Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1977
Sq.Footage
3,802
West San Jose fourplex with excellent unit mix: (1) 3BD/2BA unit with a fireplace, and (3) 2BD/1BA units. There are six carports and 3 additional on-site spaces. There is also an onsite laundry facility with equipment leased from Coinmach. Unit 1 (3BD/2BA), was remodeled within the last 5 years, including the kitchen (counters, cabinets, appliances), bathroom, flooring and paint. Units 2&4 were remodeled in the last 10 years. All units have dishwashers, A/C units & radiant wall heating systems. The building has been well-maintained over the years. Current Gross Scheduled Income is $125,328 which includes $94/month in laundry income. All four units are fully rented at near market rate with no delinquencies. There is some upside potential in the rents because the property is located in West San Jose, a desirable rental location that is close to shopping, large employers, commuter routes and schools. The building has copper plumbing and the roof is pitched composition shingle. All units are individually metered for gas and electric. The owner pays water/sewer, trash removal, common area utilities, landscaping, repairs, taxes and insurance. As are all 3+ unit multifamily properties in San Jose, the building is subject to the City of San Jose TPO & RCO. SB721 report completed.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Heating YN
YES
-
Heating
Wall Furnace
Exterior
-
Garage
No
-
Parking
Carport
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.2468
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$1,850,000
-
Tax Amount
28500.0
-
Sq. Footage
3, 802
-
Price/SqFt
$486
HOA
-
Association
NO
School District
-
Elementary School
Sherman Oaks
-
Middle School
N/A
-
High School
Del Mar
Property Features
-
Stories
2
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Santa Clara
Elementary School
Sherman Oaks
Middle School
High School
Del Mar
Listing Courtesy of Michael Shields , SiliconValley MultiFamilyGroup
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