NOT LISTED FOR SALE
4 Beds
2 Baths
1,716 Sq Ft
6,682 Sq Ft Lot

Last Sold January 06, 2023

Last sale price $1,125,000 $656 Per Sq Ft

148 Days on Market

Highlights

  • Fireplace
  • Back Yard
  • 1-Story Property
  • Floor Furnace

About This Home

As of January 2023

Two adjacent duplexes for sale in prime location right off the Alameda near the Rose Garden! 721/23 Myrtle Street features one vacant unit and one occupied unit, making it perfect for either an Owner resident or the opportunistic investor alike! Vacant unit ready to be remodeled and customized to the next Owner's tastes. Each duplex is approximately 1,716 square feet and consists of two 2-bedroom, 1-bath units. The units boast spacious family rooms with fireplaces, open kitchens with dining area and 1 car garages for all units. Both back units feature an extra parking spot and a large patio backyard - possible area to add ADU. Located within minutes from the beloved Rose Garden, Bellarmine College Preparatory and Santa Clara University, Downtown San Jose, San Jose International Airport, Santana Row and Valley Fair Mall, many great restaurants, freeways, shopping centers and so much more! For more information please contact Alex or Nick Kehriotis at 408.249.2500 today!

Last Agent to Sell the Property

Nick Kehriotis

JMK Investments License #01921720 Listed on: 07/11/2022

Last Buyer's Agent

Scott Poncetta

KW Bay Area Estates License #01497030

KW Bay Area Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • 1952

Lot Details

  • 6,682 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Garage
  • 1 Carport Space

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,716 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Utilities

  • Floor Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $44,760

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $4,220
  • Insurance Expense $3,397
  • Manager Expense $3,072
  • Other Expense $1
  • Operating Expense $15,345
  • Gross Income $44,760

Property Details

Home Type

Multi-Family

Year Built

1952

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1716
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Dishwasher, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 1716
  • Stories: 1

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Carport
  • Carport Min: 1

Utilities

  • Heating System: Fireplace, Floor Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1534
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6683.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6683.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 26.25
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3397
  • Expense Landscape: 4220
  • Expense Management: 3072
  • Expenses Other: 1
  • Expenses Total: 15345
  • Income Annual Gross: 44760.00
  • Income Annual Rental: 44760
  • Income Gross Scheduled: 44760
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

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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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
01/06/2023 01/06/23 Sold $1,125,000 -4.3% $656 / Sq Ft
12/07/2022 12/07/22 Pending -- -- --
11/01/2022 11/01/22 Price Changed $1,174,999 -7.8% $685 / Sq Ft
09/28/2022 09/28/22 Price Changed $1,275,000 -1.9% $743 / Sq Ft
07/11/2022 07/11/22 For Sale $1,300,000 -- $758 / 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: ML81899754

MLSListings

APN: 261-09-013