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$1,850,000

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3,802 SqFt

Price Dropped by $100K

922 Leigh AVE San Jose, CA 95128

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Mason Frakes

mason@masonfrakesrealestategroup.com +1(805) 260-4860

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Key Details

Property Type Single Family Home, 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

HOA Y/N No

Year Built 1977

Annual Tax Amount $28,500

Lot Size 10,750 Sqft

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

Area 699 - Not Defined

Zoning R3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Range Hood

Exterior

Parking Features Carport

Carport Spaces 6

View Y/N No

Roof Type Composition,Shingle

Accessibility None

Total Parking Spaces 3

Building

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sherman Oaks

High Schools Del Mar

School District Other

Others

Tax ID 28235066

Special Listing Condition Standard

Listed by Michael Shields SiliconValley MultiFamilyGroup

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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922 Leigh AVE San Jose, CA 95128

Mason Frakes

Key Details

Location

Interior

Exterior

Building

Schools

Others

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922 Leigh AVE