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498 S Willard Ave, San Jose, CA 95126
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498 S Willard Ave San Jose, CA 95126

$2,000,000 Sold Price as of 05/10/2022
  • 9 Beds
  • -- Baths
  • 2,374 Sq.Ft.
Sold
$2,000,000 Sold Price as of 05/10/2022 Refinance Your Mortgage
Map preview of 498 S Willard Ave, San Jose, CA 95126

Property Overview: 498 S Willard Ave San Jose, CA has 9 bedrooms, -- bathrooms, 2,374 living square feet and 10,077 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: SIGNIFICANT PRICE REDUCTION! One of kind, newly remodeled four, separate units! This unique property is one of the highest grossing fourplexes currently on the market. All houses on the property are stand-alone structures and were fully remodeled and completed in 2021. Capital improvements in each unit are ALL NEW (as of 2021) and include kitchens, bathrooms, heaters, lighting, fixtures, flooring, doors, windows, blinds, paint, ceiling fans and more! COMPLETELY REMODELED in 2020 & 2021. Renovations include: kitchens, bathrooms, floors, paint, double pane windows, appliances, roofs on units B & C, new or repaired and repainted siding, sealed asphalt parking lot, fenced in patios with pavers and furniture. All units reside on one 10,018 SF. All units are in excellent condition. Property zoned as R3. All units are legal. Approximately one mile from the planned Google Village. Offering Memorandum and reports available.

Listed by Michael Shields | BRE #01327546 | SiliconValley MultiFamilyGroup
Last checked: 6 minutes ago | Last updated: June 11th, 2022 | Source CRMLS | DOM: 79

Home details

Lot Sq. Ft
10,077
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
ML81874232
City
San Jose
County
Santa Clara
Time on Site
823 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 3
  • # of Baths: --
  • Actual Rent: $3,195
  • Total Rent: --
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 1
  • # of Baths: --
  • Actual Rent: $1,850
  • Total Rent: --
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 3
  • # of Baths: --
  • Actual Rent: $3,195
  • Total Rent: --
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 2
  • # of Baths: --
  • Actual Rent: $2,500
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.47%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $128,880
  • Net Operating Income: --
  • Gross Operating Income: --
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: --
  • Trash: $1,679
  • Insurance: $2,863
  • Maintenance: $725
  • Other Expenses: $0

Property Details for 498 S Willard Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Carpet, Laminate, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher, Vented Exhaust Fan, Microwave, Refrigerator
Exterior Features
Exterior Information
  • Roof: Shingle
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 27719001
  • Year Built Source: Assessor
  • Foundation Details: Concrete Perimeter
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Street: Scott Street
View more facts & features

Local San Jose Agent

Sale History for 498 S Willard Ave

Last sold for $2,000,000 on May 10th, 2022

  • May, 2022

  • May 10, 2022

    Date

    Sold

    CRMLS: ML81874232

    $2,000,000

    Price

  • Jan 12, 2022

    Date

    Active

    CRMLS: ML81874232

    $2,150,000

    Price

  • April, 2020

  • Apr 30, 2020

    Date

    Sold

    CRMLS: ML81777216

    $750,000

    Price

  • Feb 23, 2020

    Date

    Pending

    CRMLS: ML81777216

    $1,200,000

    Price

  • Dec 13, 2019

    Date

    Active

    CRMLS: ML81777216

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity! There are currently three homes on this 10,018 square foot lot! The tenant occupied homes need TLC but can be a source of income while you work out plans to potentially develop. (all tenants are on month-to-month agreements) Great location close to 280, 880, The Alameda, Santana Row and downtown San Jose. Perfect time to join this improving neighborhood where several building and improvement projects have recently been completed.

  • April, 2020

  • Apr 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $775,000

    Price

Show More

Tax History for 498 S Willard Ave

Assessed Value (2020): $378,860
Year Land Value Improved Value Assessed Value
2020 $132,593 $246,267 $378,860

Home Value Compared to the Market

This property vs the competition

498 S Willard Ave sold on May 10, 2022 for 40.21% 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 $841.62 per/sqft which puts the price per square foot 4.36% lower than the current median sale per square foot for the city of San Jose.

About 498 S Willard Ave

Detailed summary of property

498 S Willard Ave is a fourplex that recently sold in San Jose, CA 95126. This fourplex offered 9 bedrooms, -- bathrooms, roughly 2,374 living square feet, and sits on an approximately 10,077 square foot lot. 498 S Willard Ave was first listed on ArdentRealEstateGroup.com on January 18, 2022. The homeowner sold the property for $2,000,000. 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 40.21% higher than the current median priced home. Local homes that are currently for sale include 3777 S Centinela Ave, 812 N Genesee Ave and 6626 W 6th St. While the average home in San Jose, CA is selling in 252 days, 498 S Willard Ave has a days on market of 79 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 498 S Willard Ave San Jose, CA 95126 contact Ardent Real Estate Group and we will put you in touch with one of our San Jose agents.

Public Facts for 498 S Willard Ave

Public county record property details
Beds
--
Baths
--
Year built
1930
Sq. Ft.
2,374
Lot Size
10,018
Stories
1
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Santa Clara
Lot#
--
APN
277-19-001

The source for these homes facts are from public records.

95126 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$898,000
Median List Price/Sq.Ft.
$712
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$791
Total Inventory
154
Median Sale to List Price %
100%
Avg Days on Market
24
Loan Type
Conventional (77.27%), FHA (4.55%), VA (0%), Cash (13.64%), Other (4.55%)

Thinking of Selling?

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(714) 706-1823

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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.

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