$1,310,000
SOLD JUL 5, 2019
4 Beds
1 Bath
1,536 Sq Ft
6,617 Sq Ft Lot

Recently Sold

$853 Per Sq Ft

2% Above List Price

1 Day on Market

Highlights

  • 2 Car Attached Garage
  • Tile Flooring
  • Forced Air Heating System
  • Easterbrook Discovery Rated A

About This Home

As of July 2019

Fantastic investment opportunity in prime West San Jose location! The property consists of two 2 bedroom / 1 bathroom units each approximately 768 square feet. 962 Gretchen has been recently renovated.(Vacant-Market Rent). 964 Gretchen has a long term tenant on month/month rent. Freshly landscaped with low maintenance and drought tolerant setup. Separate one car garages with new garage doors (2018), washer and dryer hookups, private front courtyards connecting to private backyards. Close proximity to Santana Row, Valley Fair Mall and Westgate Mall with easy access to highway 280, San Tomas Expressway and Lawrence Expressway.

Last Agent to Sell the Property

Shawn Jones

Intero Real Estate Services License #01941885 Listed on: 04/24/2019

Intero Real Estate Services

Last Buyer's Agent

Lily Fu

Compass License #01842120

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 6,617 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • 1,536 Sq Ft Home
  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

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

Listing and Financial Details

  • Total Actual Rent $60,540

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $100
  • Insurance Expense $1,000
  • Operating Expense $1,100
  • Gross Income $60,540

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Age: 59
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1536
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 1536
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1519
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6615.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6615.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.28
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1000
  • Expense Landscape: 100
  • Expenses Total: 1100
  • Income Annual Gross: 60540.00
  • Income Annual Rental: 60540
  • Income Gross Scheduled: 60540
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

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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
05/05/2022 05/05/22 Rented $2,998 0.0% --
04/28/2022 04/28/22 For Rent $2,998 +3.4% --
05/01/2021 05/01/21 Rented $2,900 0.0% --
04/30/2021 04/30/21 Under Contract -- -- --
04/13/2021 04/13/21 Price Changed $2,900 -3.3% $4 / Sq Ft
03/19/2021 03/19/21 For Rent $3,000 0.0% --
07/05/2019 07/05/19 Sold $1,310,000 +1.7% $853 / Sq Ft
04/26/2019 04/26/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $1,288,000 -- $839 / 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: ML81748514

MLSListings

APN: 299-36-019