1415 Tami Lee Drive

San Jose, CA 95122

$1,360,000
Last Sold Price
Beds
3,264 Sq. Ft.
$417 / Sq. Ft.
3,264
Sq. Ft.
$417
per Sq. Ft.

Description

The Gustavson Group of Compass Commercial is pleased to announce the exclusive marketing of 1415 Tami Lee Drive, in San Jose, California. Over 45% upside from current rents to market rents, this is an amazing opportunity to increase your cashflow to over a 5.40% cap rate. All exterior Section 1 work is on schedule to be repaired, replaced, and completed by 3/15/22. Priced well-below the comparable sales.The Gustavson Group of Compass Commercial is pleased to announce the exclusive marketing of 1415 Tami Lee Drive, in San Jose, California. Over 45% upside from current rents to market rents, this is an amazing opportunity to increase your cashflow to over a 5.40% cap rate. All exterior Section 1 work is on schedule to be repaired, replaced, and completed by 3/15/22. Priced well-below the comparable sales.

Listing Agent

  1. Nate Gustavson

    Nate Gustavson

    Listing Agent

    Compass

    DRE #01898316

Property Details for 1415 Tami Lee Drive

MLS City Name
SAN JOSE
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
4

Location

Listing Courtesy of Compass, Nate Gustavson, DRE #01898316

Sold By Compass, Nate Gustavson, DRE #01898316

Add your commute
LISTING UPDATED: 04/29/2024 01:01 PM

Property Details for 1415 Tami Lee Drive

StatusSold
MLS #ML81879300
Days on Compass17
Taxes$19,400 / year
HOA Fees$280
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1970
Lot Size0.18 AC / 7,913 SF
CountySanta Clara County

Location

Listing Courtesy of Compass, Nate Gustavson, DRE #01898316

Sold By Compass, Nate Gustavson, DRE #01898316

Add your commute

Building Information for 1415 Tami Lee Drive

Stories2Residences4Year Built1970Building Size-Lot Size0.18 AC / 7,913 SF

Payment Calculator

$9,319 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,422

Property Taxes

$1,617

HOA Dues

$280

The Payment Calculator is for illustrative purposes only.

Property Information for 1415 Tami Lee Drive

Features
Features
  • Fireplace: No
  • Flooring: Laminate, Tile
  • Living SqFt: 3264
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area
Property Details
Homeowners Association
  • HOA Exists: 1
  • HOA Fee: $280
Property Details
  • Area Text: South San Jose
  • Roof: Composition, Shingle, Other
  • Stories: 2.0
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 1415
  • Street Name: Tami Lee
  • Street Suffix: Drive
  • Area ID: 11
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3264
  • Structure SqFt Source: Assessor
  • Age: 52
Development Information
  • Ownership Type: Individual
  • Zoning Detail: RM
Location Information
  • Parcel Number: 477-32-131
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95122
  • Elementary School District: 457
  • High School District Text: East Side Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .18
  • 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: 4
General Information
  • Annual Tax Amount: $19,400
  • Building Unit Total: 4
  • Capitalization Rate: 2.88
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $1,500
  • Expense Landscape: $0
  • Expense Maintenance: $2,200
  • Expense Management: $0
  • Expense Trash: $2,814
  • Expenses Other: $3,360
  • Expenses Utility: $5,853
  • Expenses Total: $35,127
  • Operating Expenses Include: Fee - Association, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Vacancy Factor
  • Gross Rent Multiplier: 17.56
  • Income Annual Gross: $73,355
  • Income Annual Rental: $75,624
  • Income Gross Scheduled: $75,624
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,785
Unit 2 Information
  • Unit 2 Approx Square Footage: 816
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,525
Unit 3 Information
  • Unit 3 Approx Square Footage: 816
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,417
Unit 4 Information
  • Unit 4 Approx Square Footage: 816
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $1,575
Unit Type 1
  • Unit Type1 Approx SqFt: 816
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1415 Tami Lee 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 1415 Tami Lee Drive

Taxable ValueLand$979,200Additions$408,000Total$1,387,200
Tax Record2023$19,891 ($1,658 / month)
Home Facts
Total Finished SqFt3,264 SqFtAbove Grade Finished SqFt3,264 SqFtStories2Lot Size7,884 SqFtStyleQuadraplexYear Built1970ZoningRMCountySANTA CLARAAPN477-32-131Fireplace TypeHas Fireplace

Schools near 1415 Tami Lee Drive

This home is within Franklin-Mckinley Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Charter - 7 to 8
Public - 9 to 12
Rating
School
Distance
Santee Elementary School
PublicK to 6

Sylvandale Middle School
Public7 to 8

Bridges Academy
Charter7 to 8

Yerba Buena 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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Similar Sold Homes

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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 Compass, Nate Gustavson, DRE #01898316

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.