Properties

Comm Ri Multi-units 5+ For Sale

6,870 Sqft - 48 Lester Avenue, SAN JOSE, California 95125

QR Code
Property Description

48 Lester Ave is a highly desirable 9-unit apartment located in the coveted neighborhood of Willow Glen in San Jose, CA. Situated on a parcel of land totaling 9,750 square feet, the subject property was originally constructed in 1959 and has a gross building area of approximately 6,870 square feet, offering its tenants beautifully designed one-bedroom, two-bedroom, and three-bedroom floor plans. Willow Glen is known as San Jose’s Local Treasure with a historic downtown, plenty of dining and shopping options, and one of the most expensive areas to live in the city. San Jose is the third-largest city by population in California, tenth largest by population in the United States and the county seat of Santa Clara County. It is the largest city within the Bay Area as well as the largest city in Northern California. The large concentration of high-technology engineering, computer and microprocessor companies around San Jose has led the area to be known as the Silicon Valley.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81858324
Price : $3,375,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 6,870 Sqft
Year Built : 1959
Lot Area : 0.23 Sqft
Features
Heating System : Wall Furnace
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Clara
City : SAN JOSE
Zipcode : 95125
Street : Lester Avenue
Street Number : 48
Floor Number : 0
Longitude : W122° 5' 45.1''
Latitude : N37° 18' 37''
MLS Addon
Office Name : Marcus & Millichap
Building Type : Other
Area : Willow Glen
Address : 48 Lester Avenue
LA1User Code : MLL482270
LA1Agent First Name : Robert
LA1Agent Last Name : Johnston
Status Category : Sold
Tot # Parking Spaces : 0
Tot # of Units : 9
Zoning : RM
List $/SqFt : $0
Age : 62
Apx Lot Sq Ft : 9,936 Sqft
Type of Building : Apt Complex
Annual Taxes : $43,250
Total Deposits : $0
ON-SITE PARKING DESC : Spaces - Assigned
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Trash Removal, Utilities, Vacancy Factor, Water
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public
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) : 3.88
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $3,375,000
Sold Price : $3,240,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 218052
Net Oper Income : 130845
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 9076
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 : 15.48
Buyer Agent DRE Num. : 02060059
List Agent DRE Num. : 01853816
Filtered Address : 48 Lester AVE
LA1Agent License ID : 01853816
LA1Old Agent ID : 230805
LA1NRDS_ID : 01853816
LA2Agent First Name : Eymon
LA2Agent Last Name : Binesh
LA2User Code : MLL5082979
LA2Old Agent ID : 383844
SA1Agent First Name : Eymon
SA1Agent Last Name : Binesh
SA1Agent License ID : 02060059
SA1User Code : MLL5082979
SA1Old Agent ID : 383844
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 : 264-57-068
Showing : See Confidential Remarks
SA2Agent First Name : Adam S.
SA2Agent Last Name : Levin
SA2Agent License ID : 01462752
SA2Old Agent ID : 224354
LO2Office Name : Marcus & Millichap
SO1Office Abbreviation : MLL88226
SO1Office Name : Marcus & Millichap
LO1Main Office ID : 74903
LO1Board ID : 0
LO2Office Identifier : 74903
LO2Main Office ID : 74903
SO1Office Identifier : 74903
SO1Board ID : 0
SO2Office Identifier : 74903
SO2Office Type : 0
SO2Office Name : Marcus & Millichap
SO2Office State : CA
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 3240000
Address Search Number : 48
Listing Agent : 269729
Listing Office : 74903
Co-List Agent : 334808
Listing Office 2 : 74903
Apprx Equity : 0
Buyer Agent 1 : 334808
Buying Office 1 : 74903
Co-Sell Agent : 267804
Buying Office 2 : 74903
Photo Count : 3
Input Date : 13/08/2021 22:08:03
Update Date : 12/10/2021 10:03:35
PhotoTimestamp : 12/10/2021 02:13:11
First Photo Add Timestamp :
List Date : 13/08/2021
Expire Date :
Pending Date : 18/08/2021
Closing Date : 08/10/2021
Status Date : 11/10/2021
Price Date :
Off Market Date : 18/08/2021
Status : Sold
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 5
Cumulative DOMLS : 5
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 600
Unit # 2 # of Bedrooms: 2
Unit # 2 Approx. SqFt: 850
Unit # 3 # of Bedrooms: 3
Unit # 3 Approx. SqFt: 1200
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81858324
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 6,870 Sqft
$3,375,000
Agent info
Contact Agent