1610 Virginia Ave, San Jose, CA 95116
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1610 Virginia Ave San Jose, CA 95116

$1,675,000 Sold Price as of 10/28/2021
  • 10 Beds
  • -- Baths
  • 3,859 Sq.Ft.
Sold
$1,675,000 Sold Price as of 10/28/2021 Refinance Your Mortgage

Map preview of 1610 Virginia Ave, San Jose, CA 95116

Property Overview: 1610 Virginia Ave San Jose, CA has 10 bedrooms, -- bathrooms, 3,859 living square feet and 6,587 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: SELLER FINANCING - $1,000,000 loan at 3.5% fixed for 15 years **** Incredible opportunity to acquire a 4-plex and ultimately pay off the loan in 15 years **** The property features a lovely unit mix of (2) 3 bedroom / 2 bathroom townhouses and (2) 2 bedroom / 1 bathroom townhouses **** These spacious apartments average 965 square feet each and feature a private patio or balcony **** The property has solid in-place rents with upside potential **** This vital rental location is minutes from Downtown San Jose and is conveniently located near freeways 101, 280, and 680 **** The property is also minutes away from shopping, schools, and parks.

Listed by Truman Nhu | BRE #01110101 | Century 21 Real Estate Alliance
Co-listed by Alexia Nguyen | BRE #01262272 | Century 21 Real Estate Alliance
Last checked: 8 minutes ago | Last updated: June 27th, 2022 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
6,587
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
ML81856461
City
San Jose
County
Santa Clara
Time on Site
990 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 3
  • # of Baths: --
  • Actual Rent: $2,350
  • Total Rent: --
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 3
  • # of Baths: --
  • Actual Rent: $2,350
  • Total Rent: --
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 2
  • # of Baths: --
  • Actual Rent: $2,000
  • Total Rent: --
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 2
  • # of Baths: --
  • Actual Rent: $1,920
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.81%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $103,000
  • Net Operating Income: --
  • Gross Operating Income: --
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: --
  • Trash: $1,800
  • Insurance: $1,600
  • Maintenance: $3,000
  • Other Expenses: $0

Property Details for 1610 Virginia Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 48144046
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
View more facts & features

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Sale History for 1610 Virginia Ave

Last sold for $1,675,000 on October 28th, 2021
  • August, 2021

  • Aug 3, 2021

    Date

    Price Change

    CRMLS: ML81856461

    $1,700,000

    Price

  • Aug 3, 2021

    Date

    Active

    CRMLS: ML81856461

    $1,700,000

    Price

  • July, 2021

  • Jul 5, 2021

    Date

    Expired

    CRMLS: ML81847297

    $1,700,000

    Price

  • Jun 4, 2021

    Date

    Active

    CRMLS: ML81847297

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

    SELLER FINANCING - $1,000,000 loan at 3.5% fixed for 15 years. Incredible opportunity to acquire a 4-plex and completely pay off the loan in 15 years. The property features a very attractive unit mix of (2) 3 bedroom / 2 bathroom townhouses and (2) 2 bedroom / 1 bathroom townhouses. These spacious apartments average 965 square feet each and feature a private patio or balcony. The property has solid in-place rents with upside potential. This strong rental location is moments from Downtown San Jose and is conveniently located near highways 101, 280 and 680. The property is also moments away from shopping, schools and parks.

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Tax History for 1610 Virginia Ave

Assessed Value (2020): $340,972
Year Land Value Improved Value Assessed Value
2020 $104,173 $236,799 $340,972

Home Value Compared to the Market

This property vs the competition

1610 Virginia Ave sold on October 28, 2021 for 19.3% higher than the current median sold price for the city of San Jose which is $1,425,000. The median sold price per/sqft for San Jose is $880 and this home is sold at $440.53 per/sqft which puts the price per square foot 49.94% lower than the current median sale per square foot for the city of San Jose.

About 1610 Virginia Ave

Detailed summary of property

1610 Virginia Ave is a fourplex that recently sold in San Jose, CA 95116. This fourplex offered 10 bedrooms, -- bathrooms, roughly 3,859 living square feet, and sits on an approximately 6,587 square foot lot. 1610 Virginia Ave was first listed on ArdentRealEstateGroup.com on August 3, 2021. The homeowner sold the property for $1,675,000. Home in San Jose are selling for a median price of $1,425,000 and a median price per square foot of $880. Based on Ardent Real Estate Group's San Jose Market Data, this home is sold 19.3% higher than the current median priced home. Local homes that are currently for sale include 2912 Park Center Dr, 13009 Venice Blvd and 823 N Ogden Dr. While the average home in San Jose, CA is selling in 252 days, 1610 Virginia Ave has a days on market of 32 days. There are currently 3514 homes for sale in the San Jose real estate market and 2417 of them are single family homes while 670 of them are condos and 423 are townhomes. For more information on this home for sale at 1610 Virginia Ave San Jose, CA 95116 contact Ardent Real Estate Group and we will put you in touch with one of our San Jose agents.

Public Facts for 1610 Virginia Ave

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
3,859
Lot Size
6,441
Stories
2
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Santa Clara
Lot#
--
APN
481-44-046

The source for these homes facts are from public records.

95116 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$668,888
Median List Price/Sq.Ft.
$557
Median Sold Price
$880,008
Median Sold Price/Sq.Ft.
$813
Total Inventory
76
Median Sale to List Price %
99.1%
Avg Days on Market
10
Loan Type
Conventional (81.82%), FHA (0%), VA (9.09%), Cash (9.09%), Other (0%)

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Related Resources to 1610 Virginia Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.