2964 Neet Avenue

San Jose, CA 95128

$1,830,000
Last Sold Price
Beds
3,973 Sq. Ft.
$461 / Sq. Ft.
3,973
Sq. Ft.
$461
per Sq. Ft.

Description

Rare Investment Opportunity Well-Maintained Fourplex in Prime Location. This well-maintained fourplex, owned by the same family for over 50 years, offers a unique opportunity for investors. The interior of each unit has been remodeled, ensuring a modern and comfortable living space while maintaining the property's charm. With minimal deferred maintenance, this property is ready for continued success. Situated in a prestigious neighborhood surrounded by multi-million dollar homes, properties like...Rare Investment Opportunity Well-Maintained Fourplex in Prime Location. This well-maintained fourplex, owned by the same family for over 50 years, offers a unique opportunity for investors. The interior of each unit has been remodeled, ensuring a modern and comfortable living space while maintaining the property's charm. With minimal deferred maintenance, this property is ready for continued success. Situated in a prestigious neighborhood surrounded by multi-million dollar homes, properties like this rarely come available due to its prime location. The fourplex benefits from great long-term tenants, providing a steady stream of rental income. This is truly a once-in-a-lifetime chance to acquire a property in this sought-after area. Dont miss your opportunity to invest in a piece of one of the most desirable streets in the city!

Listing Agent

  1. David K. Martz

    David K. Martz

    Listing Agent

    Compass

    DRE #01227292

    davidmartz@compass.com

    P: (408)-230-0555

Property Details for 2964 Neet Avenue

MLS City Name
SAN JOSE
Building Type
FOURPLEX
Garage Spaces
6
Parking Spaces
0
Cross Street
Walgrove way
LISTING UPDATED: 12/17/2024 06:48 PM

Property Details for 2964 Neet Avenue

StatusSold
MLS #ML81987141
Days on Compass15
Taxes$4,497 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1968
Lot Size0.23 AC / 10,150 SF
CountySanta Clara County

Building Information for 2964 Neet Avenue

Stories2Residences4Year Built1968Building Size-Lot Size0.23 AC / 10,150 SF

Property Information for 2964 Neet Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 3973
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Central Forced Air
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Other
  • Utilities: Public Utilities
  • Water: Other
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Covered Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Campbell
  • Roof: Composition, Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 2964
  • Street Name: Neet
  • Street Suffix: Avenue
  • Area ID: 15
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3973
  • Structure SqFt Source: Assessor
  • Age: 56
Development Information
  • Zoning Detail: RM
Location Information
  • Parcel Number: 279-14-030
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95128
  • Elementary School: 52
  • Elementary School District: 454
  • Middle School Text: Monroe Middle
  • High School District Text: Campbell Union High
  • High School Text: Del Mar High
Lot Information
  • Foundation: Crawl Space
  • Horse Property: No
  • Lot Acres: .23
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $4,497
  • Building Unit Total: 4
  • Capitalization Rate: 3.48
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $5,940
  • Expense Landscape: $0
  • Expense Maintenance: $7,632
  • Expense Management: $6,222
  • Expense Trash: $0
  • Expenses Other: $9,043
  • Expenses Utility: $8,848
  • Expenses Total: $42,182
  • Operating Expenses Include: Depreciation, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 17.54
  • Income Annual Gross: $108,306
  • Income Annual Rental: $108,306
  • Income Gross Scheduled: $108,306
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,224
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,569
Unit 3 Information
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,187
Unit 4 Information
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,370

Property History for 2964 Neet Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2964 Neet Avenue

Taxable ValueLand$76,980Additions$174,840Total$251,820
Tax Record2024$5,133 ($428 / month)
Home Facts
Total Finished SqFt3,973 SqFtAbove Grade Finished SqFt3,973 SqFtStories2Lot Size10,150 SqFtStyleQuadraplexYear Built1968ZoningRMCountySANTA CLARAAPN279-14-030Fireplace TypeHas Fireplace

Schools near 2964 Neet Avenue

This home is within Campbell Union School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Castlemont Elementary School
CharterK to 5

Monroe Middle School
Charter6 to 8

Del Mar High School
Public9 to 12

Boynton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, David K. Martz, DRE #01227292

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.