NOT LISTED FOR SALE

5685 Hoffman Ct San Jose, CA 95118

Almaden Lake Neighborhood
8 Beds
4 Baths
3,400 Sq Ft
7,562 Sq Ft Lot

Last Sold June 26, 2023

Last sale price $1,580,000 $465 Per Sq Ft

13 Days on Market

About This Home

As of June 2023

Contact listing Agent, Andres Lopez for showings, due diligence files, offering memorandum, and any other information on the property. No inspections. Please do not disturb the current tenants. The buyers to investigate the property's square footage.

Last Agent to Sell the Property

Andres Lopez

Marcus & Millichap License #01936458 Listed on: 05/09/2023

Co-Listed By

Adam Levin

Marcus & Millichap License #01462752

Last Buyer's Agent

Asif Subedar

Compass License #02060355

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,562 Sq Ft Lot

Home Design

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

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $107,760
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,995
  • Maintenance Expense $2,000
  • Other Expense $1,568
  • Utility Expense $7,696
  • Operating Expense $33,906
  • Gross Income $105,057

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: 3400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3400
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1736
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7560.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7560.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 14.73
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1995
  • Expense Maintenance: 2000
  • Expenses Other: 1568
  • Expenses Total: 33906
  • Expenses Utility: 7696
  • Income Annual Gross: 105057.00
  • Income Annual Rental: 107760
  • Income Gross Scheduled: 108306
  • Income Includes: Laundry
  • Income Other: 546
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 3

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
06/26/2023 06/26/23 Sold $1,580,000 -0.9% $465 / Sq Ft
05/23/2023 05/23/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $1,595,000 -- $469 / 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 $20,771 $1,659,438 $1,040,400 $619,038
2024 $20,771 $1,626,900 $1,020,000 $606,900
2023 $21,571 $1,700,000 $1,250,000 $450,000
2022 $6,387 $378,089 $114,435 $263,654
2021 $6,193 $370,677 $112,192 $258,485
2020 $6,112 $366,877 $111,042 $255,835
2019 $5,983 $359,684 $108,865 $250,819
2018 $5,912 $352,632 $106,731 $245,901
2017 $5,848 $345,719 $104,639 $241,080
2016 $5,660 $338,941 $102,588 $236,353
2015 $5,579 $333,851 $101,048 $232,803
2014 $5,375 $327,312 $99,069 $228,243
Source: Public Records

Agents Affiliated with this Home

  • Andres Lopez

    Seller's Agent in 2023

    Andres Lopez

    Marcus & Millichap

    (408) 421-4703

    1 in this area

    17 Total Sales

    Andres Lopez
    Section Image
  • Adam Levin

    Seller Co-Listing Agent in 2023

    Adam Levin

    Marcus & Millichap

    (650) 391-1782

    1 in this area

    94 Total Sales

    Adam Levin
    Section Image

  • A

    Buyer's Agent in 2023

    Asif Subedar

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81927543

MLSListings

APN: 567-49-035

California Santa Clara County San Jose 95118 Almaden Lake

5685 Hoffman Ct, San Jose, CA

Not Listed for Sale

MultiFamily

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