NOT LISTED FOR SALE

925 Ravenscourt Ave San Jose, CA 95128

Castlemont Neighborhood
8 Beds
4 Baths
3,328 Sq Ft
0.33 Acres

Last Sold June 03, 2021

Last sale price $1,950,000 $586 Per Sq Ft

31 Days on Market

About This Home

As of June 2021

Welcome to 925 Ravenscourt Ave, located in the desirable area of Campbell. This fourplex consists of four two-bedroom, one-bath units, eight parking spaces, and an on-site laundry facility. There is little or no deferred maintenance. All units have been renovated including kitchens, bathrooms and both buildings have newer roofs. And there is potential to add additional ADUs to increase cash flow! Convenient location, Short drive to Santana Row, Downtown Campbell, restaurants, and other major employers. Easy access to freeways 280 and 85/17/880. This is a great investment with upside potential! Buyers have the option to purchase 923 Ravenscourt Ave concurrently with this listing.

Last Agent to Sell the Property

Andy Tse

Intero Real Estate Services License #01345580 Listed on: 03/20/2021

Intero Real Estate Services

Co-Listed By

Eric Tran

Intero Real Estate Services License #01842444

Last Buyer's Agent

Anni Chu

Coldwell Banker Realty License #01189653

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 0.33 Acre Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $114,480

Community Details

Overview

  • 3,328 Sq Ft Building

Building Details

  • 7 Leased Units
  • Gardener Expense $600
  • Insurance Expense $3,050
  • Maintenance Expense $1,500
  • Utility Expense $4,380
  • Trash Expense $630
  • Operating Expense $26,126
  • Gross Income $112,307

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Fourplex
  • Age: 59
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3328
  • Stories: 2
  • Security: Fire Alarm

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Assigned Spaces
  • Carport Min: 8

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High
  • Elementary School: Castlemont Elementary
  • Middle School: Monroe Middle
  • High School: Del Mar High
  • High School: 239
  • Elementary School: 52
  • Middle School: 60

Lot Info

  • Lot Acres: 0.3258
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 14194.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 14194.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 15.98
  • Number Of Leased: 7

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 3050
  • Expense Landscape: 600
  • Expense Maintenance: 1500
  • Expenses Total: 26126
  • Expenses Utility: 4380
  • Expense Trash: 630
  • Income Annual Gross: 112307.00
  • Income Annual Rental: 114480
  • Income Gross Scheduled: 115780
  • Income Includes: Laundry, Rents
  • Income Other: 1300
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Other Taxes, Insurance, Maintenance, Maintenance - Laundry, Services - Sewer, Services - Trash Removal, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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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 Change Sq Ft Price
06/03/2021 06/03/21 Sold $1,950,000 +5.4% $586 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/09/2021 04/09/21 Price Changed $1,850,000 -53.8% $556 / Sq Ft
03/20/2021 03/20/21 For Sale $4,000,000 -- $1,202 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andy Tse

    Seller's Agent in 2021

    Andy Tse

    Intero Real Estate Services

    (408) 807-8808

    8 in this area

    826 Total Sales

    Andy Tse
    Section Image
  • Eric Tran

    Seller Co-Listing Agent in 2021

    Eric Tran

    Intero Real Estate Services

    (408) 508-7900

    2 in this area

    147 Total Sales

    Eric Tran
    Section Image
  • Anni Chu

    Buyer's Agent in 2021

    Anni Chu

    Coldwell Banker Realty

    (650) 424-8188

    1 in this area

    12 Total Sales

    Anni Chu
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81835124

MLSListings
California Santa Clara County San Jose 95128 Castlemont

925 Ravenscourt Ave, San Jose, CA

This home is located at 925 Ravenscourt Ave, San Jose, CA 95128 since 20 March 2021. This property was built in 1962. 925 Ravenscourt Ave is a home located in Santa Clara County with nearby schools including Del Mar High School, Blackford Elementary, and Castlemont Elementary School.

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