NOT LISTED FOR SALE

940 Gretchen Ln San Jose, CA 95117

Blackford Neighborhood
4 Beds
2 Baths
1,536 Sq Ft
6,534 Sq Ft Lot

Last Sold June 07, 2024

Last sale price $1,550,000 $1,009 Per Sq Ft

14 Days on Market

Highlights

  • Balcony
  • Skylights
  • Forced Air Heating and Cooling System
  • Easterbrook Discovery Rated A
  • Enclosed patio or porch
  • Ceiling Fan

About This Home

As of June 2024

OUTSTANDING OPPORTUNITY | Come see and don't miss your chance to own a DUPLEX in the West San Jose / Campbell / Saratoga area. Perfect for buyers seeking to benefit from the savvy solution to reside in their own home while leasing the other to generate additional income. Fantastic opportunity for investors as both units have provided consistent long-term investment income. The total structure consists of 4 bedrooms, 2 bathrooms; spread across 1,536 square feet and split into 2 units. Both units are 2 bedroom, 1 bathroom homes that each feature its own central AC and heat, washer/dryer hookups, attached one-car garage, amply sized backyard, front yard and secluded front patio. Unit 940 is already tenant occupied and lovingly maintained, while unit 942 is freshly painted, ready to see and for moving in. Adding value are the convenient commute options being near expressways and highways 280, 85 and 880. Additionally, the property is in a desirable area being situated in the highly regarded Moreland school district & moments away from plenty of diverse dining and shopping options at Valley Fair, Santana Row and Westgate Center. Some photos virtually staged.

Last Agent to Sell the Property

Ron Laserna

Coldwell Banker Realty License #01490163 Listed on: 04/24/2024

Coldwell Banker Realty

Last Buyer's Agent

Minhua Jin

Coldwell Banker Realty License #01246488

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Outdoor Features

  • Balcony
  • Enclosed patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $52,550

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $3,927
  • Maintenance Expense $2,745
  • Operating Expense $20,224
  • Gross Income $52,550

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1536
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator, Varies By Unit
  • Living Sq Ft: 1536
  • Stories: 1
  • Laundry: Hookups Only, Washer/Dryer - Some Units

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Porch - Enclosed

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Cooling System: Ceiling Fan, Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Association/Amenities

  • Amenities Miscellaneous: Skylight

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6534.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6534.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 27.57
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3927
  • Expense Maintenance: 2745
  • Expenses Total: 20224
  • Income Annual Gross: 52550.00
  • Income Annual Rental: 52550
  • Income Gross Scheduled: 52550
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Capital Improvements
  • Tenant Expenses: All Expenses

Range of Values:

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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
06/07/2024 06/07/24 Sold $1,550,000 +7.0% $1,009 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $1,449,000 -- $943 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ron Laserna

    Seller's Agent in 2024

    Ron Laserna

    Coldwell Banker Realty

    (408) 484-4413

    1 in this area

    78 Total Sales

    Section Image
  • Minhua Jin

    Buyer's Agent in 2024

    Minhua Jin

    Coldwell Banker Realty

    (408) 996-1100

    4 in this area

    89 Total Sales

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81962656

MLSListings

APN: 299-36-022

California Santa Clara County San Jose 95117 Blackford

940 Gretchen Ln, San Jose, CA

This home is located at 940 Gretchen Ln, San Jose, CA 95117 since 24 April 2024. This property was built in 1960. 940 Gretchen Ln is a home located in Santa Clara County with nearby schools including Easterbrook Discovery, Prospect High School, and Discovery Charter School.

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