463 South 7th Street

San Jose, CA 95112

$1,660,000
Last Sold Price
Beds
2,584 Sq. Ft.
$642 / Sq. Ft.
2,584
Sq. Ft.
$642
per Sq. Ft.

Description

Excellent Value Add opportunity! Bring your contractor and toolbelt. Two properties offered in one sale: a Fourplex (463 S. 7th St.) and a Duplex (469 S. 7th St.) Side by side parcels. The fourplex was constructed in 1954 and consists of stucco over wood frame on a concrete perimeter foundation. The structure is 2,584 SF on a 6,348 SF lot, according to county records. The four one bedroom, one bath units are approximately 645 SF in size. The four units are virtually identical in size and floorplan....Excellent Value Add opportunity! Bring your contractor and toolbelt. Two properties offered in one sale: a Fourplex (463 S. 7th St.) and a Duplex (469 S. 7th St.) Side by side parcels. The fourplex was constructed in 1954 and consists of stucco over wood frame on a concrete perimeter foundation. The structure is 2,584 SF on a 6,348 SF lot, according to county records. The four one bedroom, one bath units are approximately 645 SF in size. The four units are virtually identical in size and floorplan. The units are rented on a monthly basis at the following rates: $1,540, $1600, $1620 and $700. These rents are below market as the average rental rate for a one bedroom in this area is approximately $1800/month. The fourplex has deferred maintenance and is in need of repairs. Must be sold with duplex at 469 S. 7th St. Marketing package available.
  1. Listed by Michael Shields • DRE #01327546 • SiliconValley MultiFamilyGroup • 408-356-1900

Property Details for 463 South 7th Street

MLS City Name
SAN JOSE
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
6
Cross Street
Williams

Location

Listing Courtesy of SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Sold By SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Add your commute
LISTING UPDATED: 08/26/2021 10:31 AM

Property Details for 463 South 7th Street

StatusSold
MLS #ML81855007
Days on Compass12
Taxes$23,450 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1954
Lot Size0.15 AC / 6,404 SF
CountySanta Clara County

Location

Listing Courtesy of SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Sold By SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Add your commute

Building Information for 463 South 7th Street

Stories2Residences4Year Built1954Building Size-Lot Size0.15 AC / 6,404 SF

Payment Calculator

$11,013 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,059

Property Taxes

$1,954

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 463 South 7th Street

Features
Room Information
  • Kitchen: Oven Range - Electric
Features
  • Amenities: None
  • Fireplace: No
  • Laundry: Coin Operated
  • Living SqFt: 2584
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Central San Jose
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 463
  • Street Name: 7th
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2584
  • Structure SqFt Source: Assessor
  • Age: 67
Development Information
  • Construction Type: Wood
  • Ownership Type: Trust
  • Zoning Detail: RM
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 467-48-032
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95112
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter, Crawl Space, None
  • Horse Property: No
  • Lot Acres: .15
  • Lot Description: Grade - Level
  • 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: 3
General Information
  • Annual Tax Amount: $23,450
  • Building Unit Total: 4
  • Capitalization Rate: 3.54
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,129
  • Expense Landscape: $0
  • Expense Maintenance: $4,703
  • Expense Management: $0
  • Expense Trash: $3,134
  • Expenses Other: $1,029
  • Expenses Utility: $7,350
  • Expenses Total: $42,795
  • Operating Expenses Include: Insurance, Maintenance, Maintenance - Repair, Services - Sewer, Utilities, Utilities - Hot Water, Utilities - Water
  • Gross Rent Multiplier: 12.34
  • Income Annual Gross: $77,813
  • Income Annual Rental: $80,220
  • Income Gross Scheduled: $80,220
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,600
Unit 2 Information
  • Unit 2 Approx Square Footage: 645
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $700
Unit 3 Information
  • Unit 3 Approx Square Footage: 645
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,620
Unit 4 Information
  • Unit 4 Approx Square Footage: 645
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,540
Unit Type 1
  • Unit Type1 Approx SqFt: 645

Property History for 463 South 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 463 South 7th Street

Taxable ValueLand$714,000Additions$249,900Total$963,900
Tax Record2023$16,866 ($1,405 / month)
Home Facts
Total Finished SqFt2,584 SqFtAbove Grade Finished SqFt2,584 SqFtStories2Lot Size6,348 SqFtStyleQuadraplexYear Built1954ZoningRMCountySANTA CLARAAPN467-48-032Fireplace TypeHas Fireplace

Schools near 463 South 7th Street

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lowell Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Downtown College Preparatory School
Charter9 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 SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

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.