80 South 22nd Street

San Jose, CA 95116

$1,999,999
Last Sold Price
Beds
3,618 Sq. Ft.
$553 / Sq. Ft.
3,618
Sq. Ft.
$553
per Sq. Ft.

Description

Multifamily property consists of eight, 1BD/1BA units, approx 425 SF in size. Seven of the eight units have been renovated with newer cabinetry, granite countertops, appliances, flooring, paint and are in very good condition. All units also have double pane windows. All 8 units are currently rented with 7 at market rate of $1,895/month/unit. There are no delinquent rents or tenants in arrears. See the Unit Mix Report in OM for the rental amount for each unit. The 3,618 square foot building consist...Multifamily property consists of eight, 1BD/1BA units, approx 425 SF in size. Seven of the eight units have been renovated with newer cabinetry, granite countertops, appliances, flooring, paint and are in very good condition. All units also have double pane windows. All 8 units are currently rented with 7 at market rate of $1,895/month/unit. There are no delinquent rents or tenants in arrears. See the Unit Mix Report in OM for the rental amount for each unit. The 3,618 square foot building consist of a concrete foundation with stucco over wood structure, composite shingle roof and concrete parking lot. The lot size is 7,800 square feet and the property is zoned Residential Multifamily (RM). There are 8 uncovered parking spaces on-site. There is no tuckunder parking for this building which means that a "soft-story" engineering retrofit will not be required. The property is located in an exceptionally strong East San Jose Rental Market where demand for units is very robust. This property is subject to San Jose's Apartment Rental Ordinance and Tenant Protection Ordinance, as are all 3+ unit buildings constructed before 2007.
  1. Listed by Michael Shields • DRE #01327546 • Brokerage DRE #01327546 • SiliconValley MultiFamilyGroup • 408-356-1900

Property Details for 80 South 22nd Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
8
Cross Street
East San Fernand

Location

Listing Courtesy of SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Sold By Gold Ridge Real Estate, Inc., Leah Chen, DRE #01375897

Add your commute
LISTING UPDATED: 04/22/2024 09:53 AM

Property Details for 80 South 22nd Street

StatusSold
MLS #ML81948925
Days on Compass91
Taxes$29,629 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.17 AC / 7,405 SF
CountySanta Clara County

Location

Listing Courtesy of SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Sold By Gold Ridge Real Estate, Inc., Leah Chen, DRE #01375897

Add your commute

Building Information for 80 South 22nd Street

Stories-Residences-Year Built1961Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$13,384 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$2,469

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 80 South 22nd Street

Features
Room Information
  • Kitchen: Countertop - Granite, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Gas, Refrigerator
Features
  • Amenities: None
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 3618
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer Connected, Sewer in Street
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, No Garage, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Central San Jose
  • Restrictions: Other
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 80
  • Street Name: 22nd
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3618
  • Structure SqFt Source: Assessor
  • Age: 62
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: RM
Location Information
  • City Limits: Yes
  • Directions: Between E. Santa Clara Street & E. San Fernando Street.
  • Incorporated: Yes
  • Parcel Number: 467-32-002
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95116
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Slab
  • 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: No
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $29,629
  • Capitalization Rate: 4.53
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,500
  • Expense Landscape: $0
  • Expense Maintenance: $26,228
  • Expense Management: $0
  • Expense Trash: $4,954
  • Expenses Other: $568
  • Expenses Utility: $9,567
  • Expenses Total: $75,446
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Miscellaneous/Other, Services - Sewer, Services - Trash Removal, Utilities
  • Gross Rent Multiplier: 12.07
  • Income Annual Gross: $172,738
  • Income Annual Rental: $177,050
  • Income Gross Scheduled: $178,080
  • Income Other: $1,030
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,595
Unit Type 1
  • Unit Type1 Approx SqFt: 425

Property History for 80 South 22nd 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 80 South 22nd Street

Taxable ValueLand$1,093,645Additions$1,208,478Total$2,302,123
Tax Record2023$30,375 ($2,531 / month)
Home Facts
Total Finished SqFt3,618 SqFtAbove Grade Finished SqFt3,618 SqFtStories2Lot Size7,800 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningRMCountySANTA CLARAAPN467-32-002Fireplace TypeHas Fireplace

Schools near 80 South 22nd 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
Charter - 5 to 8
Rating
School
Distance
Selma Olinder Elementary School
PublicK 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.

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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 SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

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.