1136 Brace Avenue

San Jose, CA 95125

$6,000,000
Price
Beds
14,457 Sq. Ft.
$415 / Sq. Ft.
14,457
Sq. Ft.
$415
per Sq. Ft.

Description

Located just steps away from downtown Willow Glen, 1136 Brace Avenue in San Jose is a rare investment opportunity with strong market fundamentals. This multi-family building was built in 1966 and is now on the market for the first time in over a twenty years. Comprising fifteen (15) units, the property features amenities such as a pool, covered parking, and on-site coin-operated laundry facilities, catering to tenant needs and enhancing rental income potential. With its stable rental history and...Located just steps away from downtown Willow Glen, 1136 Brace Avenue in San Jose is a rare investment opportunity with strong market fundamentals. This multi-family building was built in 1966 and is now on the market for the first time in over a twenty years. Comprising fifteen (15) units, the property features amenities such as a pool, covered parking, and on-site coin-operated laundry facilities, catering to tenant needs and enhancing rental income potential. With its stable rental history and potential for value-add through strategic upgrades, investors can benefit from immediate cash flow and long-term appreciation potential in Willow Glens thriving real estate market.
  1. Listed by Kristine Lyng • DRE #02087428 • Brokerage DRE #00303612 • Taylor Properties • 650-766-1223
  2. Listed by Robert Taylor • DRE #00303612 • Brokerage DRE #00303612 • Taylor Properties

Property Details for 1136 Brace Avenue

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
3

Location

Listing Courtesy of Taylor Properties, Kristine Lyng, DRE #02087428; Taylor Properties, Robert Taylor, DRE #00303612
Add your commute
LISTING UPDATED: 04/18/2024 05:04 PM

Property Details for 1136 Brace Avenue

StatusActive
MLS #ML81962072
Days on Compass14
Taxes$72,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1966
Lot Size0.56 AC / 24,393 SF
CountySanta Clara County

Location

Listing Courtesy of Taylor Properties, Kristine Lyng, DRE #02087428; Taylor Properties, Robert Taylor, DRE #00303612
Add your commute

Building Information for 1136 Brace Avenue

Stories-Residences-Year Built1966Building Size-Lot Size0.56 AC / 24,393 SF

Payment Calculator

$38,744 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,744

Property Taxes

$6,000

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1136 Brace Avenue

Features
Room Information
  • Additional Rooms: Laundry Room, Storage
  • Kitchen: Appliances - Vary by Unit, Cooktop - Electric, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Electric, Pantry Cabinet, Refrigerator
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 14457
  • Pool: Yes
  • Pool Type: Heated - Solar, Pool - In Ground
  • Security Features: Security Lights
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Electric
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 18
Garage
  • Garage and Parking: Assigned Spaces, Carport, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 15
  • Area Text: Willow Glen
  • Restrictions: None
  • Roof: Bitumen, Metal
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1136
  • Street Name: Brace
  • Street Suffix: Avenue
  • Area ID: 10
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 14457
  • Structure SqFt Source: Assessor
  • Age: 58
Development Information
  • Zoning Detail: R1-8
Location Information
  • City Limits: Yes
  • Directions: Between Lincoln Avenue and Coolidge Avenue.
  • Incorporated: Yes
  • Parcel Number: 429-17-090
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95125
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter, Concrete Perimeter and Slab
  • Lot Acres: .56
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 15
General Information
  • Annual Tax Amount: $72,000
  • Capitalization Rate: 4.14
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $9,996
  • Expense Landscape: $0
  • Expense Maintenance: $9,669
  • Expense Management: $19,894
  • Expense Trash: $6,858
  • Expenses Other: $4,471
  • Expenses Utility: $27,662
  • Expenses Total: $150,550
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Pool/Spa, Maintenance - Repair, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 14.73
  • Income Annual Gross: $399,224
  • Income Annual Rental: $406,008
  • Income Gross Scheduled: $407,371
  • Income Other: $1,363
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,211
Unit 2 Information
  • Unit 2 Approx Square Footage: 783
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,482
Unit 3 Information
  • Unit 3 Approx Square Footage: 1122
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Half Bathrooms: 0
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,995
Unit 4 Information
  • Unit 4 Approx Square Footage: 600
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 0
  • Unit 4 Rent: $1,491
Unit Type 1
  • Unit Type1 Approx SqFt: 1122

Property History for 1136 Brace Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1136 Brace Avenue

Taxable ValueLand$944,249Additions$3,183,505Total$4,127,754
Tax Record2023$55,069 ($4,589 / month)
Home Facts
Total Finished SqFt14,457 SqFtAbove Grade Finished SqFt14,457 SqFtStories2Lot Size21,694 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningR1-8CountySANTA CLARAAPN429-17-090Fireplace TypeHas Fireplace

Schools near 1136 Brace Avenue

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Willow Glen Elementary School
PublicK to 5

Willow Glen Middle School
Public6 to 8

Willow Glen High School
Public9 to 12

River Glen School
PublicK to 8

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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Similar Sold Homes

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1136 Brace Avenue is a multi-family home for sale in San Jose, CA 95125. This property was listed for sale on April 18, 2024 by Taylor Properties, it's currently listed at $6,000,000. It has been on the market for a total of 14 days and was last sold on October 25, 2001. This listing's school district is San Jose Unified School District. Nearby schools include Willow Glen Elementary School, Willow Glen Middle School and Willow Glen High School. 1136 Brace Avenue is a 0-bed, 0-bath, 14,457 sqft multi-family home built in 1966.

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 Taylor Properties, Kristine Lyng, DRE #02087428; Taylor Properties, Robert Taylor, DRE #00303612

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.