NOT LISTED FOR SALE
8 Beds
4 Baths
3,134 Sq Ft
7,288 Sq Ft Lot

Sale Details

Date Sold: October 20, 2021

Last sale price $1,700,000 $542 Per Sq Ft

17 Days on Market

Highlights

  • 0.17 Acre Lot
  • 4 Car Attached Garage
  • Ceiling Fan
  • Los Alamitos Elementary School Rated A-

About This Home

As of October 2021

This (4) Unit multifamily apartment complex, consists of a great unit mix of (4) 2 bedroom, 1 bathroom Units. 5608 Hoffman Ct is located less than eight miles from Downtown San Jose, home to San Jose State University know for it school of Business and Engineering. Along with San Jose State University the property is close to Almaden Plaza and the Almaden Ranch Marketplace. The property is also located right off Highway 85, making access simple and convenient. 5608 Hoffman Ct has 2 renovated units and provides each tenant with assigned parking spaces, and an on-site washer/dryer unit. Two of the units have been renovated with new laminated floors, new ceiling fans, updated bathrooms, a fresh coat of paint, and new windows. Property is part of a portfolio. It can be bought individually or as a portfolio.

Last Agent to Sell the Property

Ray Rodriguez

Compass License #01999734 Listed on: 06/24/2021

Compass

Co-Listed By

Tony Zizzo

Compass License #01962093

Last Buyer's Agent

Tony Sum

Upswing Real Estate License #01731561

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,288 Sq Ft Lot

Parking

  • 4 Car Attached Garage
  • 4 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Shingle Roof

Interior Spaces

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

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Private Sewer

Listing and Financial Details

  • Total Actual Rent $101,592
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,598
  • Maintenance Expense $1,200
  • Other Expense $324
  • Utility Expense $8,332
  • Trash Expense $1,417
  • Operating Expense $31,479
  • Gross Income $98,544

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

7,288 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: RM
  • 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

Exterior Features

  • Foundation: Crawl Space
  • Roof: Flat / Low Pitch, Wood Shakes / Shingles

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Assigned Spaces, Attached Garage, On Street
  • Carport Min: 4

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Private

Lot Info

  • Lot Acres: 0.1673
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7286.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7286.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 15.74
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1598
  • Expense Maintenance: 1200
  • Expenses Other: 324
  • Expenses Total: 31479
  • Expenses Utility: 8332
  • Expense Trash: 1417
  • Income Annual Gross: 98544.00
  • Income Annual Rental: 101592
  • Income Gross Scheduled: 101592
  • Income Includes: Rents
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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
Jun 24, 2021
Closed on
Oct 13, 2021
Sold by
Bought by
Seller's Agent
Ray Rodriguez
Compass
Buyer's Agent
Tony Sum
Upswing Real Estate
List Price
$1,600,000
Sold Price
$1,700,000
Premium/Discount to List
$100,000
6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Interest Rate
2.98%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 28, 2018
Closed on
Nov 28, 2018
Sold by
Bought by
Seller's Agent
rigo Bracamontes
Intero R E Services
Buyer's Agent
rigo Bracamontes
Intero R E Services
List Price
$1,459,000
Sold Price
$1,380,000
Premium/Discount to List
-$79,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.48%
Original Mortgage
$966,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2016
Sold by
Bought by

Purchase Details

Listed on
Jul 14, 2012
Closed on
Jan 25, 2013
Sold by
Bought by
Seller's Agent
Bill White
Wedgewood Properties Inc.
Buyer's Agent
rigo Bracamontes
Intero R E Services
List Price
$805,000
Sold Price
$790,000
Premium/Discount to List
-$15,000
-1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,500
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2009
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
$453,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 1999
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
6.66%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Almaden Lake, CA

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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
$1,700,000 Chicago Title Company
$1,380,000 First American Title Co
-- First American Title
-- None Available
$790,000 First American Title Company
-- First American Title Company
$420,000 Old Republic 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 $1,190,000
Closed $1,175,000
Previous Owner $930,600
Previous Owner $966,000
Previous Owner $592,500
Previous Owner $438,000
Previous Owner $442,800
Previous Owner $453,000
Previous Owner $460,000
Previous Owner $465,000
Previous Owner $410,000
Previous Owner $420,000
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 Prior Sale
10/20/2021 10/20/21 Sold $1,700,000 +6.3% $542 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
06/24/2021 06/24/21 Price Changed $1,599,000 -0.1% $510 / Sq Ft
06/24/2021 06/24/21 For Sale $1,600,000 +15.9% $511 / Sq Ft
11/30/2018 11/30/18 Sold $1,380,000 -5.4% $440 / Sq Ft View Prior Sale
10/27/2018 10/27/18 Pending -- -- --
08/28/2018 08/28/18 For Sale $1,459,000 +84.7% $466 / Sq Ft
02/01/2013 02/01/13 Sold $790,000 -1.9% $252 / Sq Ft View Prior Sale
10/23/2012 10/23/12 Pending -- -- --
07/14/2012 07/14/12 For Sale $805,000 -- $257 / 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 $22,598 $1,700,000 $1,300,000 $400,000
2025 $22,598 $1,700,000 $1,300,000 $400,000
2024 $21,963 $1,768,680 $1,300,500 $468,180
2023 $21,963 $1,734,000 $1,275,000 $459,000
2022 $21,801 $1,700,000 $1,250,000 $450,000
2021 $18,520 $1,422,182 $1,030,567 $391,615
2020 $18,223 $1,407,600 $1,020,000 $387,600
2019 $17,870 $1,380,000 $1,000,000 $380,000
2018 $11,837 $854,983 $378,789 $476,194
2017 $11,737 $838,219 $371,362 $466,857
2016 $11,513 $821,784 $364,081 $457,703
2015 $11,404 $809,441 $358,613 $450,828
2014 $11,169 $793,586 $351,589 $441,997
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81850608

MLSListings

APN: 567-49-023

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