946 University Avenue

San Jose, CA 95126

$1,760,000
Last Sold Price
Beds
2,548 Sq. Ft.
$691 / Sq. Ft.
2,548
Sq. Ft.
$691
per Sq. Ft.

Description

**FIXER UPPER/CONTRACTOR'S SPECIAL/DEVELOPMENT OPPORTUNITY**Located in the central Rose Garden neighborhood of San Jose, 946 University Avenue is a unique opportunity to acquire a vacant 4 unit complex on a sizeable 14,600 square foot lot. The property currently features a unit mix of (3) 1 BR 1 BA and (1) 2 BR 1 BA which makes it an ideal value add investment property. Additionally plans for a larger duplex and two detached ADUs are currently under review which provide an additional option. The...**FIXER UPPER/CONTRACTOR'S SPECIAL/DEVELOPMENT OPPORTUNITY**Located in the central Rose Garden neighborhood of San Jose, 946 University Avenue is a unique opportunity to acquire a vacant 4 unit complex on a sizeable 14,600 square foot lot. The property currently features a unit mix of (3) 1 BR 1 BA and (1) 2 BR 1 BA which makes it an ideal value add investment property. Additionally plans for a larger duplex and two detached ADUs are currently under review which provide an additional option. The propertys convenient location provides easy access to I-880, essential retailers, and popular points of interest such as Paypal Park, The SAP Center, and SJC Mineta Airport. The propertys location, development potential and local market strength make it ideal for investors seeking a value add opportunity or for owner/users interested in developing their own family compound.

Listing Agents

  1. Theodore Wong

    Theodore Wong

    Listing Agent

    Compass

    DRE #02016737

  2. Sam Jalili

    Sam Jalili

    Alternative Listing Agent

    Compass

    DRE #02053100

    sam.jalili@compass.com

    P: 408.316.2157

Property Details for 946 University Avenue

MLS City Name
SAN JOSE
Building Type
OTHER
Garage Spaces
0
Parking Spaces
0
Cross Street
Elm

Location

Listing Courtesy of Compass, Theodore Wong, DRE #02016737; Compass, Sam Jalili, DRE #02053100

Sold By Magnify Real Estate, Kyle De Mattei, DRE #02146792

Add your commute
LISTING UPDATED: 03/07/2024 04:59 PM

Property Details for 946 University Avenue

StatusSold
MLS #ML81955541
Days on Compass1
Taxes$25,988 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1905
Lot Size0.33 AC / 14,433 SF
CountySanta Clara County

Location

Listing Courtesy of Compass, Theodore Wong, DRE #02016737; Compass, Sam Jalili, DRE #02053100

Sold By Magnify Real Estate, Kyle De Mattei, DRE #02146792

Add your commute

Building Information for 946 University Avenue

Stories2Residences-Year Built1905Lot Size0.33 AC / 14,433 SF

Payment Calculator

$11,771 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,605

Property Taxes

$2,166

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 946 University Avenue

Features
Features
  • Fireplace: No
  • Flooring: Carpet
  • Living SqFt: 2548
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Other
  • Meters: None
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Central San Jose
  • Roof: Wood Shakes / Shingles
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 946
  • Street Name: University
  • Street Suffix: Avenue
  • Area ID: 9
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 4
  • Structure SqFt: 2548
  • Structure SqFt Source: Assessor
  • Age: 119
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R2
Location Information
  • City Limits: Yes
  • Directions: Google Maps
  • Incorporated: Yes
  • Parcel Number: 261-12-032
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95126
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Wood Frame
  • Horse Property: No
  • Lot Acres: .33
  • 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: 0
General Information
  • Annual Tax Amount: $25,988
  • Capitalization Rate: 4.45
  • Tenant Expenses: None
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $2,188
  • Expense Landscape: $0
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $3,574
  • Expenses Other: $0
  • Expenses Utility: $2,760
  • Expenses Total: $36,510
  • Operating Expenses Include: None
  • Gross Rent Multiplier: 15.67
  • Income Annual Gross: $120,900
  • Income Annual Rental: $120,000
  • Income Gross Scheduled: $120,900
  • Income Other: $900
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $0
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Full Bathrooms: 0
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Full Bathrooms: 0
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $0

Property History for 946 University 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 946 University Avenue

Taxable ValueLand$1,499,400Additions$260,100Total$1,759,500
Tax Record2023$22,710 ($1,893 / month)
Home Facts
Total Finished SqFt2,548 SqFtAbove Grade Finished SqFt2,548 SqFtStories2Lot Size14,600 SqFtStyleTriplexYear Built1905ZoningR2CountySANTA CLARAAPN261-12-032Fireplace TypeHas Fireplace

Schools near 946 University Avenue

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 - 11 to 12
Rating
School
Distance
Merritt Trace Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Middle College High School
Public11 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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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, Theodore Wong, DRE #02016737; Compass, Sam Jalili, DRE #02053100

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.