27 Topeka Avenue

San Jose, CA 95128

$2,495,000
Price
Beds
3,450 Sq. Ft.
$723 / Sq. Ft.
3,450
Sq. Ft.
$723
per Sq. Ft.

Property Details for 27 Topeka Avenue

StatusWithdrawn
MLS #ML81749344
Year Built1953
DOM97
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Lot Size0.13 AC / 5,662 SF
Taxes$34,243 / year
Condo/Co-op Fees-
HOA Fees-
CountySanta Clara County

Listing Agent

Contact Agent(s)

Property Details for 27 Topeka Avenue

MLS City Name
SAN JOSE
Garage Spaces
4
Parking Spaces
3

Description

Excellent opportunity to own this 7-unit (FIVE 1 bedroom/1 baths & TWO studios) multi-family investment property, located in a sought after & convenient location close to Santa Row, Santa Clara University, downtown San Jose, major freeway corridors, shopping, restaurants and more. Currently fully occupied and historically low vacancy rates. This asset offers an exceptional opportunity for the savvy investor to come in and add value by further updating the units and increasing rents. Close proximity... to the new Google campus should influence and push rents up and drive future appreciation. The next owner will be in a strong position to maximize rent potential given the building is EXEMPT FROM RENT CONTROL, 6 of the 7 units are on a month to month basis and 1 unit has a lease until January 2020. On-site coin operated laundry, 4 garages and 3 open air spaces. Various capital improvements performed over the recent years, low maintenance and easy to manage.

Location

Listing Courtesy of Compass, Cesar Contreras, DRE #01261801

Listing Agent

  1. Cesar Contreras

    Listing Agent

    Compass

    DRE #01261801

Building Information for 27 Topeka Avenue

Stories-Residences-Year Built1953Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$11,828 per month

30 year fixed, 3.51% Interest

Principal and Interest

$8,974

Property Taxes

$2,854

HOA Dues

$0

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Property Information for 27 Topeka Avenue

Features
    Room Information
  • Additional Rooms: Laundry Room
    Features
  • Laundry: Coin Operated
  • Living SqFt: 3450
  • Pool: No
  • Security Features: Secured Garage / Parking
  • Special Features: None
    Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public, Water On Site
    Carport and Parking
  • Carport Min: 0
    Garage
  • Garage Parking Features: Attached Garage, Detached Garage
Property Details
    Homeowners Association
  • HOA Exists: 0
    Property Details
  • Min Num Of Units in Complex: 7
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 27
  • Street Name: Topeka
  • Street Suffix: Avenue
  • Area ID: 9
Lot / Property Details
    Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3450
  • Structure SqFt Source: Other
  • Age: 66
    Development Information
  • Zoning Detail: R1-N2
    Location Information
  • Cross Street: W San Carlos Street
  • Parcel Number: 274-17-061
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95128
  • Elementary School District: 462
  • High School District Text: Campbell Union High
    Lot Information
  • Foundation: Concrete Slab
  • 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: 7
    General Information
  • Annual Tax Amount: $34,243
  • Capitalization Rate: 3.65
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 1
    Income / Expense Details
  • Expense Insurance: $2,100
  • Expense Landscape: $1,150
  • Expense Maintenance: $8,411
  • Expense Management: $0
  • Expense Trash: $4,523
  • Expenses Other: $0
  • Expenses Utility: $3,479
  • Expenses Total: $53,906
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Miscellaneous/Other, Services - Gardener, Services - Trash Removal, Utilities
  • Gross Rent Multiplier: 17.05
  • Income Annual Gross: $144,852
  • Income Annual Rental: $144,300
  • Income Gross Scheduled: $146,315
  • Income Other: $2,015
    Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,650
    Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 0
  • Unit 2 Rent: $1,500

Property History for 27 Topeka Avenue

DateEvent & SourcePriceAppreciation
Oct 4, 2019Price Change

MLSListings #ML81763289

$2,250,000
Aug 5, 2019Listed (Active)

MLSListings #ML81763289

$4,750,000
Aug 4, 2019Withdrawn

MLSListings #ML81749344

DateEvent & SourcePrice
10/04/2019
Price Change

MLSListings #ML81763289

$2,250,000
08/05/2019
Listed (Active)

MLSListings #ML81763289

$4,750,000
08/04/2019
Withdrawn

MLSListings #ML81749344

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

Public Records for 27 Topeka Avenue

Taxable ValueLand$850,000Additions$1,450,000Total$2,300,000
Tax Record2018$32,512
Home Facts
Finished Sq.Ft.3,450 SqFtStories2Lot Size5,625 SqFtStyleMulti-Family Dwelling (2-4)Year Built1953Year Renovated1953ZoningR1-N2CountySANTA CLARA

Schools near 27 Topeka Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Luther Burbank Elementary SchoolPublicK-80.3 mi
5
St. Martin Of Tours SchoolPrivatePK-80.5 mi
NR
Moran Autism CenterPrivateK-120.8 mi
NR
Del Mar High SchoolPublic9-121.4 mi
6

Luther Burbank Elementary School

K-8, 0.3 mi, Public

5

St. Martin Of Tours School

PK-8, 0.5 mi, Private

NR

Moran Autism Center

K-12, 0.8 mi, Private

NR

Del Mar High School

9-12, 1.4 mi, Public

6

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.

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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. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Compass, Cesar Contreras, DRE #01261801
Based on information from the San Francisco Association of Realtors as of 04/29/2019 05:58 PM, the MLSListings MLS as of 04/29/2019 05:58 PM, or the BAREIS MLS as of 04/29/2019 05:58 PM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 08/05/2019 05:03 PM