NOT LISTED FOR SALE

703 N 3rd St San Jose, CA 95112

Japantown Neighborhood
3 Beds
3 Baths
1,694 Sq Ft
5,663 Sq Ft Lot

Last Sold December 06, 2013

Last sale price $596,000 $352 Per Sq Ft

143 Days on Market

About This Home

As of December 2013

EXTREMELY MOTIVATED SELLER - Huge price reduction! Great investment opportunity with significant upside in rents! Income and expenses are represented with market rents ($1,350/unit/month). New dual pane windows and located on a corner lot. Marketing Package Available upon request.

Last Agent to Sell the Property

Mitchell Zurich

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

Last Buyer's Agent

Cindy Yang

Goodview Financial & Real Estate License #01940302

Goodview Financial & Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Lot Details

  • 5,663

Parking

  • Private Parking

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1,694 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $48,600
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 1,694 Sq Ft Building

Building Details

  • Gardener Expense $660
  • Insurance Expense $702
  • Maintenance Expense $1,200
  • Trash Expense $719
  • Operating Expense $12,761
  • Gross Income $47,142

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Age: 65
  • Sale Price Per Sq Ft: 351.83
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 1694
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Living Sq Ft: 1694
  • 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: 5700.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5700.00
  • Lot Size Area Min Search: 5700.00
  • Maximum Lot Size: 5700.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.24

Multi Family

  • Expense Insurance: 702
  • Expense Landscape: 660
  • Expense Maintenance: 1200
  • Expenses Total: 12761
  • Expense Trash: 719
  • Expense Water Sewer: 1020
  • Income Annual Gross: 47142.00
  • Income Annual Rental: 48600
  • Income Gross Scheduled: 48600
  • 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, Services - Gardener, Utilities - Water, Maintenance - Repair, Fee - Property Tax, Vacancy Factor
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric
  • Vacancy Amount: 1458
  • Vacancy Factor: 3

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
12/06/2013 12/06/13 Sold $596,000 -15.5% $352 / Sq Ft
11/08/2013 11/08/13 Pending -- -- --
06/18/2013 06/18/13 For Sale $705,000 -- $416 / 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

    84 Total Sales

    Mitchell Zurich
    Section Image

  • C

    Buyer's Agent in 2013

    Cindy Yang

    Goodview Financial & Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81321692

MLSListings
California Santa Clara County San Jose 95112 Japantown

703 N 3rd St, San Jose, CA

This home is located at 703 N 3rd St, San Jose, CA 95112 since 18 June 2013. This property was built in 1948. 703 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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