$1,650,000
SOLD MAY 30, 2024

5718 Tucson Dr San Jose, CA 95118

Almaden Neighborhood
8 Beds
4 Baths
3,364 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$490 Per Sq Ft

3% Below List Price

35 Days on Market

Highlights

  • Private Pool
  • Balcony
  • Tile Flooring
  • Pioneer High School Rated A-
  • Double Pane Windows
  • Forced Air Heating System

About This Home

As of May 2024

Magnify Real Estate is pleased to exclusively present the opportunity to acquire 5718 Tucson Dr, a four (4) apartment building located in the highly desirable city of San Jose. Constructed in 1963, the property consists of (4) two-bedroom/one-bathroom units, presenting a desirable unit mix that offers a strong investment opportunity. With a total building size of 3,364 square feet situated on a spacious lot spanning 7,449 square feet, this property presents strong value-add opportunities. It also features dual pane windows, private outdoor spaces and balconies, private garages, coin-operated laundry facilities, and more, enhancing the appeal and functionality of the investment. The property is close to major highways, shopping centers like Westgate Center and Santana Row. It features easy access to Almaden Expwy and Highway 85. Finally, the property is surrounded by renowned tech companies including Google, Apple, and Cisco Systems, offering abundant employment opportunities for potential tenants.

Last Agent to Sell the Property

Amit Urban

Magnify Real Estate License #01998926

Last Buyer's Agent

Amit Urban

Magnify Real Estate License #01998926

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,405 Sq Ft Lot
  • Sprinklers on Timer

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,364 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Fire and Smoke Detector
  • Electric Cooktop

Flooring

  • Carpet
  • Tile
  • Vinyl

Outdoor Features

  • Private Pool
  • Balcony

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $103,363
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,355
  • Maintenance Expense $2,000
  • Utility Expense $4,000
  • Operating Expense $31,126
  • Gross Income $103,363

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3364
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Exhaust Fan, Cooktop - Electric, Refrigerator
  • Living Sq Ft: 3364
  • Stories: 2
  • Security: Fire Alarm
  • Laundry: Coin Operated
  • Flooring: Tile, Carpet, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Yes
  • Roof: Shingle
  • Yard/Grounds: Balcony / Patio, Sprinklers - Lawn, Sprinklers - Auto
  • Pool: Community Facility
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 358
  • HOA Exist: Yes

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7405.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month, Security Deposit
  • Gross Rent Multiplier: 16.44
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2355
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expenses Total: 31126
  • Expenses Utility: 4000
  • Income Annual Gross: 103363.00
  • Income Annual Rental: 103363
  • Income Gross Scheduled: 103363
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Association, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Map

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
05/30/2024 05/30/24 Sold $1,650,000 -2.9% $490 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $1,699,000 -- $505 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML81959329

MLSListings

APN: 567-51-032

California Santa Clara County San Jose 95118 Almaden

5718 Tucson Dr, San Jose, CA

Homes for Sale in San Jose, CA

This home is located at 5718 Tucson Dr, San Jose, CA 95118 and is currently priced at $1,650,000, approximately $490 per square foot. This property was built in 1963. 5718 Tucson Dr 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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