NOT LISTED FOR SALE
9 Beds
4 Baths
3,440 Sq Ft
6,286 Sq Ft Lot

Sale Details

Date Sold: May 28, 2021

Last sale price $1,450,000 $422 Per Sq Ft

252 Days on Market

Highlights

  • Downtown View
  • Balcony
  • Tile Flooring
  • Victorian Architecture
  • Tile Countertops
  • Forced Air Heating System

About This Home

As of May 2021

Charming vintage Victorian 4-plex situated in downtown San Jose just 2 blocks from SJ State University. All units are occupied by long term tenants; no vacancies since 2014. Great opportunity for investors as property has great upswing return potential, or or potentially for owner-occupied income property. Each unit comes with assigned parking; street parking is available via City of San Jose issued parking permits.

Last Agent to Sell the Property

Lin Ortega

Altas Realty License #01299416 Listed on: 08/05/2020

Last Buyer's Agent

Lin Ortega

Altas Realty License #01299416 Listed on: 08/05/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 6,286 Sq Ft Lot
  • Fenced
  • Grass Covered Lot

Home Design

  • Quadruplex
  • Victorian Architecture
  • Brick Foundation
  • Raised Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,440 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Downtown Views
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $77,616

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $2,500
  • Maintenance Expense $5,000
  • Utility Expense $2,500
  • Trash Expense $1,500
  • Operating Expense $18,715
  • Gross Income $77,616

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

6,286 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Style: Victorian
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3440
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Gas, Pantry, Refrigerator
  • Living Sq Ft: 3440
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Brick / Mortar Perimeter, Raised, Wood Frame
  • Roof: Composition, Shingle
  • View: City, Downtown
  • Yard/Grounds: Balcony / Patio, Fenced, Low Maintenance
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, On Street, Parking Restrictions

Utilities

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

Lot Info

  • Lot Acres: 0.1443
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6284.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6284.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 20.94
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2500
  • Expense Maintenance: 5000
  • Expenses Total: 18715
  • Expenses Utility: 2500
  • Expense Trash: 1500
  • Income Annual Gross: 77616.00
  • Income Annual Rental: 77616
  • Income Gross Scheduled: 77616
  • Income Includes: Rents
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Maintenance - Capital Improvements, Maintenance - Repair, Services - Trash Removal
  • Tenant Expenses: Fee - Parking, Utilities - Electric, Utilities - Gas

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
May 19, 2021
Sold by
Bought by
Seller's Agent
Lin Ortega
Altas Realty
Buyer's Agent
Lin Ortega
Altas Realty
List Price
$1,650,000
Sold Price
$1,450,000
Premium/Discount to List
-$200,000
-12.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$709,656
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$791,000
Interest Rate
4.1%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Old Republic Title Company
$1,450,000 Old Republic Title Company
$395,500 Orange Coast Title Co Norcal
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $800,000
Previous Owner $791,000
Previous Owner $427,000
Previous Owner $406,000
Previous Owner $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $1,450,000 -10.8% $422 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
11/10/2020 11/10/20 Price Changed $1,625,000 -1.5% $472 / Sq Ft
08/05/2020 08/05/20 For Sale $1,650,000 -- $480 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $21,021 $1,600,914 $1,104,080 $496,834
2025 $19,749 $1,569,525 $1,082,432 $487,093
2024 $19,749 $1,538,751 $1,061,208 $477,543
2023 $19,353 $1,508,580 $1,040,400 $468,180
2022 $19,214 $1,479,000 $1,020,000 $459,000
2021 $7,472 $480,605 $203,795 $276,810
2020 $7,368 $475,678 $201,706 $273,972
2019 $7,216 $466,351 $197,751 $268,600
2018 $13,418 $764,507 $419,488 $345,019
2017 $6,644 $412,292 $197,253 $215,039
2016 $6,451 $404,209 $193,386 $210,823
2015 $6,365 $398,139 $190,482 $207,657
2014 $6,158 $390,341 $186,751 $203,590
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81804553

MLSListings
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