NOT LISTED FOR SALE
6 Beds
5 Baths
2,524 Sq Ft
7,566 Sq Ft Lot

Last Sold March 19, 2020

Last sale price $1,815,000 $719 Per Sq Ft

240 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Walk-In Closet
  • Victorian Architecture
  • Double Pane Windows
  • Secured Garage or Parking

About This Home

As of March 2020

Superlative very centrally located 1898 Queen Anne Victorian 4-plex. RARE GEM in downtown San Jose in the heart of Silicon Valley. Fully occupied ABSOLUTE TURNKEY ASSET with ideal unit mix. New roof, gorgeous new 4 color "Painted Lady" appropriate exterior paint, new sewer lateral, and other recent upgrades. Continuous 23+ year pride of ownership. Meticulously upgraded & maintained. Each unit has THEIR OWN washer/dryer, dishwasher, gas cooking with self-cleaning oven, full sized refrigerator, forced air gas furnace, and full sized water heater. Secured parking behind a beautiful custom wrought iron gate. Interior upgrades include European cabinetry, tile counters, beautiful flooring, ceiling fans, microwaves & more. Original old world style remains throughout: very high ceilings, soaring windows (even some stained glass!), and abundant huge mouldings. Incredibly LOW historical vacancy rate and VERY LONG average tenancy periods.

Last Agent to Sell the Property

David Propach

But Simple, Inc. License #01926166 Listed on: 04/22/2019

Last Buyer's Agent

Lily Garipova

Centermac Realty, Inc. License #02010731

Property Details

Home Type

  • Multi-Family

Year Built

  • 1898

Lot Details

  • 7,566 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Quadruplex
  • Victorian Architecture
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,524 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Toliet
  • Low Flow Shower

Parking

  • 6 Car Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $105,600

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $1,674
  • Maintenance Expense $1,319
  • Other Expense $1,408
  • Utility Expense $1,264
  • Trash Expense $2,076
  • Operating Expense $33,327
  • Gross Income $102,432

Property Details

Home Type

Multi-Family

Year Built

1898

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Style: Victorian
  • Age: 121
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2524
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1898

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Hood Over Range, Microwave, Oven - Self Cleaning, Oven Range - Gas, Refrigerator, Varies By Unit
  • Living Sq Ft: 2524
  • Stories: 2
  • Security: Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Post And Pier, Raised, Wood Frame
  • Roof: Composition
  • Yard/Grounds: Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Common Parking Area, Gate / Door Opener, Off-Street Parking, Room For Oversized Vehicle, Uncovered Parking

Utilities

  • Cooling System: Ceiling Fan, Window / Wall Unit
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Description: Grade - Level, Paved, Regular
  • Lot Acres: 0.1737
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7565.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7565.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Energy Star Appliances, Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Less Than 1 Yr, Security Deposit
  • Gross Rent Multiplier: 17.95
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1674
  • Expense Landscape: 1800
  • Expense Maintenance: 1319
  • Expenses Other: 1408
  • Expenses Total: 33327
  • Expenses Utility: 1264
  • Expense Trash: 2076
  • Income Annual Gross: 102432.00
  • Income Annual Rental: 105600
  • Income Gross Scheduled: 105600
  • Income Includes: Rents
  • Meters: Master Electric, Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance - Exterminator, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 3

Range of Values:

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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
03/19/2020 03/19/20 Sold $1,815,000 -4.2% $719 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
11/29/2019 11/29/19 Price Changed $1,895,000 -5.0% $751 / Sq Ft
04/22/2019 04/22/19 For Sale $1,995,000 -- $790 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81748122

MLSListings