240 Bendorf Drive

San Jose, CA 95111

$3,500,000
Last Sold Price
Beds
10,021 Sq. Ft.
$349 / Sq. Ft.
10,021
Sq. Ft.
$349
per Sq. Ft.

Description

Built in 1986. Not subject to San Jose rent control. Incredible unit mix: (8) 2 bedroom / 1 bathroom townhouse style apartments and (1) 2 bedroom / 1 bathroom flat. All units feature either private patio or large private yard. Very well-maintained property. Newer roof and exterior paint. Strong in-place rents - Current GRM: 13.33 and Current Cap Rate: 4.95%. Tremendous upside potential - Market GRM: 11.88 and Market Cap Rate: 5.84%. Extremely low historical vacancy rate - 1.6% over the past 5 years....Built in 1986. Not subject to San Jose rent control. Incredible unit mix: (8) 2 bedroom / 1 bathroom townhouse style apartments and (1) 2 bedroom / 1 bathroom flat. All units feature either private patio or large private yard. Very well-maintained property. Newer roof and exterior paint. Strong in-place rents - Current GRM: 13.33 and Current Cap Rate: 4.95%. Tremendous upside potential - Market GRM: 11.88 and Market Cap Rate: 5.84%. Extremely low historical vacancy rate - 1.6% over the past 5 years. The property is located in the Edenvale neighborhood of South San Jose and is convenient to shopping, schools parks and Highways 85 & 101. This property has been lovingly maintained and updated by the same family for almost 25 years and would make a tremendous addition to any real estate portfolio.
  1. Listed by Steve Zirelli • DRE #01929245 • Brokerage DRE #00586119 • Cornish & Carey Commercial • 650-224-3118
  2. Listed by Justin Bautista • DRE #01268331 • Brokerage DRE #00586119 • Newmark Cornish & Carey

Property Details for 240 Bendorf Drive

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
1
Parking Spaces
6
Cross Street
Carryback Avenue

Location

Listing Courtesy of Cornish & Carey Commercial, Steve Zirelli, DRE #01929245; Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Sold By PHP Group, Inc, Tam Nguyen, DRE #02001904

Add your commute
LISTING UPDATED: 09/01/2023 08:27 AM

Property Details for 240 Bendorf Drive

StatusSold
MLS #ML81929330
Days on Compass83
Taxes$49,876 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1986
Lot Size0.32 AC / 14,080 SF
CountySanta Clara County

Location

Listing Courtesy of Cornish & Carey Commercial, Steve Zirelli, DRE #01929245; Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Sold By PHP Group, Inc, Tam Nguyen, DRE #02001904

Add your commute

Building Information for 240 Bendorf Drive

Stories-Residences-Year Built1986Building Size-Lot Size0.32 AC / 14,080 SF

Payment Calculator

$23,257 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$4,156

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 240 Bendorf Drive

Features
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 10021
  • Pool: No
  • Security Features: Video / Audio System
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas
  • 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: 9
Garage
  • Garage and Parking: Attached Garage, Carport, Uncovered Parking
Property Details
Homeowners Association
  • HOA Amenities: Common Utility Room
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 9
  • Area Text: South San Jose
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 240
  • Street Name: Bendorf
  • Street Suffix: Drive
  • Area ID: 11
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 10021
  • Structure SqFt Source: Assessor
  • Age: 37
Development Information
  • Zoning Detail: R34
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 684-39-014
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95111
  • Elementary School District: 467
  • High School District Text: East Side Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .32
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
General Information
  • Annual Tax Amount: $49,876
  • Capitalization Rate: 4.95
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Income Includes: Laundry, Parking, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $2,019
  • Expense Landscape: $2,400
  • Expense Maintenance: $6,300
  • Expense Management: $3,000
  • Expense Trash: $5,377
  • Expenses Other: $14,816
  • Expenses Utility: $8,060
  • Expenses Total: $91,848
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 13.33
  • Income Annual Gross: $269,780
  • Income Annual Rental: $258,120
  • Income Gross Scheduled: $269,780
  • Income Other: $11,660
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,475
Unit 2 Information
  • Unit 2 Full Bathrooms: 0
  • Unit 2 Half Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,190
Unit Type 1
  • Unit Type1 Units Total: 1
Unit Type 2
  • Unit Type2 Units Total: 8

Property History for 240 Bendorf 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 240 Bendorf Drive

Taxable ValueLand$481,322Additions$704,266Total$1,185,588
Tax Record2023$19,107 ($1,592 / month)
Home Facts
Total Finished SqFt10,021 SqFtAbove Grade Finished SqFt10,021 SqFtStories2Lot Size14,080 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningR34CountySANTA CLARAAPN684-39-014Fireplace TypeHas Fireplace

Schools near 240 Bendorf Drive

This home is within Oak Grove Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 5 to 8
Rating
School
Distance
Edenvale Elementary School
PublicK to 6

Davis (Caroline) Intermediate School
Public7 to 8

Oak Grove High School
Public9 to 12

The Academy
Public5 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 Cornish & Carey Commercial, Steve Zirelli, DRE #01929245; Newmark Cornish & Carey, Justin Bautista, DRE #01268331

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.