NOT LISTED FOR SALE
8 Beds
4 Baths
3,062 Sq Ft
6,347 Sq Ft Lot

Sale Details

Date Sold: June 19, 2017

Last sale price $2,018,000 $659 Per Sq Ft

5 Days on Market

Highlights

  • Balcony
  • Double Pane Windows
  • Coin Laundry
  • Skylights
  • Forced Air Heating System
  • Vinyl Flooring

About This Home

As of June 2017

The property has true pride-of-ownership & a highly sought after mix of 4 Two-Bedroom units. It has approximately 3,062 sqft of living space on 0.15 acre of land & also benefits from a large parking lot. $136k Gross Schedule Rents. Actual Rents: Unit #1 $2700, #2 $2800, #3 2700. Unit 4 rent $2800 Proforma (have 3 tenants ready to move in) The property is in a prime Downtown San Jose location within walking distance to San Jose State University & many major employers, transportation corridors, shopping, dining & entertainment. Highways 280, 101, 880 & 87 are within close proximity, providing easy access to all major bay area destinations. The investment appeal of this property is driven by San Jose's strong employment fundamentals & low vacancy levels in a world-class location in the heart of Silicon Valley. Marketing Package & Offering Memorandum available. Fully remodeled Two bedroom units, new water heater 2016, stainless steel appliances; new paint inside/out; new fence.

Last Agent to Sell the Property

David Flores

Realty World Dominion License #01713023 Listed on: 06/05/2017

Last Buyer's Agent

Vanda Savchenkova

Bravo Realty Inc License #01819427

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1976

Lot Details

  • 6,347

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,062 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Double Pane Windows
  • Vinyl Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Parking

  • 7 Parking Spaces
  • Assigned Parking

Utilities

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

Additional Features

  • Balcony
  • 6,347 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $133,800

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Insurance Expense $1,540
  • Maintenance Expense $2,000
  • Utility Expense $365
  • Trash Expense $1,345
  • Operating Expense $30,484
  • Gross Income $132,696

Property Details

Home Type

Multi-Family

Year Built

1976

Lot Details

6,347 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3062
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Interior Features

  • Kitchen: Countertop - Other, Dishwasher, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 3062
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Shingle
  • Yard/Grounds: Balcony / Patio
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 7
  • Garage Parking Features: Assigned Spaces

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Skylight

Schools

  • High School: 347

Lot Info

  • Lot Acres: 0.1457
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6348.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6348.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 14.54
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1540
  • Expense Maintenance: 2000
  • Expenses Total: 30484
  • Expenses Utility: 365
  • Expense Trash: 1345
  • Income Annual Gross: 132696.00
  • Income Annual Rental: 133800
  • Income Gross Scheduled: 136800
  • Income Includes: Rents
  • Income Other: 3000
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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
Jun 5, 2017
Closed on
Jun 13, 2017
Sold by
Bought by
Seller's Agent
David Flores
Realty World Dominion
Buyer's Agent
Vanda Savchenkova
Bravo Realty Inc
List Price
$1,988,000
Sold Price
$2,018,000
Premium/Discount to List
$30,000
1.51%

Purchase Details

Listed on
Dec 10, 2016
Closed on
Dec 30, 2016
Sold by
Bought by
Seller's Agent
Michael Morgan
Intero Real Estate Services
Buyer's Agent
Michael Morgan
Intero Real Estate Services
List Price
$1,199,999
Sold Price
$1,200,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
217.43%
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
$2,018,000 Chicago Title Company
$1,200,000 Chicago Title Company
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 Prior Sale
06/19/2017 06/19/17 Sold $2,018,000 +1.5% $659 / Sq Ft
06/11/2017 06/11/17 Pending -- -- --
06/05/2017 06/05/17 Price Changed $1,988,888 0.0% $650 / Sq Ft
06/05/2017 06/05/17 For Sale $1,988,000 +65.7% $649 / Sq Ft
01/05/2017 01/05/17 Sold $1,200,000 0.0% $392 / Sq Ft View Prior Sale
12/13/2016 12/13/16 Pending -- -- --
12/10/2016 12/10/16 For Sale $1,199,999 -- $392 / 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 $20,190 $1,395,000 $1,255,000 $140,000
2025 $19,785 $1,500,000 $1,300,000 $200,000
2024 $19,785 $1,540,200 $1,285,200 $255,000
2023 $19,388 $1,510,000 $1,260,000 $250,000
2022 $22,384 $2,206,974 $1,618,595 $588,379
2021 $27,212 $2,163,701 $1,586,858 $576,843
2020 $26,765 $2,141,516 $1,570,587 $570,929
2019 $26,252 $2,099,527 $1,539,792 $559,735
2018 $26,032 $2,058,360 $1,509,600 $548,760
2017 $4,859 $263,055 $81,297 $181,758
2016 $4,678 $257,898 $79,703 $178,195
2015 $4,601 $254,025 $78,506 $175,519
2014 $4,401 $249,050 $76,969 $172,081
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81654531

MLSListings

APN: 472-23-103

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