520 Madera Avenue

San Jose, CA 95112

$1,595,000
Price
Beds
3,468 Sq. Ft.
$460 / Sq. Ft.
3,468
Sq. Ft.
$460
per Sq. Ft.

Description

520 Madera Ave is a 4-unit property consisting of two separate buildings (1) 3 bed 1.5 bath (1) 2 bed 1 bath (2) 1 bed 1 bath units, with record low vacancy rates over the years with long-term tenants. This property is professionally managed by a local property management company with over 20 years of experience, fully rented with competent rents in a strong rental market with some room to improve. The property is with proximity to many new developments in the area, with easy access to Freeway 101...520 Madera Ave is a 4-unit property consisting of two separate buildings (1) 3 bed 1.5 bath (1) 2 bed 1 bath (2) 1 bed 1 bath units, with record low vacancy rates over the years with long-term tenants. This property is professionally managed by a local property management company with over 20 years of experience, fully rented with competent rents in a strong rental market with some room to improve. The property is with proximity to many new developments in the area, with easy access to Freeway 101 North and South, and the interstate 880, making it simple and convenient for the daily commuter. Close proximity to san Jose State University, and SJC Airport. San Jose is home to many companies, such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters. The property provides its tenants with washer and dryer hook-ups, for their convenience if they choose to provide their own. Most of the tenants are long-term and have month-to-month leases. The roof is low pitch with asphalt shingles, while the foundation is a concrete perimeter with a crawl space. This parcel is not in city inspections or city rent control areas. Tenants get billed back for garbage $51 a month/unit. Unit 1 gets billed back $125 for PG&E

Listing Agents

  1. Ray Rodriguez

    Ray Rodriguez

    Listing Agent

    Compass

    DRE #01999734

  2. Tony Zizzo

    Tony Zizzo

    Alternative Listing Agent

    Compass

    DRE #01962093

    tony.zizzo@compass.com

    P: 408.772.8661

Property Details for 520 Madera Avenue

MLS City Name
SAN JOSE
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
4

Location

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093
Add your commute
LISTING UPDATED: 04/19/2024 10:11 AM

Property Details for 520 Madera Avenue

StatusActive
MLS #ML81956942
Days on Compass51
Taxes$18,327 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1922
Lot Size0.20 AC / 8,712 SF
CountySanta Clara County

Location

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093
Add your commute

Building Information for 520 Madera Avenue

Stories1Residences4Year Built1922Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$10,232 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,705

Property Taxes

$1,527

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 520 Madera Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 3468
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: Other
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Private
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Private / Mutual
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Central San Jose
  • Roof: Flat / Low Pitch, Wood Shakes / Shingles
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 520
  • Street Name: Madera
  • Street Suffix: Avenue
  • Area ID: 9
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 3468
  • Structure SqFt Source: Other
  • Age: 102
Development Information
  • Zoning Detail: LI
Location Information
  • Parcel Number: 235-16-068
  • 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, Concrete Slab
  • Horse Property: No
  • Lot Acres: .20
  • 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: 4
General Information
  • Annual Tax Amount: $18,327
  • Building Unit Total: 4
  • Capitalization Rate: 3.28
  • Tenant Expenses: Services - Trash Removal
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,040
  • Expense Landscape: $0
  • Expense Maintenance: $1,200
  • Expense Management: $0
  • Expense Trash: $2,460
  • Expenses Other: $1,953
  • Expenses Utility: $13,988
  • Expenses Total: $42,968
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 16.25
  • Income Annual Gross: $95,204
  • Income Annual Rental: $98,148
  • Income Gross Scheduled: $98,148
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $2,876
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,601
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,001
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,701

Property History for 520 Madera 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 520 Madera Avenue

Taxable ValueLand$519,827Additions$323,331Total$843,158
Tax Record2023$14,143 ($1,179 / month)
Home Facts
Total Finished SqFt3,468 SqFtAbove Grade Finished SqFt3,468 SqFtStories1Lot Size8,736 SqFtStyleQuadraplexYear Built1922ZoningLICountySANTA CLARAAPN235-16-068Fireplace TypeHas Fireplace

Schools near 520 Madera Avenue

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

Muwekma Ohlone Middle
Public6 to 8

San Jose High School
Public9 to 12

Ace Inspire 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.

Similar Homes

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Similar Sold Homes

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520 Madera Avenue is a multi-family home for sale in San Jose, CA 95112. This property was listed for sale on March 8, 2024 by Compass, it's currently listed at $1,595,000. It has been on the market for a total of 51 days and was last sold on December 31, 2014. This listing's school district is San Jose Unified School District. Nearby schools include Walter L. Bachrodt Elementary School, Muwekma Ohlone Middle and San Jose High School. 520 Madera Avenue is a 0-bed, 0-bath, 3,468 sqft multi-family home built in 1922.

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 Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

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.