Built in 1986. Not subject to San Jose rent control. Incredible unit mix: (8) 2 bedroom / 1 bathroom townhouse style apartments and (1) 2 bedroom / 1 bathroom flat. All units feature either private patio or large private yard. Very well-maintained property. Newer roof and exterior paint. Strong in-place rents - Current GRM: 13.33 and Current Cap Rate: 4.95%. Tremendous upside potential - Market GRM: 11.88 and Market Cap Rate: 5.84%. Extremely low historical vacancy rate - 1.6% over the past 5 years. The property is located in the Edenvale neighborhood of South San Jose and is convenient to shopping, schools parks and Highways 85 & 101. This property has been lovingly maintained and updated by the same family for almost 25 years and would make a tremendous addition to any real estate portfolio.
Sold for $3,500,000
$3,500,000
Bendorf Sanjose, San Jose, CA 95111
4beds
2baths
10,021sqft
Five Or More Units, Residential Income
Built in 1986
-- sqft lot
$3,299,400 Zestimate®
$349/sqft
$3,030 Estimated rent
Home value
$3,299,400
$2.84M - $3.79M
$3,030/mo
Zestimate® history
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List your homeWhat's special
Townhouse style apartmentsPrivate patioLarge private yardNewer roofSchools parks
Zillow last checked:
Listing updated:
Listed by:
Steve Zirelli 01929245 650-224-3118,
Cornish & Carey Commercial 650-322-2600,
Justin Bautista 01268331 650-996-9384
Bought with:
Tam Nguyen, 02001904
PHP Group, Inc
Source: MLSListings Inc,MLS#: ML81929330
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Central Forced Air Gas
Cooling
- None
Appliances
- Laundry: Coin Operated
Features
- Flooring: Carpet, Laminate, Tile, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 10,021
- Total interior livable area: 10,021 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached, Carport
- Garage spaces: 1
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.32 Acres
Details
- Parcel number: 68439014
- Zoning: R34
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1986
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public
Community & HOA
HOA
- Amenities included: Common Utility Room
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $349/sqft
- Date on market: 5/23/2023
- Listing agreement: ExclusiveAgency
- Listing terms: CashorConventionalLoan
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2023 | Sold | $3,500,000-2.6%$349/sqft |
Source:  MLSListings Inc #ML81929330 Report a problem | ||
| 8/16/2023 | Pending sale | $3,595,000$359/sqft |
Source: MLSListings Inc #ML81929330 Report a problem | ||
| 5/23/2023 | Listed for sale | $3,595,000$359/sqft |
Source: MLSListings Inc #ML81929330 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Edenvale - Seven Trees
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Nearby schools
GreatSchools rating
- 3/10Los Arboles Elementary SchoolGrades: K-3Distance: 0.2 mi
- 4/10Lairon College Preparatory AcademyGrades: 4-8Distance: 0.2 mi
- 5/10Andrew P. Hill High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: OakGroveElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$3,299,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,299,400
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