner $439,400
Previous Owner $436,000
Previous Owner $420,000
Previous Owner $352,000
Previous Owner $547,500
Previous Owner $563,200
Previous Owner $474,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $22,392 $1,716,660 $1,040,400 $676,260
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

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Map

Source: MLSListings

MLS Number: ML81958113

MLSListings

APN: 567-49-052

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