991 Wren Drive

    San Jose, CA 95125
    • $1,988,000
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: ML81732494
    UPDATED: 25 min ago
    $1,988,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,655
      SQFT
    • $544
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Ratings & Info

    Description

    Location! Location! Location! A Willow Glen Four-Plex! Such properties come up rarely - this is your opportunity to own a Multi-Unit property in the heart of Silicon Valley. Truly in an ideal location - situated literally minutes away from Highways 85, 87, 101 as well as 280. With employment flourishing and various companies expanding nearby, including Google, housing continues to be quite an ongoing need in Silicon Valley. The investment genius of becoming a four-plex owner is that if one rental party moves out of one of the four units, you still, as an owner, enjoy 75% of your rental income flow coming in! In addition, many multi-unit owners choose to live in one of the units while the other three rentals greatly offset, and in some instances, completely negate the housing expense for the investor/owner living in one of the units! Speaking of housing, Unit One, a 3-bedroom/2 bathroom on the ground-level, feels like a regular house in every way, peaceful and well-appointed!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T13:34:41.95. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/89802302

    991 Wren Drive San Jose, CA 95125

    • Price: $1,988,000
    • Status: Active
    • Updated: 25 min ago
    • ID#: ML81732494
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    3,655
    SQFT
    $544
    $/SQFT
    1974
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Santa Clara
    Area:
    699 - Not Defined
    Property Description
    Location! Location! Location! A Willow Glen Four-Plex! Such properties come up rarely - this is your opportunity to own a Multi-Unit property in the heart of Silicon Valley. Truly in an ideal location - situated literally minutes away from Highways 85, 87, 101 as well as 280. With employment flourishing and various companies expanding nearby, including Google, housing continues to be quite an ongoing need in Silicon Valley. The investment genius of becoming a four-plex owner is that if one rental party moves out of one of the four units, you still, as an owner, enjoy 75% of your rental income flow coming in! In addition, many multi-unit owners choose to live in one of the units while the other three rentals greatly offset, and in some instances, completely negate the housing expense for the investor/owner living in one of the units! Speaking of housing, Unit One, a 3-bedroom/2 bathroom on the ground-level, feels like a regular house in every way, peaceful and well-appointed!
    Exterior Features

    Carport Spaces 5.00 Construction Materials Adobe Exterior Features Barbecue Private Garage Spaces 0.00 Lot Features Patio HomeBack Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarportCarport Attached Parking Total 5.00 Parking YN Yes Roof Asbestos ShingleShingle

    Interior Features

    Appliances Electric RangeElectric CookingWater Line To RefrigeratorGarbage DisposalRecirculated Exhaust FanGas CookingGas & Electric RangeGas OvenMicrowaveEnergy Star AppliancesElectric Water HeaterGrillGas RangeDishwasherNo Hot WaterElectric OvenEnergy Star Water HeaterSelf Cleaning OvenSolar Water HeaterTrash CompactorContinuous Clean OvenRefrigeratorVented Exhaust FanWater Purifier Appliances YN Yes Average1 Bed Area 1200 Average2 Bed Area 850 Average3 Bed Area 850 Cooling CentralWall Window Cooling YN Yes Flooring LaminateWood Heating Wall HeaterCentral Furnace Heating YN Yes Interior Features Furnished Room Type Walk-In ClosetSound Studio Window Features Double Pane Windows

    Property Features

    Accessibility Features 32 Inch Or More Wide Doors36 Inch Or More Wide Halls48 Inch Or More Wide Halls Cap Rate 2.17 Gross Multiplier 30.68 Gross Scheduled Income 64800.00 Insurance Expense 1912.00 Maintenance Expense 0.00 Professional Management Expense 0.00 Special Listing Conditions Standard Trash Expense 850.00 Zoning Rm

    Listing provided courtesy of Peter Spirakis of Big Block Realty, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T13:34:41.95. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024