51 Glen Eyrie Avenue

San Jose, CA 95125

$9,088,000
Last Sold Price
Beds
15,056 Sq. Ft.
$604 / Sq. Ft.
15,056
Sq. Ft.
$604
per Sq. Ft.

Description

51 Glen Eyrie Ave is a stunning 24-unit apartment community located in San Jose's desirable Willow Glen neighborhood. Situated on a parcel of land totaling 21,581 sqft, the subject property was originally constructed in 1961 and has a gross building area of approximately 15,056 sqft, offering its tenants beautifully designed one-bedroom and two-bedroom Floor plans.  The subject property also offers tenants and residents stainless steel appliances, granite countertops, vinyl plank Flooring, double...51 Glen Eyrie Ave is a stunning 24-unit apartment community located in San Jose's desirable Willow Glen neighborhood. Situated on a parcel of land totaling 21,581 sqft, the subject property was originally constructed in 1961 and has a gross building area of approximately 15,056 sqft, offering its tenants beautifully designed one-bedroom and two-bedroom Floor plans.  The subject property also offers tenants and residents stainless steel appliances, granite countertops, vinyl plank Flooring, double pane windows and on-site laundry facilities.  51 Glen Eyrie presents a rare opportunity for an investor to acquire an exceptional multifamily property in one of the most desirable locations in Silicon Valley. Located within the coveted neighborhood of Willow Glen and is within walking distance to the neighborhoods downtown. Willow Glen is known as one of the safest and best neighborhoods to live in with some of the highest ratings safety, comfort, and local school district rankings.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 51 Glen Eyrie Avenue

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
12

Location

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

Sold By Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Eymon Binesh, DRE #02060059

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LISTING UPDATED: 01/27/2022 03:35 PM

Property Details for 51 Glen Eyrie Avenue

StatusSold
MLS #ML81854488
Days on Compass139
Taxes$125,402 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.50 AC / 21,576 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

Sold By Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Eymon Binesh, DRE #02060059

Add your commute

Building Information for 51 Glen Eyrie Avenue

Stories-Residences-Year Built1961Building Size-Lot Size0.50 AC / 21,576 SF

Payment Calculator

$60,047 per month

30 year fixed, 7.25% Interest

Principal and Interest

$49,597

Property Taxes

$10,450

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 51 Glen Eyrie Avenue

Features
Room Information
  • Kitchen: Oven Range - Electric, Refrigerator
Features
  • Fireplace: No
  • Living SqFt: 15056
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 15
Garage
  • Garage and Parking: Assigned Spaces, Carport, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 24
  • Area Text: Willow Glen
  • Restrictions: None
  • Roof: Tar and Gravel
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 51
  • Street Name: Glen Eyrie
  • Street Suffix: Avenue
  • Area ID: 10
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 15056
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 264-57-006
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95125
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .50
  • 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: 24
General Information
  • Annual Tax Amount: $125,402
  • Capitalization Rate: 3.40
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,467
  • Expense Landscape: $2,025
  • Expense Maintenance: $12,000
  • Expense Management: $51,727
  • Expense Trash: $5,186
  • Expenses Other: $1,800
  • Expenses Utility: $19,643
  • Expenses Total: $223,250
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener, Services - On-Site Manager, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 17.16
  • Income Annual Gross: $559,581
  • Income Annual Rental: $571,128
  • Income Gross Scheduled: $576,888
  • Income Other: $5,760
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $0
  • Unit 1 Type: Apartment
Unit 2 Information
  • Unit 2 Approx Square Footage: 784
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $0
  • Unit 2 Type: Apartment
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 559
Listing Info
Rental Info
  • Lease Type: Net

Property History for 51 Glen Eyrie 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 51 Glen Eyrie Avenue

Taxable ValueLand$3,264,000Additions$6,005,760Total$9,269,760
Tax Record2023$117,873 ($9,823 / month)
Home Facts
Total Finished SqFt15,056 SqFtAbove Grade Finished SqFt15,056 SqFtStories2Lot Size21,581 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningR3CountySANTA CLARAAPN264-57-006Fireplace TypeHas Fireplace

Schools near 51 Glen Eyrie Avenue

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
Public - K to 8
Rating
School
Distance
Willow Glen Elementary School
PublicK to 5

Willow Glen Middle School
Public6 to 8

Willow Glen High School
Public9 to 12

River Glen School
PublicK 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

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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 Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

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.