NOT LISTED FOR SALE
4 Beds
2 Baths
1,716 Sq Ft
6,551 Sq Ft Lot

Sale Details

Date Sold: December 12, 2022

Last sale price $1,100,000 $641 Per Sq Ft

126 Days on Market

Highlights

  • Wood Flooring
  • Floor Furnace
  • 1-Story Property

About This Home

As of December 2022

Two adjacent duplexes for sale in prime location right off the Alameda near the Rose Garden! 725/27 Myrtle Street features both units currently occupied, providing in place rental income to the next Owner. 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

Steven Than

S T Real Estate & Financial Services License #00983236

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1952

Lot Details

  • 6,551 Sq Ft Lot

Parking

  • 2 Car Garage
  • 1 Carport Space

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

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

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate

Utilities

  • Floor Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $47,448

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $2,700
  • Insurance Expense $5,450
  • Other Expense $1,188
  • Operating Expense $14,243
  • Gross Income $47,448

Property Details

Home Type

Multi-Family

Year Built

1952

Lot Details

6,551 Sq Ft Lot

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
  • Flooring: Hardwood, Laminate

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Acres: 0.1504
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6553.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6553.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 24.76
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 5450
  • Expense Landscape: 2700
  • Expenses Other: 1188
  • Expenses Total: 14243
  • Income Annual Gross: 47448.00
  • Income Annual Rental: 47448
  • Income Gross Scheduled: 47448
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Repair, Miscellaneous/Other, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Dec 5, 2022
Sold by
Bought by
Seller's Agent
Nick Kehriotis
JMK Investments
Buyer's Agent
Steven Than
S T Real Estate & Financial Services
List Price
$1,300,000
Sold Price
$1,100,000
Premium/Discount to List
-$200,000
-15.38%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$401,639
Interest Rate
6.49%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,100,000 Stewart Title Guaranty Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $420,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/12/2022 12/12/22 Sold $1,100,000 -6.4% $641 / Sq Ft
11/15/2022 11/15/22 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $16,231 $1,167,328 $986,923 $180,405
2025 $15,311 $1,144,440 $967,572 $176,868
2024 $15,311 $1,122,000 $948,600 $173,400
2023 $15,003 $1,100,000 $930,000 $170,000
2022 $5,208 $250,869 $79,630 $171,239
2021 $5,012 $245,951 $78,069 $167,882
2020 $4,797 $243,430 $77,269 $166,161
2019 $4,644 $238,657 $75,754 $162,903
2018 $4,561 $233,978 $74,269 $159,709
2017 $4,500 $229,391 $72,813 $156,578
2016 $4,332 $224,894 $71,386 $153,508
2015 $4,287 $221,517 $70,314 $151,203
2014 -- $217,179 $68,937 $148,242
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81899753

MLSListings

APN: 261-09-012

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