3711 Underwood Drive

San Jose, CA 95117

$1,888,000
Price
Beds
3,358 Sq. Ft.
$562 / Sq. Ft.
3,358
Sq. Ft.
$562
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire 3711 Underwood Dr in West San Jose. This premium four (4) unit apartment building is located in a highly coveted neighborhood near Santana Row with strong upside in rents. Situated in a top Bay Area housing market, this property presents an excellent investment opportunity for those seeking steady rental income and appreciation. It is a pride-of-ownership asset that also offers owner-occupancy potential. Constructed in 1962, the property features...We are pleased to present the opportunity to acquire 3711 Underwood Dr in West San Jose. This premium four (4) unit apartment building is located in a highly coveted neighborhood near Santana Row with strong upside in rents. Situated in a top Bay Area housing market, this property presents an excellent investment opportunity for those seeking steady rental income and appreciation. It is a pride-of-ownership asset that also offers owner-occupancy potential. Constructed in 1962, the property features a great unit mix with (1) three-bedroom/two-bathroom unit and (3) two-bedroom/one-bathroom units, amounting to a building square feet of 3,358 on 7,015 square feet of land. The units feature new fencing, patios/backyards, on-site laundry, and more. The property is in close proximity to major tech employers including Apple, Nvidia, and Netflix. Finally, it is less than a 10 minute drive to Westgate Mall and also features easy access to San Tomas Expressway, and Highways 880, 280, and 17.
  1. Listed by Amit Urban • DRE #01998926 • Brokerage DRE #02214785 • Magnify Real Estate • 650-282-0477
  2. Listed by David Katz • DRE #01971921 • Brokerage DRE #02214785 • Magnify Real Estate

Property Details for 3711 Underwood Drive

MLS City Name
SAN JOSE
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
2

Location

Listing Courtesy of Magnify Real Estate, Amit Urban, DRE #01998926; Magnify Real Estate, David Katz, DRE #01971921
Add your commute
LISTING UPDATED: 05/15/2024 09:42 AM

Property Details for 3711 Underwood Drive

StatusActive
MLS #ML81965617
Days on Compass17
Taxes$28,136 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1962
Lot Size0.16 AC / 6,970 SF
CountySanta Clara County

Location

Listing Courtesy of Magnify Real Estate, Amit Urban, DRE #01998926; Magnify Real Estate, David Katz, DRE #01971921
Add your commute

Building Information for 3711 Underwood Drive

Stories2Residences4Year Built1962Building Size-Lot Size0.16 AC / 6,970 SF

Payment Calculator

$12,648 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,304

Property Taxes

$2,345

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3711 Underwood Drive

Features
Features
  • Fireplace: No
  • Living SqFt: 3358
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Carport, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Campbell
  • Roof: Composition, Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 3711
  • Street Name: Underwood
  • Street Suffix: Drive
  • Area ID: 15
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3358
  • Structure SqFt Source: Assessor
  • Age: 62
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 299-32-031
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95117
  • Elementary School District: 464
  • High School District Text: Campbell Union High
Lot Information
  • Foundation: Concrete Perimeter, Post and Pier
  • Horse Property: No
  • Lot Acres: .16
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $28,136
  • Building Unit Total: 4
  • Capitalization Rate: 4.04
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,655
  • Expense Landscape: $1,245
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $5,164
  • Expenses Total: $39,200
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities
  • Gross Rent Multiplier: 15.86
  • Income Annual Gross: $115,457
  • Income Annual Rental: $118,068
  • Income Gross Scheduled: $119,028
  • Income Other: $960
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,989
Unit 2 Information
  • Unit 2 Approx Square Footage: 700
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,595
Unit 3 Information
  • Unit 3 Approx Square Footage: 700
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,369
Unit 4 Information
  • Unit 4 Approx Square Footage: 1258
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 3
  • Unit 4 Rent: $2,886
Unit Type 1
  • Unit Type1 Approx SqFt: 700

Property History for 3711 Underwood Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3711 Underwood Drive

Taxable ValueLand$668,735Additions$366,914Total$1,035,649
Tax Record2023$17,506 ($1,459 / month)
Home Facts
Total Finished SqFt3,358 SqFtAbove Grade Finished SqFt3,358 SqFtStories2Lot Size7,015 SqFtStyleQuadraplexYear Built1962ZoningR3CountySANTA CLARAAPN299-32-031Fireplace TypeHas Fireplace

Schools near 3711 Underwood Drive

This home is within Moreland School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Leroy Anderson Elementary School
PublicK to 5

Moreland Middle School
Public6 to 8

Prospect High School
Public9 to 12

Boynton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3711 Underwood Drive is a multi-family home for sale in San Jose, CA 95117. This property was listed for sale on May 14, 2024 by Magnify Real Estate, it's currently listed at $1,888,000. It has been on the market for a total of 17 days and was last sold on August 23, 2012. This listing's school districts are Moreland School District, Campbell Union High School District. Nearby schools include Leroy Anderson Elementary School, Moreland Middle School and Prospect High School. 3711 Underwood Drive is a 0-bed, 0-bath, 3,358 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Magnify Real Estate, Amit Urban, DRE #01998926; Magnify Real Estate, David Katz, DRE #01971921

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.