2529 Madden Avenue

San Jose, CA 95116

$1,595,000
Price
Beds
3,150 Sq. Ft.
$506 / Sq. Ft.
3,150
Sq. Ft.
$506
per Sq. Ft.

Description

2529 Madden Ave is a 4-unit two-story building consisting of (2) 3 Bed 1 Bath and (2) 2 bed 1 bath units. The area where the building is situated has plenty of off-street parking, and the property provides designated parking spaces for its tenants. The building has a great corner 0.13-acre lot with an on-site washer/dryer. Fully rented with record low vacancy rates in the last 5+ years. All of the units have long-term tenants, and a professional property management company currently manages it. The...2529 Madden Ave is a 4-unit two-story building consisting of (2) 3 Bed 1 Bath and (2) 2 bed 1 bath units. The area where the building is situated has plenty of off-street parking, and the property provides designated parking spaces for its tenants. The building has a great corner 0.13-acre lot with an on-site washer/dryer. Fully rented with record low vacancy rates in the last 5+ years. All of the units have long-term tenants, and a professional property management company currently manages it. The property is right off of 680 and McKee Rd, providing its residents with easy and hassle-free access to California 680, 880, and Freeway 101; quite convenient for the daily commuter. San Jose is home to many companies, such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, the nearby Apple Headquarters in Cupertino. The roof is made of vinyl membrane and fairly new. The building has a fresh coat of paint and all-new windows. The foundation is a concrete perimeter with a crawl space. The property has a communal patio and manicured landscaping that is taken care of by one of the tenants. Unit 2 rents out storage at $110.

Listing Agents

  1. Ray Rodriguez

    Ray Rodriguez

    Listing Agent

    Compass

    DRE #01999734

  2. Tony Zizzo

    Tony Zizzo

    Alternative Listing Agent

    Compass

    DRE #01962093

    tony.zizzo@compass.com

    P: 408.772.8661

Property Details for 2529 Madden Avenue

MLS City Name
San Jose
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093
Add your commute
LISTING UPDATED: 04/19/2024 10:11 AM

Property Details for 2529 Madden Avenue

StatusActive
MLS #ML81956927
Days on Compass49
Taxes$20,515 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1964
Lot Size0.13 AC / 5,663 SF
CountySanta Clara County

Location

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093
Add your commute

Building Information for 2529 Madden Avenue

Stories2Residences4Year Built1964Building Size-Lot Size0.13 AC / 5,663 SF

Payment Calculator

$10,414 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,705

Property Taxes

$1,710

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2529 Madden Avenue

Features
Features
  • Fireplace: No
  • Laundry: Coin Operated
  • Living SqFt: 3150
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters
  • Water: Private / Mutual
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Alum Rock
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 2529
  • Street Name: Madden
  • Street Suffix: Avenue
  • Area ID: 4
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3150
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Zoning Detail: RM
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 484-05-069
  • County Name: Santa Clara
  • City Name: San Jose
  • City Postal ID: 58
  • Postal Code: 95116
  • Elementary School District: 451
  • High School District Text: East Side Union High
Lot Information
  • Foundation: Concrete Perimeter, Crawl Space
  • Horse Property: No
  • Lot Acres: .13
  • 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: $20,515
  • Building Unit Total: 4
  • Capitalization Rate: 3.68
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents, Storage Area, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,040
  • Expense Landscape: $600
  • Expense Maintenance: $1,200
  • Expense Management: $0
  • Expense Trash: $2,256
  • Expenses Other: $2,126
  • Expenses Utility: $4,920
  • Expenses Total: $36,657
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 16.24
  • Income Annual Gross: $95,273
  • Income Annual Rental: $96,900
  • Income Gross Scheduled: $98,220
  • Income Other: $1,320
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,975
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,085
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 3
  • Unit 3 Rent: $2,100
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 3
  • Unit 4 Rent: $2,025

Property History for 2529 Madden 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 2529 Madden Avenue

Taxable ValueLand$780,861Additions$390,429Total$1,171,290
Tax Record2023$17,239 ($1,437 / month)
Home Facts
Total Finished SqFt3,150 SqFtAbove Grade Finished SqFt3,150 SqFtStories2Lot Size5,684 SqFtStyleQuadraplexYear Built1964ZoningRMCountySANTA CLARAAPN484-05-069Fireplace TypeHas Fireplace

Schools near 2529 Madden Avenue

This home is within Alum Rock Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Anthony P. Russo Academy
PublicK to 5

William Sheppard Middle School
Public6 to 8

James Lick High School
Public9 to 12

Foothill High School
Public11 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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2529 Madden Avenue is a multi-family home for sale in San Jose, CA 95116. This property was listed for sale on March 8, 2024 by Compass, it's currently listed at $1,595,000. It has been on the market for a total of 49 days and was last sold on September 19, 2016. This listing's school districts are Alum Rock Union Elementary School District, East Side Union High School District. Nearby schools include Anthony P. Russo Academy, William Sheppard Middle School and James Lick High School. 2529 Madden Avenue is a 0-bed, 0-bath, 3,150 sqft multi-family home built in 1964.

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, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

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.