CASH COW - CONTRACTOR SPECIAL. 6 unit multi-family, all units are 1 bedroom/1 bath. Property is operating 20% below market rents. Current CAP Rate: 4.91%. Market CAP Rate: 6.69%. Current Gross Rent: $120,000. Market Gross Rent: $151,000. All rents for the units should be at minimum of $2,000 in their current condition. Building needs some work and repair, REPORTS AVAILABLE. Lot size is 7,405 sq. ft. and has a building size that is 3,376 sq. ft. All units CENTRAL AC/Heat, double pane windows, pergo flooring, disposals and some upgrades to kitchens. All units have varying materials. Some units have washer/dryer hookups inside the unit, some units have dishwashers, microwaves, trash compactor. Additional income comes from the storage units in the rear of the property. The roof was replaced in 2005 and reports show that it is in good working order.
Multi-familyProperty Type
1948Year Built
7,616 sq ftLot Size
$471Price/Sq.Ft.
Listed by Christian Losness•DRE #01506985• Losness Investment Real Estate Corp
Contact: 408-824-1111
Bought with Christian Losness•DRE #01506985• Losness Investment Real Estate Corp
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
—
Year built
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Style
Multi-Family (5+ Unit)
County
Santa Clara County
APN
264-32-012
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Nov 3, 2024.
R-M
Residence District (Multiple Unit Per Lot)
The purpose of the multiple residence district is to reserve land for the construction, use and occupancy of higher density residential development and higher density residential-commercial mixed use development.
Permitted uses
Include but are not limited to:
Community / recreation center
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Educational/school
Library
Museum / gallery
Park & open space
Feb 9, 2009 • Final
Multiple attached dwellings
Convert the electrical service from an overhead connection to an underground connection.
Electrical
Jul 11, 2005 • Final
Multiple attached dwellings
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Meters: Primary Water, Separate Electric, Separate Gas
Sewer Septic: Sewer Connected
Utilities: Individual Electric Meters, Individual Gas Meters
Utility Expenses: $4,205
Water Information
Water: Public
Location
School Information
Elementary School District: San Jose Unified
High School District: San Jose Unified
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Santa Clara County
APN: 264-32-012
Home facts updated by county records on Nov 3, 2024
Other
Miscellaneous Information
Incorporated: No
Around this home
Schools
Gardner Elementary School
Public K-5 • Assigned • 0.6mi
2/10
Herbert Hoover Middle School
Public 6-8 • Assigned • 2.1mi
4/10
Abraham Lincoln High School
Public 9-12 • Assigned • 2.1mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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