NOT LISTED FOR SALE

590 Macarthur Ave San Jose, CA 95128

Fruitdale Neighborhood
4 Beds
4 Baths
2,804 Sq Ft
9,126 Sq Ft Lot

Last Sold March 05, 2019

Last sale price $1,550,000 $553 Per Sq Ft

95 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Storage Room

About This Home

As of March 2019

Well maintained building owned by the same owner for many years! They do not build properties anymore with the beautiful redwood that was used on this. Rents are really low and on month to month. Four spacious 1 bed 1 bath units. Easy to rent! Large 6 stall carport with spacious private storage rooms. Nice private lot with over 9000 sf. Great location! Just steps to Valley Medical Center and SJ City College. In single family residence neighborhood with easy access to Moorpark Ave, Winchester Blvd, Stevens Creek Blvd, and Bascom Ave.

Last Agent to Sell the Property

Pete Myers

Coldwell Banker Realty License #01094953 Listed on: 09/06/2018

Coldwell Banker Realty

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1951

Lot Details

  • 9,126

Parking

  • 6 Carport Spaces

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,804 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Wood Flooring

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Additional Features

  • 9,126 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $42,600

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $2,000
  • Maintenance Expense $1,500
  • Utility Expense $1,200
  • Trash Expense $1,200
  • Operating Expense $10,783
  • Gross Income $42,600

Property Details

Home Type

Multi-Family

Year Built

1951

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2804
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Living Sq Ft: 2804
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Hardwood
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 6

Utilities

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

Lot Info

  • Lot Acres: 0.2095
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9125.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9125.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 37.51
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 1800
  • Expense Maintenance: 1500
  • Expenses Total: 10783
  • Expenses Utility: 1200
  • Expense Trash: 1200
  • Income Annual Gross: 42600.00
  • Income Annual Rental: 42600
  • Income Gross Scheduled: 42600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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
03/05/2019 03/05/19 Sold $1,550,000 -3.0% $553 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $1,598,000 -- $570 / 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 $22,621 $1,729,049 $1,338,620 $390,429
2024 $22,621 $1,695,147 $1,312,373 $382,774
2023 $22,314 $1,661,910 $1,286,641 $375,269
2022 $22,122 $1,629,324 $1,261,413 $367,911
2021 $21,683 $1,597,378 $1,236,680 $360,698
2020 $21,165 $1,581,000 $1,224,000 $357,000
2019 $3,376 $101,432 $32,907 $68,525
2018 $3,218 $99,444 $32,262 $67,182
2017 $3,083 $97,495 $31,630 $65,865
2016 $2,877 $95,584 $31,010 $64,574
2015 $2,741 $94,150 $30,545 $63,605
2014 $2,528 $92,307 $29,947 $62,360
Source: Public Records

Agents Affiliated with this Home

  • Pete Myers

    Seller's Agent in 2019

    Pete Myers

    Coldwell Banker Realty

    (408) 605-0428

    44 Total Sales

    Pete Myers
    Section Image

  • R

    Buyer's Agent in 2019

    RECIP

    Out of Area Office

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Map

Source: MLSListings

MLS Number: ML81722199

MLSListings

APN: 282-01-027

California Santa Clara County San Jose 95128 Fruitdale

590 Macarthur Ave, San Jose, CA

Not Listed for Sale

MultiFamily

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