NOT LISTED FOR SALE

297 E Reed St San Jose, CA 95112

Sun Neighborhood
4 Beds
4 Baths
3,642 Sq Ft
9,444 Sq Ft Lot

Last Sold July 10, 2019

Last sale price $1,590,000 $437 Per Sq Ft

12 Days on Market

Highlights

  • Victorian Architecture
  • Forced Air Heating System
  • 3-minute walk to O'Donnell Garden Park
  • 2 Car Detached Garage

About This Home

As of July 2019

A stunning opportunity to invest in this timeless 1898 Queen Ann Victorian in downtown San Jose. This stunning building shines with 4 units, each 1 bedroom, 1 bath. Enter through the main front door and step back in time into the formal foyer with multiple layers of woodwork, detailed trim and custom touches and the grand staircase feature. The overall large square footage makes for 4 very spacious apartments with hardwood floors and streaming natural lights. Some units even have the original stain glass windows! The huge basement features tons of storage and laundry for the tenants use. This large corner lot has mature trees, grass, a detached carriage house with workshop and lots of storage and space for plenty of parking.

Last Listed By

Lynsie Gridley

Compass License #01349340 Listed on: 05/22/2019

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1898

Lot Details

  • 9,444 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Quadruplex
  • Victorian Architecture
  • Composition Roof

Interior Spaces

  • 3,642 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $97,536
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $960
  • Insurance Expense $2,850
  • Utility Expense $309
  • Trash Expense $1,230
  • Operating Expense $23,349
  • Gross Income $97,536

Property Details

Home Type

Multi-Family

Year Built

1898

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Style: Victorian
  • Age: 121
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3642
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1898

Interior Features

  • Living Sq Ft: 3642
  • Stories: 2

Exterior Features

  • Foundation: Combination
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, Detached Garage

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.2168
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9442.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9442.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 15.37
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2850
  • Expense Landscape: 960
  • Expenses Total: 23349
  • Expenses Utility: 309
  • Expense Trash: 1230
  • Income Annual Gross: 97536.00
  • Income Annual Rental: 97536
  • Income Gross Scheduled: 97536
  • Income Includes: Lease
  • Meters: Master Gas, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2019 07/10/19 Sold $1,590,000 +6.1% $437 / Sq Ft
06/04/2019 06/04/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $1,499,000 +19.9% $412 / Sq Ft
06/16/2017 06/16/17 Sold $1,250,000 +13.8% $343 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $1,098,000 -- $301 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lynsie Gridley

    Seller's Agent in 2019

    Lynsie Gridley

    Compass

    (408) 883-0588

    67 Total Sales

    Section Image
  • Rayyan Fani

    Buyer's Agent in 2019

    Rayyan Fani

    Keller Williams Palo Alto

    (650) 422-8399

    38 Total Sales

    Section Image
  • Cristina Gonzalez

    Seller's Agent in 2017

    Cristina Gonzalez

    Compass

    (408) 930-6493

    2 in this area

    67 Total Sales

    Cristina Gonzalez
    Section Image
  • Reza Mazaheri

    Buyer's Agent in 2017

    Reza Mazaheri

    Compass

    (408) 358-3676

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81753132

MLSListings

APN: 472-28-036

California Santa Clara County San Jose 95112 Sun

297 E Reed St, San Jose, CA

Homes for Sale in San Jose, CA

This home is located at 297 E Reed St, San Jose, CA 95112 since 22 May 2019. This property was built in 1898. 297 E Reed St is a home located in Santa Clara County with nearby schools including Lowell Elementary School, Herbert Hoover Middle School, and Abraham Lincoln High.

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