NOT LISTED FOR SALE

618 Cypress Ave San Jose, CA 95117

Castlemont Neighborhood
4 Beds
2 Baths
1,578 Sq Ft
8,211 Sq Ft Lot

Last Sold October 08, 2021

Last sale price $1,555,000 $985 Per Sq Ft

11 Days on Market

Highlights

  • Guest Parking
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Del Mar High School Rated A-

About This Home

As of October 2021

Investors dream come true, a duplex that's ready for you to live in one unit or make both units rental properties w/ top rental income. Central location, minutes from Santana Row & Valley Fair! Both units completely renovated down to the studs w/ new kitchen, new bathrooms, new floors, new roof & more! Additionally, new driveway, new landscaping, new fence and so on! It truly is turn key! Living room w/ loads of natural light! Both units have fully upgraded kitchen w/ granite counters, loads of cabinet space, lazy susan, stainless steel appliances and dining area. Bathrooms in both units completely remodeled. New Furnace, Water Heater, Washer/Dryer and more! Easy access to major freeways such as 280, 880 and near major corporations & parks! 618 Cypress unit is currently vacant, both units are exact mirrors w/the same finishes. Unit 622 Cypress is occupied, please don't disturb. Don't miss out on this great opportunity to own a like new duplex in the Bay Area!

Last Agent to Sell the Property

Rabia Alizai

Compass License #01911932 Listed on: 09/07/2021

Compass

Last Buyer's Agent

Steven Gary

Realty One Group Infinity License #01895061

Realty One Group Infinity

Property Details

Home Type

  • Multi-Family

Year Built

  • 1956

Lot Details

  • 8,211

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Guest Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,578 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Additional Features

  • 8,211 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $67,200

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $200
  • Insurance Expense $900
  • Utility Expense $2,400
  • Operating Expense $17,500
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Year Built

1956

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 65
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1578
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Living Sq Ft: 1578
  • Stories: 1

Exterior Features

  • Foundation: Crawl Space
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 6
  • Garage Parking Features: Attached Garage, Drive Through, Guest / Visitor Parking, Off-Street Parking
  • Carport Min: 4

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1885
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8213.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8213.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 19.33
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 900
  • Expense Landscape: 200
  • Expenses Total: 17500
  • Expenses Utility: 2400
  • Income Annual Gross: 67200.00
  • Income Annual Rental: 67200
  • Income Gross Scheduled: 67200
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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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 Change Sq Ft Price
10/08/2021 10/08/21 Sold $1,555,000 +19.7% $985 / Sq Ft
09/18/2021 09/18/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $1,299,000 -- $823 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rabia Alizai

    Seller's Agent in 2021

    Rabia Alizai

    Compass

    (408) 393-7679

    3 in this area

    253 Total Sales

    Rabia Alizai
    Section Image
  • Steven Gary

    Buyer's Agent in 2021

    Steven Gary

    Realty One Group Infinity

    (408) 644-3287

    2 in this area

    15 Total Sales

    Steven Gary
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81858017

MLSListings
California Santa Clara County San Jose 95117 Castlemont

618 Cypress Ave, San Jose, CA

This home is located at 618 Cypress Ave, San Jose, CA 95117 since 07 September 2021. This property was built in 1956. 618 Cypress Ave is a home located in Santa Clara County with nearby schools including Del Mar High School, Lynhaven Elementary School, and Monroe Middle School.

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