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Key Details
Sold Price $2,050,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,223 sqft
Price per Sqft $485
MLS Listing ID ML81967928
Sold Date 10/03/24
Bedrooms 8
HOA Y/N No
Year Built 1968
Lot Size 8,276 Sqft
Acres 0.19
Property Description
This fourplex in West San Jose boasts an excellent unit mix consisting of large units as follows: (1) 3BR/2BA unit with fireplace and private patio (~1,100 SF); (2) 2BR/1.5BA units (~ 850 SF), and (1) 1BR/1BA unit (~700 SF). (Unit sizes are estimate only.) Each unit has one private garage parking space except for the three bedroom unit which has two spaces. There is also an onsite laundry facility with equipment leased from WASH. Units 1, 3 & 4 have forced air heating. Unit 2 has a wall heater. Unit 3 has undergone a remodel within the last 5 years, including the kitchen (counters, cabinets, appliances), bathroom, flooring and paint. The other three units have the original finishes and are in various states of condition, depending on the tenants. All four units are fully rented at near market rents 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. All units are individually metered for gas and electric. The owner pays water/sewar, trash removal, common area utilities, landscaping, repairs, taxes and insurance. Subject to City of San Jose's ARO & TPO. Inspection reports are available.
Location
State CA
County Santa Clara
Area Listing
Zoning R3
Interior
Heating Forced Air, Wall Furnace
Cooling No Air Conditioning
Flooring Laminate, Tile
Fireplace No
Building
New Construction No
Schools
School District Campbell Unified School District
Others
Tax ID 38128048
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Bought with NancyLiu