$1,645,000
SOLD JUL 8, 2024

5723 Via Monte Dr San Jose, CA 95118

Almaden Neighborhood
8 Beds
4 Baths
3,200 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$514 Per Sq Ft

2% Below List Price

17 Days on Market

About This Home

As of July 2024

This attractively priced fourplex boasts strong rents(monthly rent $9055) and a high in-place cap rate. Featuring four spacious two-bedroom, one-bathroom flats, with an excellent unit mix. Some units have been upgraded with new kitchen cabinets and granite countertops, while all benefit from dual pane windows throughout. Each unit averages 800 square feet, with Unit D boasting a remodeled bathroom and new flooring. Units A, B, and C come with brand new electric stoves. Additionally, each unit includes enclosed garages and ample street parking, with brand new garage doors installed. The property also offers an on-site laundry room for additional income. Conveniently located within walking distance of a Whole Foods anchored shopping center, and nearby tenants include Chick-fil-A, Peet's Coffee, Chipotle, and Office Max. Across from the Whole Foods Shopping Center lies Almaden Plaza, boasting over 60 retailers and services including Costco, Trader Joe's, TJ Maxx, and Ross.

Last Agent to Sell the Property

Xiaozhu Kang

Coldwell Banker Realty License #01999507 Listed on: 04/19/2024

Coldwell Banker Realty

Co-Listed By

Amy Pan

Coldwell Banker Realty License #02140613

Last Buyer's Agent

Dominic Gluhaich

Compass License #02092371

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 4 Car Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property

Utilities

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

Listing and Financial Details

  • Total Actual Rent $108,660

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $960
  • Insurance Expense $1,649
  • Maintenance Expense $2,100
  • Utility Expense $4,700
  • Trash Expense $2,680
  • Operating Expense $31,740
  • Gross Income $109,910

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3H
  • Subclass: Fourplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3200
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3200
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage, On Street

Utilities

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

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

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.42
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1649
  • Expense Landscape: 960
  • Expense Maintenance: 2100
  • Expenses Total: 31740
  • Expenses Utility: 4700
  • Expense Trash: 2680
  • Income Annual Gross: 109910.00
  • Income Annual Rental: 108660
  • Income Gross Scheduled: 109910
  • Income Includes: Laundry, Lease
  • Income Other: 1250
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Miscellaneous/Other, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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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
04/17/2025 04/17/25 For Sale $1,888,888 +14.8% $590 / Sq Ft
07/08/2024 07/08/24 Sold $1,645,000 -2.9% $514 / Sq Ft
05/17/2024 05/17/24 Price Changed $1,695,000 +0.9% $530 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
04/19/2024 04/19/24 For Sale $1,680,000 -- $525 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dominic Gluhaich

    Seller's Agent in 2025

    Dominic Gluhaich

    Sterling Ventures

    (408) 778-7474

    1 in this area

    65 Total Sales

    Dominic Gluhaich
    Section Image
  • Xiaozhu Kang

    Seller's Agent in 2024

    Xiaozhu Kang

    Coldwell Banker Realty

    (650) 683-6888

    2 in this area

    389 Total Sales

    Xiaozhu Kang
    Section Image
  • Amy Pan

    Seller Co-Listing Agent in 2024

    Amy Pan

    Coldwell Banker Realty

    (408) 206-5393

    1 in this area

    23 Total Sales

    Amy Pan
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81962214

MLSListings

APN: 567-52-045

California Santa Clara County San Jose 95118 Almaden

5723 Via Monte Dr, San Jose, CA

This home is located at 5723 Via Monte Dr, San Jose, CA 95118 and is currently priced at $1,645,000, approximately $514 per square foot. This property was built in 1963. 5723 Via Monte 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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