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$ 1,850,000
Est. payment | /mo
9 Beds
3,802 SqFt
$ 1,850,000
Est. payment | /mo
9 Beds
3,802 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,802 sqft
Price per Sqft $486
MLS Listing ID ML82012148
Bedrooms 9
HOA Y/N No
Year Built 1977
Lot Size 10,750 Sqft
Acres 0.25
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Santa Clara
Zoning R3
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Laundry Coin Operated
Building
New Construction No
Schools
School District Campbell Unified School District
Others
Tax ID 28235066
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Listed by Michael Shields • SiliconValley MultiFamilyGroup
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "