NOT LISTED FOR SALE
7 Beds
2 Baths
2,436 Sq Ft
9,727 Sq Ft Lot

Last Sold August 28, 2023

Last sale price $1,400,000 $575 Per Sq Ft

57 Days on Market

Highlights

  • 5 Car Detached Garage
  • Secured Garage or Parking
  • Forced Air Heating System

About This Home

As of August 2023

This multifamily apartment portfolio, consists of (3) Iconic Properties: Ivy Hall, Dorchester mansion and The Duplex Manor. 279 E San Fernando (Ivy Hall) consists of (17) Single Room Occupancy Bedrooms (SROs). 295 E San Fernando (Dorchester Mansion) consists of (1) 2 Bed 1 Bath (9) 1 Bed 1 Bath (5) Studios and (1) 4 Bed 1.5 Bed Single Family House. 73 S 7th St (Duplex Mansion) consists of (1) 4 Bed 1 Bath (1) 3 Bed 1 Bath Units. The portfolio is located across the street from San Jose State University and down the street from Downtown San Jose. The four buildings are iconic to the city of San Jose with a pride of ownership corner lot.

Last Agent to Sell the Property

Dusty Blackman

Compass License #01999734 Listed on: 06/28/2023

Compass

Co-Listed By

Jodene Collings Hayes

Compass License #01962093

Last Buyer's Agent

Henry Yang

Henry Yang, Broker License #01337046

Property Details

Home Type

  • Multi-Family

Year Built

  • 1898

Lot Details

  • 9,727 Sq Ft Lot

Home Design

  • Duplex
  • Brick Foundation
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,436 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • 5 Car Detached Garage
  • Secured Garage or Parking
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Private Sewer

Listing and Financial Details

  • Total Actual Rent $86,340

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,905
  • Maintenance Expense $600
  • Manager Expense $3,350
  • Other Expense $1,836
  • Utility Expense $2,570
  • Trash Expense $696
  • Operating Expense $27,221
  • Gross Income $83,750

Property Details

Home Type

Multi-Family

Year Built

1898

Lot Details

9,727 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2436
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1898

Interior Features

  • Living Sq Ft: 2436
  • Stories: 2
  • Security: Secured Garage / Parking

Exterior Features

  • Foundation: Brick, Concrete Perimeter, Crawl Space
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Assigned Spaces, Detached Garage

Utilities

  • Heating System: Electric, Forced Air
  • Sewer/Septic System: Sewer - Private

Lot Info

  • Lot Acres: 0.2233
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9725.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9725.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 16.21
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1905
  • Expense Maintenance: 600
  • Expense Management: 3350
  • Expenses Other: 1836
  • Expenses Total: 27221
  • Expenses Utility: 2570
  • Expense Trash: 696
  • Income Annual Gross: 83750.00
  • Income Annual Rental: 86340
  • Income Gross Scheduled: 86340
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Fee - Parking, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3
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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
08/28/2023 08/28/23 Sold $1,400,000 0.0% $575 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $1,400,000 -- $575 / Sq Ft
Source: MLSListings

Tax History

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
2025 $17,218 $1,428,000 $1,173,000 $255,000
2024 $17,218 $1,400,000 $1,150,000 $250,000
2023 $11,975 $944,394 $671,318 $273,076
2022 $11,893 $925,877 $658,155 $267,722
2021 $11,671 $907,723 $645,250 $262,473
2020 $11,480 $898,416 $638,634 $259,782
2019 $11,263 $880,801 $626,112 $254,689
2018 $11,167 $863,532 $613,836 $249,696
2017 $11,083 $846,600 $601,800 $244,800
2016 $10,897 $830,000 $590,000 $240,000
2015 $11,246 $852,468 $601,101 $251,367
2014 -- $835,771 $589,327 $246,444
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81933440

MLSListings

APN: 467-24-025

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