NOT LISTED FOR SALE

735 Teresi Ct San Jose, CA 95117

Castlemont Neighborhood
7 Beds
4 Baths
2,776 Sq Ft
7,288 Sq Ft Lot

Last Sold September 23, 2021

Last sale price $1,485,000 $535 Per Sq Ft

10 Days on Market

Highlights

  • Washer and Dryer
  • Del Mar High School Rated A-
  • 1-Story Property

About This Home

As of September 2021

Excellent value-add triplex with tremendous potential! This single-story building is walking distance to Santana Row and features a desirable unit mix of (1) 3BD/1.5BA and (2) 2BD/1BA with significant upside in rents. Each unit includes a garage, washer/dryer, and front or backyards. Property, roof, and termite inspection reports are available in the due diligence link for review.

Last Agent to Sell the Property

Eric Katz

Katz Inc License #01900078 Listed on: 08/05/2021

Last Buyer's Agent

Eric Katz

Katz Inc License #01900078 Listed on: 08/05/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 7,288 Sq Ft Lot

Parking

  • 3 Car Garage
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Triplex
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,776 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Utilities

  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $54,508
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $1,388
  • Maintenance Expense $965
  • Utility Expense $1,984
  • Trash Expense $2,995
  • Operating Expense $22,905
  • Gross Income $52,873

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Parking

3

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Age: 62
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2776
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 2776
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Assigned Spaces, Attached Garage, Off-Street Parking

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1673
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7289.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7289.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 23.63
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1388
  • Expense Maintenance: 965
  • Expenses Total: 22905
  • Expenses Utility: 1984
  • Expense Trash: 2995
  • Income Annual Gross: 52873.00
  • Income Annual Rental: 54508
  • Income Gross Scheduled: 54508
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • 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
09/23/2021 09/23/21 Sold $1,485,000 +15.3% $535 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $1,288,000 -- $464 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eric Katz

    Seller's Agent in 2021

    Eric Katz

    Katz Inc

    (408) 438-0969

    4 in this area

    40 Total Sales

    Eric Katz
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Map

Source: MLSListings

MLS Number: ML81857097

MLSListings

APN: 299-43-019

California Santa Clara County San Jose 95117 Castlemont

735 Teresi Ct, San Jose, CA

This home is located at 735 Teresi Ct, San Jose, CA 95117 since 05 August 2021. This property was built in 1959. 735 Teresi Ct is a home located in Santa Clara County with nearby schools including Del Mar High School, Lynhaven Elementary School, and Monroe Middle School.

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