730 Race Street

San Jose, CA 95126

$5,800,000
Price
Beds
11,600 Sq. Ft.
$500 / Sq. Ft.
11,600
Sq. Ft.
$500
per Sq. Ft.

Description

Huge price reduction, $550,000 reduction! Located near the new Google Downtown San Jose Campus. It is located on Race Street, one block north of Meridian Avenue, near Downtown Willow Glen. Located two blocks from entrance of Highway 280, 1/3 Miles from Starbucks coffee shop, and many retailers in the Safeway shopping mall. The property is located about 1/2 miles from Highway 87, Light rail station, Cal Train station and Downtown San Jose. Recently updated 16-unit apartment complex. Exceptional unit...Huge price reduction, $550,000 reduction! Located near the new Google Downtown San Jose Campus. It is located on Race Street, one block north of Meridian Avenue, near Downtown Willow Glen. Located two blocks from entrance of Highway 280, 1/3 Miles from Starbucks coffee shop, and many retailers in the Safeway shopping mall. The property is located about 1/2 miles from Highway 87, Light rail station, Cal Train station and Downtown San Jose. Recently updated 16-unit apartment complex. Exceptional unit mix consisting of Eight (8) 2-bedroom, 1-bathroom apartments of approximately 800SF and Eight (8) 1-bedroom, 1-bathroom apartments of approximately 650SF; townhouse style with courtyard in the middle of the complex, and 4-car detached garage and 13 carports. Brand new roof (2022) New dual pane windows (2022) New exterior paint (2022) New insulations inside each unit (2022) Updated kitchen granite counters, appliances, cabinets. Lots of upside potential.
  1. Listed by Simon C Chen • DRE #01334367 • Brokerage DRE #01860476 • Buffalo RE Inc • 408-676-8899

Property Details for 730 Race Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
4
Parking Spaces
1
Cross Street
Pedro St

Location

Listing Courtesy of Buffalo RE Inc, Simon C Chen, DRE #01334367
Add your commute
LISTING UPDATED: 04/08/2024 12:54 AM

Property Details for 730 Race Street

StatusActive
MLS #ML81924057
Days on Compass382
Taxes$69,600 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1958
Lot Size0.43 AC / 18,633 SF
CountySanta Clara County

Location

Listing Courtesy of Buffalo RE Inc, Simon C Chen, DRE #01334367
Add your commute

Building Information for 730 Race Street

Stories-Residences-Year Built1958Building Size-Lot Size0.43 AC / 18,633 SF

Payment Calculator

$37,453 per month

30 year fixed, 7.25% Interest

Principal and Interest

$31,653

Property Taxes

$5,800

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 730 Race Street

Features
Features
  • Fireplace: No
  • Living SqFt: 11600
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 13
Garage
  • Garage and Parking: Attached Garage, Covered Parking, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 16
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 730
  • Street Name: Race
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 0
  • Structure SqFt: 11600
  • Structure SqFt Source: Assessor
  • Age: 65
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 264-06-060
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95126
  • Elementary School: 380
  • Elementary School District: 482
  • Middle School Text: Willow Glen Middle
  • High School District Text: San Jose Unified
  • High School Text: Willow Glen High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .43
  • 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: 16
General Information
  • Annual Tax Amount: $69,600
  • Capitalization Rate: 4.40
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $6,567
  • Expense Landscape: $3,825
  • Expense Maintenance: $9,482
  • Expense Management: $0
  • Expense Trash: $7,887
  • Expenses Other: $11,734
  • Expenses Utility: $10,000
  • Expenses Total: $119,095
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 15.18
  • Income Annual Gross: $374,360
  • Income Annual Rental: $372,000
  • Income Gross Scheduled: $382,000
  • Income Other: $10,000
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
Unit 2 Information
  • Unit 2 Approx Square Footage: 650
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 800

Property History for 730 Race 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 730 Race Street

Taxable ValueLand$1,416,534Additions$1,417,584Total$2,834,118
Home Facts
Baths0.5Total Finished SqFt11,600 SqFtAbove Grade Finished SqFt11,600 SqFtStories2Lot Size18,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningR3CountySANTA CLARAAPN264-06-060Fireplace TypeHas Fireplace

Schools near 730 Race 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
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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730 Race Street is a multi-family home for sale in San Jose, CA 95126. This property was listed for sale on April 9, 2023 by Buffalo RE Inc, it's currently listed at $5,800,000. It has been on the market for a total of 382 days and was last sold on April 27, 2007. This listing's school district is San Jose Unified School District. Nearby schools include Willow Glen Elementary School, Willow Glen Middle School and Willow Glen High School. 730 Race Street is a 0-bed, 0-bath, 11,600 sqft multi-family home built in 1958.

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 Buffalo RE Inc, Simon C Chen, DRE #01334367

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.