NOT LISTED FOR SALE

5678 Via Monte Dr Unit 1 San Jose, CA 95118

Almaden Neighborhood
8 Beds
4 Baths
3,364 Sq Ft
7,440 Sq Ft Lot

Last Sold August 25, 2017

Last sale price $1,400,000 $416 Per Sq Ft

27 Days on Market

Highlights

  • Private Pool
  • Granite Countertops
  • Coin Laundry
  • Pioneer High School Rated A-
  • Tile Flooring

About This Home

As of August 2017

Open house on 7/16 (Sunday) and 7/22(Saturday) between 1:00 PM and 3:00 PM. Motivated seller and great opportunity for the seasoned real estate investor. Kitchens, bath rooms, bedrooms and living rooms in all 4 units were remodeled with granite counter top, laminate floor, dish washer, new tile floor in bath rooms, new hot water heaters as well as new paint in exterior. Tenant pays gas for Individual gas water heater. All dual pane windows. Fenced private backyard for down stair units and covered porch for upstairs units. 4 covered carports and laundry room. Rents are below market. Unit 2 has been in 1 year lease since 3/15/2017, others are month by month with upside. Close to Whole Food market and Almaden Shopping Center. Easy access to 85 and 87.

Last Agent to Sell the Property

Timothy Tang

Losness Investment Real Estate Corp License #01952349 Listed on: 07/10/2017

Last Buyer's Agent

Monica Chung

Andersen, Jung & Co. License #01079185

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,440

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

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

Kitchen

  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Additional Features

  • Private Pool
  • 7,440 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $91,200

Community Details

Overview

Amenities

  • Coin Laundry

Recreation

  • Community Pool

Building Details

  • 4 Leased Units
  • Gardener Expense $960
  • Insurance Expense $1,514
  • Other Expense $2,796
  • Utility Expense $3,600
  • Operating Expense $25,132
  • Gross Income $91,920

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3364
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Garbage Disposal, Refrigerator
  • Living Sq Ft: 3364
  • Stories: 2
  • Security: Panic Alarm
  • Laundry: Coin Operated
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Yes
  • Roof: Composition
  • Pool: Community Facility
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Covered Parking
  • Carport Min: 4

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 233
  • HOA Amenities: Community Pool
  • HOA Exist: Yes

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Description: Regular
  • 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): Lease Agreement - Written
  • Gross Rent Multiplier: 15.23
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1514
  • Expense Landscape: 960
  • Expenses Other: 2796
  • Expenses Total: 25132
  • Expenses Utility: 3600
  • Income Annual Gross: 91920.00
  • Income Annual Rental: 91200
  • Income Gross Scheduled: 91920
  • Income Includes: Laundry
  • Income Other: 720
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Association, Fee - Property Tax, Maintenance - Laundry, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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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 Change Sq Ft Price
08/25/2017 08/25/17 Sold $1,400,000 0.0% $416 / Sq Ft
08/06/2017 08/06/17 Pending -- -- --
07/20/2017 07/20/17 Price Changed $1,399,999 0.0% $416 / Sq Ft
07/17/2017 07/17/17 Price Changed $1,400,000 0.0% $416 / Sq Ft
07/13/2017 07/13/17 Price Changed $1,400,100 0.0% $416 / Sq Ft
07/10/2017 07/10/17 For Sale $1,400,000 -- $416 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Timothy Tang

    Losness Investment Real Estate Corp

    Section Image

  • M

    Buyer's Agent in 2017

    Monica Chung

    Andersen, Jung & Co.

See All Agents

Map

Source: MLSListings

MLS Number: ML81669205

MLSListings

APN: 567-52-019

California Santa Clara County San Jose 95118 Almaden

5678 Via Monte Dr Unit 1, San Jose, CA

This home is located at 5678 Via Monte Dr Unit 1, San Jose, CA 95118 since 10 July 2017. This property was built in 1963. 5678 Via Monte Dr Unit 1 is a home located in Santa Clara County with nearby schools including Almaden Elementary School, Castillero Middle School, and Pioneer High School.

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