NOT LISTED FOR SALE

702 N 3rd St San Jose, CA 95112

Japantown Neighborhood
4 Beds
-- Bath
1,650 Sq Ft
5,663 Sq Ft Lot

Last Sold December 06, 2013

Last sale price $570,000 $345 Per Sq Ft

101 Days on Market

About This Home

As of December 2013

Price Just Reduced by $40k - MOTIVATED SELLER! Great Investment opportunity with significant upside in rents! Income and expenses are represented with market rents ($1,650/unit/month). Built in 1946 and consists of (2) two bedroom units. New dual pane windows and copper piping. Marketing Package Avaiable upon request.

Last Agent to Sell the Property

Mitchell Zurich

Marcus & Millichap License #01870648 Listed on: 06/18/2013

Last Buyer's Agent

Alisha Pruitt

CSR Real Estate Services License #01240124

CSR Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1946

Lot Details

  • 5,663

Parking

  • Private Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,650 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $39,600
  • The owner pays for garbage, water

Community Details

Overview

  • 1,650 Sq Ft Building

Building Details

  • Gardener Expense $660
  • Insurance Expense $611
  • Maintenance Expense $1,000
  • Trash Expense $719
  • Operating Expense $10,914
  • Gross Income $38,412

Property Details

Home Type

Multi-Family

Year Built

1946

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Age: 67
  • Sale Price Per Sq Ft: 345.45
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1650
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Living Sq Ft: 1650
  • Stories: 1
  • Laundry: Gas Hookup
  • Flooring: Carpet

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5663.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5663.00
  • Lot Size Area Min Search: 5663.00
  • Maximum Lot Size: 5663.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.03

Multi Family

  • Expense Insurance: 611
  • Expense Landscape: 660
  • Expense Maintenance: 1000
  • Expenses Total: 10914
  • Expense Trash: 719
  • Expense Water Sewer: 724
  • Income Annual Gross: 38412.00
  • Income Annual Rental: 39600
  • Income Gross Scheduled: 39600
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Services - Gardener, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric
  • Vacancy Amount: 1188
  • 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
12/06/2013 12/06/13 Sold $570,000 -10.2% $345 / Sq Ft
09/27/2013 09/27/13 Pending -- -- --
06/18/2013 06/18/13 For Sale $635,000 -- $385 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mitchell Zurich

    Seller's Agent in 2013

    Mitchell Zurich

    Marcus & Millichap

    (650) 391-1824

    1 in this area

    85 Total Sales

    Section Image

  • A

    Buyer's Agent in 2013

    Alisha Pruitt

    CSR Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81321689

MLSListings

APN: 249-03-053

California Santa Clara County San Jose 95112 Japantown

702 N 3rd St, San Jose, CA

This home is located at 702 N 3rd St, San Jose, CA 95112 since 18 June 2013. This property was built in 1946. 702 N 3rd St is a home located in Santa Clara County with nearby schools including Muwekma Ohlone Middle, San Jose High School, and Walter L. Bachrodt Elementary School.

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