NOT LISTED FOR SALE
4 Beds
4 Baths
3,568 Sq Ft
6,787 Sq Ft Lot

Last Sold December 29, 2023

Last sale price $1,575,000 $441 Per Sq Ft

89 Days on Market

Highlights

  • Wood Flooring
  • 2-minute walk to Civic Center Station (San Jose)
  • Beamed Ceilings
  • Spanish Architecture
  • High Ceiling
  • 2 Car Detached Garage

About This Home

As of December 2023

WOW! You don't see this type of asset come on the market very often! What a beauty. This classic 4 unit apartment building is a stunning representation of 1930's architecture: heavy stucco finish with custom wood shutters and wood accent pieces. The arched entry is framed in Coins with brick trimmed steps. It boasts a corner lot that has a convenient side driveway for ingress and egress. An ample 6,776 SF lot features a beautiful landscaped front yard that is set back from the sidewalk and street giving the home a majestic feel and look to it. At 3,568 SF of building, a resident will enjoy spacious and well designed one bedroom units that are very rare in these types of buildings. Located in the highly sought after Vendome Park neighborhood bordering Japantown, this location features beautifully maintained classic homes from the 1920's - 1940's. It is close to a variety of boutque stores, ethnic dining spots and cool entertainment options. A true portfolio asset!

Last Agent to Sell the Property

Steve Guzzetti

Intero Real Estate Services License #01777838 Listed on: 08/31/2023

Intero Real Estate Services

Last Buyer's Agent

Susan LaRagione

Corcoran Icon Properties License #01791596

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • 1931

Lot Details

  • 6,787 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • On-Street Parking
  • Unassigned Parking

Home Design

  • Quadruplex
  • Spanish Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,568 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Storage Room
  • Washer and Dryer
  • Crawl Space

Kitchen

  • Gas Oven
  • Tile Countertops

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $89,556

Community Details

Overview

  • 3,568 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $1,500
  • Insurance Expense $2,294
  • Maintenance Expense $3,226
  • Other Expense $350
  • Utility Expense $3,029
  • Operating Expense $34,352
  • Gross Income $86,869

Property Details

Home Type

Multi-Family

Year Built

1931

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Spanish
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3568
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1931

Interior Features

  • Kitchen: Countertop - Tile, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3568
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space, Post And Pier
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, Detached Garage, On Street, Unassigned Spaces

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer In Street

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling

Lot Info

  • Lot Acres: 0.1558
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6788.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6788.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.89
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2294
  • Expense Landscape: 1500
  • Expense Maintenance: 3226
  • Expenses Other: 350
  • Expenses Total: 34352
  • Expenses Utility: 3029
  • Income Annual Gross: 86869.00
  • Income Annual Rental: 89556
  • Income Gross Scheduled: 89556
  • Income Includes: Lease
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • 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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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
12/29/2023 12/29/23 Sold $1,575,000 -13.7% $441 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
08/31/2023 08/31/23 For Sale $1,825,000 -- $511 / 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 $22,100 $1,606,500 $841,500 $765,000
2024 $22,100 $1,575,000 $825,000 $750,000
2023 $5,121 $112,974 $39,942 $73,032
2022 $5,049 $110,759 $39,159 $71,600
2021 $4,769 $108,589 $38,392 $70,197
2020 $4,502 $107,477 $37,999 $69,478
2019 $4,313 $105,370 $37,254 $68,116
2018 $4,201 $103,305 $36,524 $66,781
2017 $4,120 $101,280 $35,808 $65,472
2016 $3,910 $99,295 $35,106 $64,189
2015 $3,842 $97,804 $34,579 $63,225
2014 $2,499 $95,889 $33,902 $61,987
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81947901

MLSListings

APN: 249-01-001