5723 Via Monte Drive

San Jose, CA 95118

$1,680,000
Price
Beds
3,200 Sq. Ft.
$525 / Sq. Ft.
3,200
Sq. Ft.
$525
per Sq. Ft.

Description

This attractively priced fourplex boasts strong rents(monthly rent $9055) and a high in-place cap rate. Featuring four spacious two-bedroom, one-bathroom flats, with an excellent unit mix. Some units have been upgraded with new kitchen cabinets and granite countertops, while all benefit from dual pane windows throughout. Each unit averages 800 square feet, with Unit D boasting a remodeled bathroom and new flooring. Units A, B, and C come with brand new electric stoves. Additionally, each unit includes...This attractively priced fourplex boasts strong rents(monthly rent $9055) and a high in-place cap rate. Featuring four spacious two-bedroom, one-bathroom flats, with an excellent unit mix. Some units have been upgraded with new kitchen cabinets and granite countertops, while all benefit from dual pane windows throughout. Each unit averages 800 square feet, with Unit D boasting a remodeled bathroom and new flooring. Units A, B, and C come with brand new electric stoves. Additionally, each unit includes enclosed garages and ample street parking, with brand new garage doors installed. The property also offers an on-site laundry room for additional income. Conveniently located within walking distance of a Whole Foods anchored shopping center, and nearby tenants include Chick-fil-A, Peet's Coffee, Chipotle, and Office Max. Across from the Whole Foods Shopping Center lies Almaden Plaza, boasting over 60 retailers and services including Costco, Trader Joe's, TJ Maxx, and Ross.
  1. Listed by Xiaozhu Kang • DRE #01999507 • Brokerage DRE #01908304 • Coldwell Banker Realty • 650-683-6888

Property Details for 5723 Via Monte Drive

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

Location

Listing Courtesy of Coldwell Banker Realty, Xiaozhu Kang, DRE #01999507
Add your commute
LISTING UPDATED: 04/20/2024 07:26 AM

Property Details for 5723 Via Monte Drive

StatusActive
MLS #ML81962214
Days on Compass13
Taxes$19,651 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1963
Lot Size0.17 AC / 7,405 SF
CountySanta Clara County

Location

Listing Courtesy of Coldwell Banker Realty, Xiaozhu Kang, DRE #01999507
Add your commute

Building Information for 5723 Via Monte Drive

Stories2Residences4Year Built1963Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$10,806 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,168

Property Taxes

$1,638

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5723 Via Monte Drive

Features
Features
  • Fireplace: No
  • Living SqFt: 3200
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Cambrian
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 5723
  • Street Name: Via Monte
  • Street Suffix: Drive
  • Area ID: 14
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3200
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Zoning Detail: R3H
Location Information
  • Parcel Number: 567-52-045
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95118
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .17
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $19,651
  • Building Unit Total: 4
  • Capitalization Rate: 4.65
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Lease
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $1,649
  • Expense Landscape: $960
  • Expense Maintenance: $2,100
  • Expense Management: $0
  • Expense Trash: $2,680
  • Expenses Other: $0
  • Expenses Utility: $4,700
  • Expenses Total: $31,740
  • Operating Expenses Include: Insurance, Maintenance, Miscellaneous/Other, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 15.29
  • Income Annual Gross: $109,910
  • Income Annual Rental: $108,660
  • Income Gross Scheduled: $109,910
  • Income Other: $1,250
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,310
Unit 2 Information
  • Unit 2 Approx Square Footage: 800
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,475
Unit 3 Information
  • Unit 3 Approx Square Footage: 800
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,200
Unit 4 Information
  • Unit 4 Approx Square Footage: 800
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,070
Unit Type 1
  • Unit Type1 Approx SqFt: 800

Property History for 5723 Via Monte 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 5723 Via Monte Drive

Taxable ValueLand$988,380Additions$551,412Total$1,539,792
Tax Record2023$19,723 ($1,644 / month)
Home Facts
Total Finished SqFt3,200 SqFtAbove Grade Finished SqFt3,200 SqFtStories2Lot Size7,440 SqFtStyleQuadraplexYear Built1963ZoningR3HCountySANTA CLARAAPN567-52-045Fireplace TypeHas Fireplace

Schools near 5723 Via Monte Drive

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 - 9 to 12
Rating
School
Distance
Almaden Elementary School
PublicK to 5

Castillero Middle School
Public6 to 8

Pioneer High School
Public9 to 12

Broadway 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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5723 Via Monte Drive is a multi-family home for sale in San Jose, CA 95118. This property was listed for sale on April 19, 2024 by Coldwell Banker Realty, it's currently listed at $1,680,000. It has been on the market for a total of 13 days and was last sold on December 9, 2020. This listing's school district is San Jose Unified School District. Nearby schools include Almaden Elementary School, Castillero Middle School and Pioneer High School. 5723 Via Monte Drive is a 0-bed, 0-bath, 3,200 sqft multi-family home built in 1963.

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 Coldwell Banker Realty, Xiaozhu Kang, DRE #01999507

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.