NOT LISTED FOR SALE
2 Beds
2 Baths
1,120 Sq Ft
9,984 Sq Ft Lot

Last Sold April 22, 2022

Last sale price $975,000 $871 Per Sq Ft

72 Days on Market

About This Home

As of April 2022

*** BACK ON THE MARKET AT NO FAULT OF SELLER*** This duplex, consists of (2) 1 bedroom, 1 bathroom separate cottages, with their respective back yards. The property sits on a 9,798 SF lot; said lot has value add potential with ADU plans for a 2 Bed/ 1 Bath. 760 S 9th St has gone through a massive exterior and interior renovations in the last few months. Those renovations include a fresh coat of paint, a tree trimming, fencing and landscaping on the exterior; along with new floor laminate, lighting and dual pane windows on the inside. The tenants can enjoy close distance to major companies that Downtown San Jose has to offer, Adobe, ZOOM, Deloitte, PWC, and Okta just to name a few. San Jose State University is less than 1 mile away from this property, giving it a strong rental market with the high demand in housing in this area.

Last Agent to Sell the Property

Dusty Blackman

Compass License #01999734 Listed on: 12/09/2021

Compass

Co-Listed By

Jodene Collings Hayes

Compass License #01962093

Last Buyer's Agent

Irene Borz

1 Team Realtors test222 License #01228057

Property Details

Home Type

  • Multi-Family

Year Built

  • 1946

Lot Details

  • 9,984 Sq Ft Lot

Home Design

  • Duplex
  • Flat Roof Shape
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,120 Sq Ft Home
  • 1-Story Property

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Co-Op Water
  • Private Sewer

Listing and Financial Details

  • Total Actual Rent $42,000
  • Month-to-Month Lease Term

Community Details

Overview

  • 1,120 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,200
  • Insurance Expense $700
  • Maintenance Expense $800
  • Other Expense $266
  • Utility Expense $764
  • Trash Expense $1,098
  • Operating Expense $16,141
  • Gross Income $40,740

Property Details

Home Type

Multi-Family

Year Built

1946

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1120
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Living Sq Ft: 1120
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Flat / Low Pitch

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Off-Street Parking, Parking Area

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Private

Lot Info

  • Lot Acres: 0.2292
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9983.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9983.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 22.98
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 700
  • Expense Landscape: 1200
  • Expense Maintenance: 800
  • Expenses Other: 266
  • Expenses Total: 16141
  • Expenses Utility: 764
  • Expense Trash: 1098
  • Income Annual Gross: 40740.00
  • Income Annual Rental: 42000
  • Income Gross Scheduled: 42000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

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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Average Value
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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 List to Sale Price per Sq Ft
04/22/2022 04/22/22 Sold $975,000 -2.0% $871 / Sq Ft
02/20/2022 02/20/22 Pending -- -- --
12/09/2021 12/09/21 For Sale $995,000 -- $888 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $13,108 $1,071,307 $663,255 $408,052
2024 $13,108 $930,000 $645,000 $285,000
2023 $12,617 $994,500 $637,500 $357,000
2022 $13,582 $969,000 $918,000 $51,000
2021 $5,089 $252,503 $139,628 $112,875
2020 $4,873 $249,915 $138,197 $111,718
2019 $4,718 $245,016 $135,488 $109,528
2018 $4,635 $240,213 $132,832 $107,381
2017 $4,573 $235,504 $130,228 $105,276
2016 $4,405 $230,887 $127,675 $103,212
2015 $4,359 $227,420 $125,758 $101,662
2014 $3,473 $222,966 $123,295 $99,671
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81874244

MLSListings

APN: 472-23-121