428 Lewis Road

San Jose, CA 95111

$1,495,000
Price
Beds
3,328 Sq. Ft.
$449 / Sq. Ft.
3,328
Sq. Ft.
$449
per Sq. Ft.

Description

Magnify is pleased to present the opportunity to acquire 428 Lewis Road in San Jose. Constructed in 1973, the property consists of (4) 2BD/1BA units with strong in-place rents, amounting to a building square footage of 3,328 on a large 11,475 square foot corner lot (0.26 acres). Several units have interior upgrades and the property features a spacious common area courtyard, private patios for the upstairs units, and assigned carport parking. The property is centrally located in San Jose with strong...Magnify is pleased to present the opportunity to acquire 428 Lewis Road in San Jose. Constructed in 1973, the property consists of (4) 2BD/1BA units with strong in-place rents, amounting to a building square footage of 3,328 on a large 11,475 square foot corner lot (0.26 acres). Several units have interior upgrades and the property features a spacious common area courtyard, private patios for the upstairs units, and assigned carport parking. The property is centrally located in San Jose with strong rental demand and close proximity to San Jose State University, downtown San Jose, and top tech employers including Adobe HQ and Zoom. It also features easy access to Almaden Expressway and Highways 101, 87 and 280.
  1. Listed by David Katz • DRE #01971921 • David Katz, Broker • 408-758-0718

Property Details for 428 Lewis Road

MLS City Name
SAN JOSE
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
2

Location

Listing Courtesy of David Katz, Broker, David Katz, DRE #01971921
Add your commute
LISTING UPDATED: 03/30/2023 10:02 AM

Property Details for 428 Lewis Road

StatusPending ( Do Not Show )
MLS #ML81917102
Days on Compass34
Taxes$21,598 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1962
Lot Size0.26 AC / 11,475 SF
CountySanta Clara County

Location

Listing Courtesy of David Katz, Broker, David Katz, DRE #01971921
Add your commute

Building Information for 428 Lewis Road

Stories2Residences4Year Built1962Building Size-Lot Size0.26 AC / 11,475 SF

Payment Calculator

$9,541 per month

30 year fixed, 6.73% Interest

Principal and Interest

$7,741

Property Taxes

$1,800

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 428 Lewis Road

Features
    Features
  • Fireplace: No
  • Flooring: Laminate, Tile
  • Laundry: Coin Operated
  • Living SqFt: 3328
  • Pool: No
  • Security Features: None
  • Special Features: Parking
    Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
    Carport and Parking
  • Carport Min: 4
    Garage
  • Garage and Parking: Carport , Uncovered Parking
Property Details
    Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
    Property Details
  • Area Text: South San Jose
  • Roof: Flat / Low Pitch
  • Stories: 2.0
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 428
  • Street Name: Lewis
  • Street Suffix: Road
  • Area ID: 11
Lot / Property Details
    Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3328
  • Structure SqFt Source: Assessor
  • Age: 61
    Development Information
  • Zoning Detail: R3H
    Location Information
  • Parcel Number: 497-27-001
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95111
  • Elementary School District: 457
  • High School District Text: East Side Union High
    Lot Information
  • Foundation: Concrete Perimeter, Wood Frame
  • Horse Property: No
  • Lot Acres: .26
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
    General Information
  • Annual Tax Amount: $21,598
  • Building Unit Total: 4
  • Capitalization Rate: 5.02
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
    Income / Expense Details
  • Expense Insurance: $1,664
  • Expense Landscape: $0
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $2,676
  • Expenses Other: $0
  • Expenses Utility: $4,804
  • Expenses Total: $33,742
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Trash Removal, Utilities, Utilities - Water
  • Gross Rent Multiplier: 13.34
  • Income Annual Gross: $108,718
  • Income Annual Rental: $111,360
  • Income Gross Scheduled: $112,080
  • Income Other: $720
    Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,475
    Unit 2 Information
  • Unit 2 Approx Square Footage: 832
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,200
    Unit 3 Information
  • Unit 3 Approx Square Footage: 832
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,200
    Unit 4 Information
  • Unit 4 Approx Square Footage: 832
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,405
    Unit Type 1
  • Unit Type1 Approx SqFt: 832
Listing Info
    Rental Info
  • Lease Type: Net

Property History for 428 Lewis Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 428 Lewis Road

Taxable ValueLand$408,340Additions$410,708Total$819,048
Tax Record2022$12,542 ($1,045 / month)
Home Facts
Baths4Total Finished SqFt3,328 SqFtAbove Grade Finished SqFt3,328 SqFtStories2Lot Size11,628 SqFtStyleTriplexYear Built1962ZoningR3HCountySANTA CLARAAPN497-27-001Fireplace TypeHas Fireplace

Schools near 428 Lewis Road

This home is within Franklin-Mckinley Elementary School District.
RatingSchoolTypeGradesDistance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 5 to 8
RatingSchoolDistance
Captain Jason M. Dahl Elementary School
PublicK to 6

Sylvandale Middle School
Public7 to 8

Andrew P. Hill High School
Public9 to 12

KIPP Heritage Academy
Charter5 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.

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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 David Katz, Broker, David Katz, DRE #01971921

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 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 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.