NOT LISTED FOR SALE

579 Sinclair Dr San Jose, CA 95116

Mayfair Neighborhood
6 Beds
2 Baths
1,760 Sq Ft
5,998 Sq Ft Lot

Last Sold January 05, 2018

Last sale price $970,000 $551 Per Sq Ft

12 Days on Market

Highlights

  • Washer and Dryer
  • Vinyl Flooring
  • 1-Story Property
  • Independence High School Rated A-

About This Home

As of January 2018

Unbelievable cash flowing duplex! Long term tenants. One side section 8 renters with year lease, one side month to month with long term tenant. New roof 2017. New wall heaters 2017. 2016-2017 other upgrades include new laminate floors, dual pane windows, most kitchen cabinets, bathroom updates, sinks, granite counter tops, backsplash, paint, etc. $5600 gross monthly rental income!!! Less than 5 miles from potential upcoming Google campus!

Last Agent to Sell the Property

John Belveal

Belveal Properties License #01895212 Listed on: 11/07/2017

Last Buyer's Agent

Alan Khoo

JODI Group License #01247884

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 5,998 Sq Ft Lot

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,760 Sq Ft Home
  • 1-Story Property
  • Electric Oven
  • Washer and Dryer

Flooring

  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces

Utilities

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

Listing and Financial Details

  • Total Actual Rent $67,200
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,100
  • Maintenance Expense $2,000
  • Utility Expense $704
  • Trash Expense $797
  • Operating Expense $11,724
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 56
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1760
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Oven Range - Electric
  • Living Sq Ft: 1760
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 2

Utilities

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

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 14.14
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1100
  • Expense Maintenance: 2000
  • Expenses Total: 11724
  • Expenses Utility: 704
  • Expense Trash: 797
  • Income Annual Gross: 67200.00
  • Income Annual Rental: 67200
  • Income Gross Scheduled: 67200
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Principle & Interest, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

Range of Values:

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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 Change Sq Ft Price
01/05/2018 01/05/18 Sold $970,000 +2.1% $551 / Sq Ft
11/20/2017 11/20/17 Pending -- -- --
11/07/2017 11/07/17 For Sale $950,000 -- $540 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Belveal

    Seller's Agent in 2018

    John Belveal

    Belveal Properties

    (408) 644-0888

    3 Total Sales

    John Belveal
    Section Image

  • A

    Buyer's Agent in 2018

    Alan Khoo

    JODI Group

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Map

Source: MLSListings

MLS Number: ML81684139

MLSListings

APN: 481-30-011

California Santa Clara County San Jose 95116 Mayfair

579 Sinclair Dr, San Jose, CA

This home is located at 579 Sinclair Dr, San Jose, CA 95116 since 07 November 2017. This property was built in 1961. 579 Sinclair Dr is a home located in Santa Clara County with nearby schools including Cesar Chavez Elementary School, Independence High School, and Ace Empower Academy.

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