$1,616,250
SOLD APR 25, 2025
8 Beds
6 Baths
3,364 Sq Ft
7,440 Sq Ft

Recently Sold

$480 Per Sq Ft

4% Below List Price

112 Days on Market

About This Home

As of April 2025

Price Reduction and New Rents, 15 GRM! We are pleased to present the opportunity to acquire 5670 Via Monte Dr, a four (4) unit apartment building located a short walk to Almaden Plaza, Oakridge Mall, Whole Foods and Pioneer Highschool. Constructed in 1963, the property is one of few in the subdivision that features (2) 2bed2bath units along with (2)2bed1bath units. The property provides spacious private outdoor balconies or patios for all units, with the opportunity to fence off even more. Notable capital improvements include a 2023 re-roof and a copper re-pipe in the 90s. San Jose City Inspections were recently passed, giving a new owner three years until the next one. The property features easy access to Almaden Expwy and Highway 85. Finally, the property is surrounded by renowned tech companies including Google, Apple, and Cisco Systems.

Last Agent to Sell the Property

David Katz

Magnify Real Estate License #01971921 Listed on: 12/11/2024

Co-Listed By

Kyle De Mattei

Magnify Real Estate License #02146792

Last Buyer's Agent

James Liu

REALTY EXPERTS License #02031443

REALTY EXPERTS

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,440 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,364 Sq Ft Home
  • 2-Story Property

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $108,636
  • Month-to-Month Lease Term

Community Details

Overview

  • Property has a Home Owners Association

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,700
  • Maintenance Expense $3,000
  • Utility Expense $5,400
  • Trash Expense $6,000
  • Operating Expense $38,023
  • Gross Income $105,377

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

7,440 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3364
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3364
  • Stories: 2

Exterior Features

  • Foundation: Wood Frame
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 366
  • HOA Exist: Yes

Lot Info

  • Lot Acres: 0.1708
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7440.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7440.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 15.33
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1700
  • Expense Landscape: 600
  • Expense Maintenance: 3000
  • Expenses Total: 38023
  • Expenses Utility: 5400
  • Expense Trash: 6000
  • Income Annual Gross: 105377.00
  • Income Annual Rental: 108636
  • Income Gross Scheduled: 108636
  • Income Includes: Coin Operated Equip, Rents
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3
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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
04/25/2025 04/25/25 Sold $1,616,250 -3.5% $480 / Sq Ft
04/03/2025 04/03/25 Pending -- -- --
12/11/2024 12/11/24 For Sale $1,675,000 -- $498 / 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 $7,495 $479,215 $137,203 $342,012
2024 $7,495 $469,819 $134,513 $335,306
2023 $7,279 $460,608 $131,876 $328,732
2022 $7,243 $451,578 $129,291 $322,287
2021 $7,038 $442,724 $126,756 $315,968
2020 $6,942 $438,186 $125,457 $312,729
2019 $6,798 $429,596 $122,998 $306,598
2018 $6,720 $421,174 $120,587 $300,587
2017 $6,651 $412,917 $118,223 $294,694
2016 $6,459 $404,821 $115,905 $288,916
2015 $6,373 $398,741 $114,164 $284,577
2014 $6,166 $390,931 $111,928 $279,003
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81994908

MLSListings

APN: 567-52-020

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