NOT LISTED FOR SALE
6 Beds
6 Baths
2,825 Sq Ft
6,560 Sq Ft Lot

Last Sold July 16, 2024

Last sale price $1,425,000 $504 Per Sq Ft

21 Days on Market

About This Home

As of July 2024

925 & 927 E Julian St is an exceptional duplex investment opportunity located in the prosperous city of San Jose, California. Situated on a parcel of land totaling 6,558 square feet, the subject property was originally constructed in 1940 and features a gross building area of approximately 2,825 square feet, offering tenants and residents beautifully designed three-bedroom floor plans. 925 & 927 E Julian St sits near Downtown San Jose and is within proximity to the Target anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations. Additionally, the subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings.

Last Agent to Sell the Property

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 04/16/2024

Co-Listed By

Arman Sadigh

Marcus & Millichap License #02191036

Last Buyer's Agent

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 04/16/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 6,560 Sq Ft Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,825 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $77,244
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $2,246
  • Maintenance Expense $1,000
  • Other Expense $1,800
  • Utility Expense $1,900
  • Operating Expense $28,695
  • Gross Income $74,927

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

0

Parking

3

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 84
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2825
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 2825
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage, Detached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.1506
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6558.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6558.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 19.16
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2246
  • Expense Landscape: 1800
  • Expense Maintenance: 1000
  • Expenses Other: 1800
  • Expenses Total: 28695
  • Expenses Utility: 1900
  • Income Annual Gross: 74927.00
  • Income Annual Rental: 77244
  • Income Gross Scheduled: 77244
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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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 Change Sq Ft Price
07/16/2024 07/16/24 Sold $1,425,000 -3.7% $504 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
04/16/2024 04/16/24 For Sale $1,480,000 -- $524 / 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: ML81961560

MLSListings

APN: 249-62-017