1354 Essex Way

San Jose, CA 95117

$1,780,000
Last Sold Price
Beds
3,928 Sq. Ft.
$453 / Sq. Ft.
3,928
Sq. Ft.
$453
per Sq. Ft.

Description

1354 Essex Way is a four-unit apartment building located in Thriving West San Jose, California. The property has an optimal unit mix with (1) three-bedroom/two-bath unit, (1) two-bedroom/two-bathroom unit, and (2) two-bedroom/one-bath units, with aggregate living space totaling almost 4,000 square feet (per county assessor). The property represents a prime investment opportunity in West San Jose with immediate access to major freeways and major employers in Silicon Valley such Apple, Google, and...1354 Essex Way is a four-unit apartment building located in Thriving West San Jose, California. The property has an optimal unit mix with (1) three-bedroom/two-bath unit, (1) two-bedroom/two-bathroom unit, and (2) two-bedroom/one-bath units, with aggregate living space totaling almost 4,000 square feet (per county assessor). The property represents a prime investment opportunity in West San Jose with immediate access to major freeways and major employers in Silicon Valley such Apple, Google, and Facebook. Residents will enjoy walking distance proximity to downtown Campbell and a short drive to Santana Row, Los Gatos, and Downtown San Jose. The offering represents a unique value add opportunity due to low in place rents. Competitive rental comparable in the immediate neighborhood suggests almost 25% loss to lease on the September 2022 rent roll, giving a savvy investor an opportunity to add value without the need for major capital improvements.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Marcus & Millichap • 408-483-5040

Property Details for 1354 Essex Way

MLS City Name
SAN JOSE
Building Type
FOURPLEX
Garage Spaces
3
Parking Spaces
1

Location

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152

Sold By Upswing Real Estate, Tony Sum, DRE #01731561

Add your commute
LISTING UPDATED: 01/30/2023 09:27 AM

Property Details for 1354 Essex Way

StatusSold
MLS #ML81908938
Days on Compass81
Taxes$22,897 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1967
Lot Size0.18 AC / 7,643 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152

Sold By Upswing Real Estate, Tony Sum, DRE #01731561

Add your commute

Building Information for 1354 Essex Way

Stories2Residences4Year Built1967Building Size-Lot Size0.18 AC / 7,643 SF

Payment Calculator

$11,622 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,714

Property Taxes

$1,908

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1354 Essex Way

Features
Features
  • Fireplace: No
  • Living SqFt: 3928
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: Window / Wall Unit, Other
  • Heating: Central Forced Air - Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Campbell
  • Roof: Composition
  • Stories: 2.0
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 1354
  • Street Name: Essex
  • Street Suffix: Way
  • Area ID: 15
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3928
  • Structure SqFt Source: Assessor
  • Age: 55
Development Information
  • Zoning Detail: R3H
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 305-07-012
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95117
  • Elementary School: 64
  • Elementary School District: 454
  • Middle School Text: Monroe Middle
  • High School District Text: Campbell Union High
  • High School Text: Westmont High
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .18
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
General Information
  • Annual Tax Amount: $22,897
  • Building Unit Total: 4
  • Capitalization Rate: 3.88
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Other
  • Income Includes: Coin Operated Equip, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $1,400
  • Expense Landscape: $1,800
  • Expense Maintenance: $2,600
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $3,102
  • Expenses Utility: $9,864
  • Expenses Total: $41,663
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance - Repair, Reserve Fund, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 15.66
  • Income Annual Gross: $111,511
  • Income Annual Rental: $112,560
  • Income Gross Scheduled: $114,960
  • Income Other: $2,400
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $2,750
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,100
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,980
Unit 4 Information
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,650
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1354 Essex Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1354 Essex Way

Taxable ValueLand$514,298Additions$398,397Total$912,695
Tax Record2023$12,972 ($1,081 / month)
Home Facts
Total Finished SqFt3,928 SqFtAbove Grade Finished SqFt3,928 SqFtStories2Lot Size6,120 SqFtStyleQuadraplexYear Built1967ZoningR3HCountySANTA CLARAAPN305-07-012Fireplace TypeHas Fireplace

Schools near 1354 Essex Way

This home is within Campbell Union School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 5 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Rosemary Elementary School
CharterK to 5

Monroe Middle School
Charter5 to 8

Westmont High School
Public9 to 12

Campbell Distance Learning
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Marcus & Millichap, Jimmy Castellanos, DRE #02024152

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.