NOT LISTED FOR SALE
8 Beds
5 Baths
3,547 Sq Ft
7,148 Sq Ft Lot

Last Sold March 29, 2023

Last sale price $1,425,000 $402 Per Sq Ft

26 Days on Market

Highlights

  • 0.16 Acre Lot
  • Washer and Dryer
  • Carpet
  • Forced Air Heating System

About This Home

As of March 2023

Great investment opportunity! Located in the heart of San Jose with easy access to Downtown San Jose, Willow Glen, and Almaden Valley. Easy access to shopping, groceries, restaurants, parks, highway 85/87, and light rail station. All units are occupied with easy to work with tenants. Listing agent is related to Selleres

Last Agent to Sell the Property

Jason Huie

Cal-Pac North America Properties License #01352794 Listed on: 01/31/2023

Last Buyer's Agent

Tony Sum

Upswing Real Estate License #01731561

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,148 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,547 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $85,920

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $985
  • Insurance Expense $1,836
  • Maintenance Expense $4,000
  • Manager Expense $4,800
  • Other Expense $100
  • Utility Expense $6,687
  • Trash Expense $1,650
  • Operating Expense $33,754
  • Gross Income $87,220

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3547
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Cooktop - Electric, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3547
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Heating System: Central Forced Air - Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Jose Unified
  • Elementary School: Canoas Elementary
  • Middle School: John Muir Middle
  • High School: Gunderson High
  • High School: 345
  • Elementary School: 1098
  • Middle School: 341

Lot Info

  • Lot Acres: 0.1641
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7150.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7150.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 16.03
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1836
  • Expense Landscape: 985
  • Expense Maintenance: 4000
  • Expense Management: 4800
  • Expenses Other: 100
  • Expenses Total: 33754
  • Expenses Utility: 6687
  • Expense Trash: 1650
  • Income Annual Gross: 87220.00
  • Income Annual Rental: 85920
  • Income Gross Scheduled: 87220
  • Income Includes: Laundry
  • Income Other: 1300
  • Meters: Master Electric, Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Services - Gardener, Utilities - Water
  • Tenant Expenses: Utilities - Electric

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
03/29/2023 03/29/23 Sold $1,425,000 +1.9% $402 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
01/31/2023 01/31/23 For Sale $1,398,000 -- $394 / 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: ML81917514

MLSListings

APN: 455-26-010