523 Page Street

San Jose, CA 95126

$3,300,000
Price
Beds
7,616 Sq. Ft.
$433 / Sq. Ft.
7,616
Sq. Ft.
$433
per Sq. Ft.

Description

Introducing 523 Page Street, a highly-renovated 10 unit apartment building in the heart of Silicon Valley. The property contains a desirable unit mix of (8) 2 bedrooms/1 bath units and (2) 1 bedroom/1 bath units on a generous 13,400 square foot parcel. 9 of the 10 unit interiors have been thoughtfully modernized including kitchen cabinets, stone countertops, stainless steel appliances (select units) etc., LVP or carpet flooring, and the bathrooms contain new vanities, shower bath surround, etc.,...Introducing 523 Page Street, a highly-renovated 10 unit apartment building in the heart of Silicon Valley. The property contains a desirable unit mix of (8) 2 bedrooms/1 bath units and (2) 1 bedroom/1 bath units on a generous 13,400 square foot parcel. 9 of the 10 unit interiors have been thoughtfully modernized including kitchen cabinets, stone countertops, stainless steel appliances (select units) etc., LVP or carpet flooring, and the bathrooms contain new vanities, shower bath surround, etc., upgraded interior doors and closet doors, and recessed lighting (most units). Units 1 and 6 have large private patios and all units have individual water heaters. Each building exterior recently received a fresh coat of paint, possess double pane windows throughout, and the grounds are easily maintained with drought tolerant landscaping. Tenants benefit from a new laundry facility with owned laundry equipment attractive flooring. parking: (6) carport spaces, (4) tuck under spaces with storage lockers and (2) uncovered spaces.
  1. Listed by Steve Zirelli • DRE #01929245 • Brokerage DRE #00586119 • Cornish & Carey Commercial • 650-224-3118
  2. Listed by Joel Hopman • DRE #01934574 • Brokerage DRE #00586119 • Newmark Cornish & Carey

Property Details for 523 Page Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
2
LISTING UPDATED: 12/14/2024 01:31 PM

Property Details for 523 Page Street

StatusPending ( Do Not Show )
MLS #ML81984031
Days on Compass55
Taxes$43,009 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.31 AC / 13,400 SF
CountySanta Clara County

Building Information for 523 Page Street

Stories-Residences-Year Built1963Building Size-Lot Size0.31 AC / 13,400 SF

Property Information for 523 Page Street

Features
Features
  • Fireplace: No
  • Living SqFt: 7616
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Carport, Covered Parking, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 10
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 523
  • Street Name: Page
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 7616
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 277-19-033
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95126
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter, Crawl Space
  • Lot Acres: .31
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 9
General Information
  • Annual Tax Amount: $43,009
  • Capitalization Rate: 4.81
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,331
  • Expense Landscape: $2,205
  • Expense Maintenance: $8,282
  • Expense Management: $4,000
  • Expense Trash: $0
  • Expenses Other: $5,326
  • Expenses Utility: $14,524
  • Expenses Total: $82,677
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance
  • Gross Rent Multiplier: 13.26
  • Income Annual Gross: $241,344
  • Income Annual Rental: $247,608
  • Income Gross Scheduled: $248,808
  • Income Other: $1,200
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,649
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,945

Property History for 523 Page Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 523 Page Street

Taxable ValueLand$1,479,743Additions$609,305Total$2,089,048
Tax Record2024$29,030 ($2,419 / month)
Home Facts
Total Finished SqFt7,616 SqFtAbove Grade Finished SqFt7,616 SqFtStories2Lot Size13,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningR3CountySANTA CLARAAPN277-19-033Fireplace TypeHas Fireplace

Schools near 523 Page Street

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Merritt Trace Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Middle College High School
Public11 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.

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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 Cornish & Carey Commercial, Steve Zirelli, DRE #01929245; Newmark Cornish & Carey, Joel Hopman, DRE #01934574

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.