520 Madera Ave is a 4-unit property consisting of two separate buildings (1) 3 bed 1.5 bath (1) 2 bed 1 bath (2) 1 bed 1 bath units, with record low vacancy rates over the years with long-term tenants. This property is professionally managed by a local property management company with over 20 years of experience, fully rented with competent rents in a strong rental market with some room to improve. The property is with proximity to many new developments in the area, with easy access to Freeway 101 North and South, and the interstate 880, making it simple and convenient for the daily commuter. Close proximity to san Jose State University, and SJC Airport. San Jose is home to many companies, such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters. The property provides its tenants with washer and dryer hook-ups, for their convenience if they choose to provide their own. Most of the tenants are long-term and have month-to-month leases. The roof is low pitch with asphalt shingles, while the foundation is a concrete perimeter with a crawl space. This parcel is not in city inspections or city rent control areas. Tenants get billed back for garbage $51 a month/unit. Unit 1 gets billed back $125 for PG&E
Property Type(s):
Multi Family
|
Last Updated
|
4/12/2024
|
Year Built
|
1922
|
|
County
|
Santa Clara
|
Price History
|
Prior to Apr 2, '24
|
$1,800,000 |
|
Apr 2, '24 - Apr 12, '24 |
$1,658,000 |
| Apr 12, '24 - Today |
$1,595,000 |
Additional Details
| BUYER'S BROKERAGE COMPENSATION |
3.00 |
| LOT |
8712 sq ft |
| LOT DIMENSIONS |
8712.00 |
| PARKING |
Off Street |
| STORIES |
1 |
| ZONING |
LI |
Listed by Ray Rodriguez | 626-779-9360, Compass
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of 5/2/24 9:32 PM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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This IDX solution is (c) Diverse Solutions 2024.
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Written by Andrew -
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