NOT LISTED FOR SALE

847 Palm St San Jose, CA 95110

Washington-Guadalupe Neighborhood

Estimated Value: $1,531,093

6 Beds
5 Baths
3,520 Sq Ft
$435/Sq Ft Est. Value

Sale Details

Date Sold: September 26, 2023

Last sale price $1,380,000 $392 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,874 / mo

17 Days on Market

Highlights

  • Forced Air Heating System
  • 1-Story Property
  • 4-minute walk to Virginia Station

About This Home

As of September 2023

99% rebuilt in 2014, only some framing from the original structure remains. Zoned R2, but built as a non-conforming triplex. Top floor unit A is 3BR/2BA at 1500 sq ft; lower level unit B is 2BR/2BA at 1375 sq ft; detached garage now houses fully equipped 1BR/1BA unit C at 645 sq ft. Ceiling fans, recess lightings, Anderson dual pane windows, engineering wood flooring, 16 inch tiles in kitchen and baths, inside laundry for each unit, Tankless water heaters. Tenant occupied.

Last Agent to Sell the Property

Lei Skov

Compass License #01368947 Listed on: 08/01/2023

Compass

Last Buyer's Agent

Narinder Kamboj

Compass License #01221049

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 2014

Lot Details

  • 5,933

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,520 Sq Ft Home
  • 1-Story Property

Parking

  • 3 Parking Spaces
  • No Garage

Additional Features

  • 5,933 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $87,600

Community Details

Overview

  • 3,520 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,853
  • Maintenance Expense $600
  • Trash Expense $1,780
  • Operating Expense $19,463
  • Gross Income $84,972

Property Details

Home Type

Multi-Family

Year Built

2014

Lot Details

5,933 Sq Ft Lot

Listing Details

  • Zoning: R2
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3520
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2014

Interior Features

  • Living Sq Ft: 3520
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: No Garage, Parking Area

Utilities

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

Schools

  • High School: 350

Lot Info

  • Lot Acres: 0.1362
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5932.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5932.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.45
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1853
  • Expense Maintenance: 600
  • Expenses Total: 19463
  • Expense Trash: 1780
  • Income Annual Gross: 84972.00
  • Income Annual Rental: 87600
  • Income Gross Scheduled: 87600
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
09/26/2023 09/26/23 Sold $1,380,000 -9.7% $392 / Sq Ft
08/19/2023 08/19/23 Pending -- -- --
08/11/2023 08/11/23 Price Changed $1,528,888 -4.4% $434 / Sq Ft
08/01/2023 08/01/23 For Sale $1,600,000 +68.4% $455 / Sq Ft
05/05/2015 05/05/15 Sold $950,000 +11.8% $270 / Sq Ft View Prior Sale
04/15/2015 04/15/15 Pending -- -- --
04/15/2015 04/15/15 For Sale $850,000 -- $241 / Sq Ft
Source: MLSListings

Agents Affiliated with this Home

  • Lei Skov

    Seller's Agent in 2023

    Lei Skov

    Compass

    (408) 896-4360

    1 in this area

    28 Total Sales

    Lei Skov
    Section Image

  • N

    Buyer's Agent in 2023

    Narinder Kamboj

    Compass

    Section Image

  • D

    Buyer's Agent in 2023

    David Lasman

  • G

    Seller's Agent in 2015

    Gary Shapiro

    Intero Real Estate Services

    Section Image

  • J

    Buyer's Agent in 2015

    JoeSue Wang

    NAREIG

    Section Image
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Map

Source: MLSListings

MLS Number: ML81936836

MLSListings

APN: 264-39-046

California Santa Clara County San Jose 95110 Washington-Guadalupe

847 Palm St, San Jose, CA

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