NOT LISTED FOR SALE

5662 Hoffman Ct San Jose, CA 95118

Almaden Lake Neighborhood
8 Beds
4 Baths
3,201 Sq Ft
7,070 Sq Ft Lot

Last Sold May 03, 2021

Last sale price $1,490,000 $465 Per Sq Ft

Highlights

  • 0.16 Acre Lot
  • Los Alamitos Elementary School Rated A-
  • Ceiling Fan

About This Home

As of May 2021

Great income producing 4plex in close proximity to major commute arteries and amenities!

Last Agent to Sell the Property

Andrew Meunier

Coldwell Banker Realty License #01933603 Listed on: 05/03/2021

Coldwell Banker Realty

Last Buyer's Agent

Carlos Azucena

Marcus & Millichap License #01738155

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,070 Sq Ft Lot

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,201 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Parking

  • 4 Carport Spaces
  • On-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $112,800

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,000
  • Insurance Expense $3,000
  • Maintenance Expense $2,000
  • Manager Expense $1,500
  • Other Expense $500
  • Utility Expense $1,200
  • Trash Expense $1,500
  • Operating Expense $29,300
  • Gross Income $109,416

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3201
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3201
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Parking Features: Carport, Covered Parking, On Street
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Acres: 0.1623
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7070.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7070.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 13.21
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 1000
  • Expense Maintenance: 2000
  • Expense Management: 1500
  • Expenses Other: 500
  • Expenses Total: 29300
  • Expenses Utility: 1200
  • Expense Trash: 1500
  • Income Annual Gross: 109416.00
  • Income Annual Rental: 112800
  • Income Gross Scheduled: 112800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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
05/03/2021 05/03/21 Sold $1,490,000 0.0% $465 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $1,490,000 -- $465 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $20,247 $1,612,822 $1,082,432 $530,390
2024 $20,247 $1,581,199 $1,061,208 $519,991
2023 $19,843 $1,550,196 $1,040,400 $509,796
2022 $19,700 $1,519,800 $1,020,000 $499,800
2021 $14,428 $1,073,125 $694,377 $378,748
2020 $14,203 $1,062,123 $687,258 $374,865
2019 $13,924 $1,041,298 $673,783 $367,515
2018 $13,794 $1,020,881 $660,572 $360,309
2017 $13,681 $1,000,865 $647,620 $353,245
2016 $13,446 $981,241 $634,922 $346,319
2015 $13,328 $966,502 $625,385 $341,117
2014 $11,485 $819,000 $529,900 $289,100
Source: Public Records

Agents Affiliated with this Home

  • Andrew Meunier

    Seller's Agent in 2021

    Andrew Meunier

    Coldwell Banker Realty

    (408) 306-4841

    4 in this area

    156 Total Sales

    Andrew Meunier
    Section Image
  • Carlos Azucena

    Buyer's Agent in 2021

    Carlos Azucena

    Marcus & Millichap

    (650) 391-1700

    3 in this area

    35 Total Sales

    Carlos Azucena
    Section Image
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Map

Source: MLSListings

MLS Number: ML81842018

MLSListings

APN: 567-49-013

California Santa Clara County San Jose 95118 Almaden Lake

5662 Hoffman Ct, San Jose, CA

Not Listed for Sale

MultiFamily

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