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Key Details
Sold Price $1,645,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $514
MLS Listing ID ML81962214
Sold Date 07/08/24
HOA Y/N No
Year Built 1963
Annual Tax Amount $19,651
Lot Size 7,405 Sqft
Property Description
This attractively priced fourplex boasts strong rents(monthly rent $9055) and a high in-place cap rate. Featuring four spacious two-bedroom, one-bathroom flats, with an excellent unit mix. Some units have been upgraded with new kitchen cabinets and granite countertops, while all benefit from dual pane windows throughout. Each unit averages 800 square feet, with Unit D boasting a remodeled bathroom and new flooring. Units A, B, and C come with brand new electric stoves. Additionally, each unit includes enclosed garages and ample street parking, with brand new garage doors installed. The property also offers an on-site laundry room for additional income. Conveniently located within walking distance of a Whole Foods anchored shopping center, and nearby tenants include Chick-fil-A, Peet's Coffee, Chipotle, and Office Max. Across from the Whole Foods Shopping Center lies Almaden Plaza, boasting over 60 retailers and services including Costco, Trader Joe's, TJ Maxx, and Ross.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3H
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Roof Type Composition
Accessibility None
Building
Story 2
Foundation Concrete Perimeter
Water Public
Schools
School District San Jose Unified
Others
Tax ID 56752045
Financing Cash
Special Listing Condition Standard
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Bought with Dominic Gluhaich • Compass