1315 Saratoga AVE, SAN JOSE, CA 95129

MLS# ML81967928
Status: Pending

  • $2,095,000

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  • 4223

    Approx. Sq. Ft.
  • 0.19

    Approx. Lot Size
  • Listing Class: Residential Income (2-4 units)
  • Property Type: Multi Family
  • Year Built: 1968
  • Stories: 2
  • # of Parkings: 3

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    Julie Tsai Law

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    Julie Tsai Law

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    Details

    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.

    Features

    General Features

    • Listing ClassResidential Income (2-4 units)
    • FoundationConcrete Perimeter
    • Age56
    • Horse PropertyNo
    • Property TypeMulti Family
    • Parcel381-28-048
    • Year Built1968
    • Construction TypeWood Frame
    • ZoningR3
    • # of Stories2

    Interior Features

    • FlooringCarpet,Laminate,Tile,Vinyl / Linoleum
    • Accessibility FeaturesNone
    • Kitchen FeaturesCountertop - Formica,Countertop - Granite,Exhaust Fan,Garbage Disposal,Hood Over Range,Microwave,Oven Range - Electric,Oven Range - Gas,Refrigerator
    • LaundryWasher / Dryer
    • Security FeaturesNone
    • Additional Room FeaturesLaundry Room

    Utilities & Energy

    • UtilitiesIndividual Electric Meters,Individual Gas Meters,Public Utilities
    • Sewer/SepticSewer Connected,Sewer in Street
    • CoolingNone
    • WaterPublic
    • HeatingCentral Forced Air,Wall Furnace

    Parking

    • Parking Spaces3
    • Parking FeaturesAttached Garage,Gate / Door Opener

    Market Conditions

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