519 Northlake Drive

San Jose, CA 95117

$1,795,000
Last Sold Price
Beds
3,129 Sq. Ft.
$574 / Sq. Ft.
3,129
Sq. Ft.
$574
per Sq. Ft.

Description

4 Units all with 2 bedrooms, 1 bath! Lots of remodeling and rent increases since the seller took ownership. Well maintained complex with brick/stucco/wood exterior. Balcony or patio access on all units for additional fresh air. Newer paint, baseboards, updated sink vanity in some units. Spacious bedrooms and living areas. Laminate flooring, newer carpet, 4 carport parking spaces with 2 additional assigned spaces. Newer kitchen in some units. Convenient laundry room on site. Excellent rents with room...4 Units all with 2 bedrooms, 1 bath! Lots of remodeling and rent increases since the seller took ownership. Well maintained complex with brick/stucco/wood exterior. Balcony or patio access on all units for additional fresh air. Newer paint, baseboards, updated sink vanity in some units. Spacious bedrooms and living areas. Laminate flooring, newer carpet, 4 carport parking spaces with 2 additional assigned spaces. Newer kitchen in some units. Convenient laundry room on site. Excellent rents with room to increase. Prime location in West San Jose and minutes away from Santana Row, Valley Fair, Apple, Highways 280 and 85. Great investment property with great appreciation and cash flow potential for years to come.
  1. Listed by William C Tran • DRE #01510440 • Elite Realty Services • 408-506-1746

Property Details for 519 Northlake Drive

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

Location

Listing Courtesy of Elite Realty Services, William C Tran, DRE #01510440

Sold By KW Silicon City, Susan Thai, DRE #01212667

Add your commute
LISTING UPDATED: 06/03/2021 11:53 PM

Property Details for 519 Northlake Drive

StatusSold
MLS #ML81835752
Days on Compass20
Taxes$22,177 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1960
Lot Size0.15 AC / 6,546 SF
CountySanta Clara County

Location

Listing Courtesy of Elite Realty Services, William C Tran, DRE #01510440

Sold By KW Silicon City, Susan Thai, DRE #01212667

Add your commute

Building Information for 519 Northlake Drive

Stories2Residences4Year Built1960Building Size-Lot Size0.15 AC / 6,546 SF

Payment Calculator

$11,644 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,796

Property Taxes

$1,848

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 519 Northlake Drive

Features
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Living SqFt: 3129
  • Pool: No
  • Security Features: None
  • Special Features: Bathroom Features, Kitchen Features, Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Assigned Spaces, Covered Parking, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Campbell
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 519
  • Street Name: Northlake
  • Street Suffix: Drive
  • Area ID: 15
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3129
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Ownership Type: Individual
  • Zoning Detail: RM
Location Information
  • Parcel Number: 303-27-057
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95117
  • Elementary School District: 454
  • High School District Text: Campbell Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .15
  • 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: $22,177
  • Building Unit Total: 4
  • Capitalization Rate: 3.50
  • Tenant Expenses: Rent Only, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $1,744
  • Expense Landscape: $0
  • Expense Maintenance: $3,800
  • Expense Management: $4,689
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $101
  • Expenses Total: $32,511
  • Operating Expenses Include: Accounting/Legal, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Capital Improvements, Maintenance - Repair, Review with Offer, Vacancy Factor
  • Gross Rent Multiplier: 18.82
  • Income Annual Gross: $95,382
  • Income Annual Rental: $95,382
  • Income Gross Scheduled: $95,382
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,000
Unit 2 Information
  • Unit 2 Approx Square Footage: 785
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,000
Unit 3 Information
  • Unit 3 Approx Square Footage: 785
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,000
Unit 4 Information
  • Unit 4 Approx Square Footage: 785
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,000
Unit Type 1
  • Unit Type1 Approx SqFt: 785

Property History for 519 Northlake Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 519 Northlake Drive

Taxable ValueLand$1,399,338Additions$468,180Total$1,867,518
Tax Record2023$24,470 ($2,039 / month)
Home Facts
Total Finished SqFt3,129 SqFtAbove Grade Finished SqFt3,129 SqFtStories2Lot Size6,540 SqFtStyleQuadraplexYear Built1960ZoningRMCountySANTA CLARAAPN303-27-057Fireplace TypeHas Fireplace

Schools near 519 Northlake Drive

This home is within Campbell Union School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lynhaven Elementary School
CharterK to 5

Monroe Middle School
Charter5 to 8

Del Mar High School
Public9 to 12

Boynton High School
Public9 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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Listing Courtesy of Elite Realty Services, William C Tran, DRE #01510440

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.