NOT LISTED FOR SALE
1 Bed
3 Baths
3,744 Sq Ft
2,831 Sq Ft Lot

Last Sold August 29, 2017

Last sale price $1,175,000 $314 Per Sq Ft

21 Days on Market

About This Home

As of August 2017

Nine Units just blocks away from San Jose State! Unit mix consists of Two-1 bed/1 bath units, One-Studio and Six-Single Rooms (SRO) that share 2.5 bathrooms. Additional tenant storage is available in the basement with personal storage lockers. All units are legal and permitted. There is a 2 car detached garage on premises and 2 open spaces. Off street parking is available with City of San Jose Parking Permit. All utilities are master metered and paid by the landlord. Low expenses. New roof in 2006, new water heater in 2007, new refrigerators & gas ranges through 2008, new carpet through 2007, interior paint in 2008. Walking distance to SJSU, shopping, dining and entertainment. Offering Memorandum available.

Last Agent to Sell the Property

Michael Shields

SiliconValley MultiFamilyGroup License #01327546 Listed on: 05/05/2017

Last Buyer's Agent

Michael Shields

SiliconValley MultiFamilyGroup License #01327546 Listed on: 05/05/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • 1925

Lot Details

  • 2,831

Parking

  • 2 Car Detached Garage

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Bitumen Roof

Interior Spaces

  • 3,744 Sq Ft Home
  • 2-Story Property

Additional Features

  • 2,831 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $100,680
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 9 Leased Units
  • Gardener Expense $960
  • Insurance Expense $1,880
  • Maintenance Expense $1,614
  • Other Expense $833
  • Utility Expense $8,015
  • Operating Expense $32,074
  • Gross Income $100,680

Property Details

Home Type

Multi-Family

Year Built

1925

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM
  • Subclass: Multiple Dwellings / Structures
  • Age: 92
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3744
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Interior Features

  • Living Sq Ft: 3744
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Bitumen
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage, Parking Restrictions

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.0650
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2808.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2808.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 11.67
  • Number Of Leased: 9

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1880
  • Expense Landscape: 960
  • Expense Maintenance: 1614
  • Expenses Other: 833
  • Expenses Total: 32074
  • Expenses Utility: 8015
  • Income Annual Gross: 100680.00
  • Income Annual Rental: 100680
  • Income Gross Scheduled: 100680
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance, Services - Gardener, Utilities
  • Tenant Expenses: Rent Only
  • Vacancy Factor: 3

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
08/29/2017 08/29/17 Sold $1,175,000 0.0% $314 / Sq Ft
05/27/2017 05/27/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $1,175,000 -- $314 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81650251

MLSListings