Comm Ri Multi-units 5+ For Sale
4,395 Sqft - 215 Oak Street, SAN JOSE, California 95110
Property Description
Situated 1 mile from Downtown San Jose, 215 Oak St is a rare opportunity to acquire a high income producing property in the heart of Silicon Valley. The asset features (7) One bedroom One bathroom units and (7) dedicated parking spaces in an area where parking is limited. Tenants enjoy use of a convenient on-site laundry facility and being in close proximity to major attractions. Offered at a 4.67% cap Rate/14.09 GRM – 5.90% Pro Forma Cap Rate/11.965 GRM, the complex will provide investors with stable cash flow on day one and significant future upside in rents. Please Contact Theodore Wong for the Offering Memorandum
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81840495
Price : $1,995,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,395 Sqft
Year Built : 1957
Lot Area : 0.14 Sqft
Features
Heating System : Forced Air 1 Zone
Roof : Tar And Gravel
Address Map
Country : US
State : CA
County : Santa Clara
City : SAN JOSE
Zipcode : 95110
Street : Oak Street
Street Number : 215
Floor Number : 0
Longitude : W122° 6' 57.9''
Latitude : N37° 19' 14.4''
MLS Addon
Office Name : Compass
Building Type : Other
Area : All Other Counties/States
Address : 215 Oak Street
LA1User Code : MLL5082608
LA1Agent First Name : Theodore
LA1Agent Last Name : Wong
Status Category : Sold
Tot # Parking Spaces : 0
Tot # of Units : 7
Zoning : C2
List $/SqFt : $0
Age : 64
Apx Lot Sq Ft : 6,184 Sqft
Type of Building : Apt Complex
Annual Taxes : $23,216
Total Deposits : $0
ON-SITE PARKING DESC : Spaces - Assigned
OPERATING EXPENSES : Gas, Insurance, Accounting/legal, Vacancy Factor, Water, Miscellaneous/other
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.67
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,995,000
Sold Price : $1,950,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 141588
Net Oper Income : 93119
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 6276
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 14.09
Buyer Agent DRE Num. : 01999734
List Agent DRE Num. : 02016737
Filtered Address : 215 Oak ST
LA1Agent License ID : 02016737
LA1Old Agent ID : 381761
SA1Agent First Name : Ray
SA1Agent Last Name : Rodriguez
SA1Agent License ID : 01999734
SA1User Code : MLL5085267
SA1Old Agent ID : 392566
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 264-38-017
Showing : See Confidential Remarks
SO1Office Abbreviation : MLL5012166
SO1Office Name : Compass
LO1Main Office ID : 68828
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 80937
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 1950000
Address Search Number : 215
Listing Agent : 333640
Listing Office : 68828
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 719292
Buying Office 1 : 80937
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 11
Input Date : 23/04/2021 17:38:09
Update Date : 29/06/2021 14:05:45
PhotoTimestamp : 29/06/2021 12:48:24
First Photo Add Timestamp :
List Date : 23/04/2021
Expire Date :
Pending Date : 28/04/2021
Closing Date : 27/06/2021
Status Date : 28/06/2021
Price Date :
Off Market Date : 28/04/2021
Status : Sold
Dual Variable : No
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 5
Cumulative DOMLS : 5
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 630
Unit # 1 Rent: 1800
