994 Gretchen Lane

San Jose, CA 95117

$1,210,000
Last Sold Price
Beds
1,536 Sq. Ft.
$788 / Sq. Ft.
1,536
Sq. Ft.
$788
per Sq. Ft.

Description

One unit vacant, open Tuesday 8/18/2020 1PM-2:30PM & Thursday 8/20/2020 1PM-2:30PM Marcus & Millichap is pleased to present 994-996 Gretchen Ln, a conveniently located duplex in the Blackford neighborhood of West San Jose. The property consists of 2 two-bedroom, 1-bathroom units with separate washer/dryer, garage, and private fenced yards. 994 Gretchen Ln will be delivered vacant, while unit 996 is currently receiving market rent from long term tenants. The perfect opportunity for an investor or...One unit vacant, open Tuesday 8/18/2020 1PM-2:30PM & Thursday 8/20/2020 1PM-2:30PM Marcus & Millichap is pleased to present 994-996 Gretchen Ln, a conveniently located duplex in the Blackford neighborhood of West San Jose. The property consists of 2 two-bedroom, 1-bathroom units with separate washer/dryer, garage, and private fenced yards. 994 Gretchen Ln will be delivered vacant, while unit 996 is currently receiving market rent from long term tenants. The perfect opportunity for an investor or owner-user, this property is priced to sell quickly. Recent closings for duplex properties on/surrounding Gretchen Ln range between $1455000- $1800000, with many updates to surrounding 2-unit properties.
  1. Listed by Philip Batlin • DRE #01873218 • Brokerage DRE #01240999 • Marcus & Millichap • 415-625-2189

Property Details for 994 Gretchen Lane

MLS City Name
SAN JOSE
Building Type
DUPLEX
Garage Spaces
2
Parking Spaces
0
LISTING UPDATED: 09/21/2020 04:04 PM

Property Details for 994 Gretchen Lane

StatusSold
MLS #ML81801233
Days on Compass40
Taxes$14,300 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1960
Lot Size0.16 AC / 7,027 SF
CountySanta Clara County

Building Information for 994 Gretchen Lane

Stories1Residences2Year Built1960Building Size-Lot Size0.16 AC / 7,027 SF

Property Information for 994 Gretchen Lane

Features
Features
  • Communications: None
  • Fireplace: No
  • Living SqFt: 1536
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Campbell
  • Roof: Shingle
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 994
  • Street Name: Gretchen
  • Street Suffix: Lane
  • Area ID: 15
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 1536
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R2
Location Information
  • Parcel Number: 299-36-015
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95117
  • Elementary School District: 464
  • High School District Text: Campbell Union High
Lot Information
  • Foundation: Wood Frame
  • Horse Property: No
  • Lot Acres: .16
  • 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: 1
General Information
  • Annual Tax Amount: $14,300
  • Building Unit Total: 2
  • Capitalization Rate: 3.13
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $1,291
  • Expense Landscape: $1,440
  • Expense Maintenance: $1,500
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $600
  • Expenses Utility: $0
  • Expenses Total: $19,131
  • Operating Expenses Include: Insurance, Services - Trash Removal
  • Gross Rent Multiplier: 20.52
  • Income Annual Gross: $56,629
  • Income Annual Rental: $58,380
  • Income Gross Scheduled: $58,380
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,365
Unit 2 Information
  • Unit 2 Approx Square Footage: 800
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 800

Property History for 994 Gretchen Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 994 Gretchen Lane

Taxable ValueLand$1,114,268Additions$169,793Total$1,284,061
Home Facts
Total Finished SqFt1,536 SqFtAbove Grade Finished SqFt1,536 SqFtStories1Lot Size6,825 SqFtStyleDuplexYear Built1960ZoningR2CountySANTA CLARAAPN299-36-015Fireplace TypeHas Fireplace

Schools near 994 Gretchen Lane

This home is within Moreland School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Easterbrook Discovery
PublicK to 8

Prospect High School
Public9 to 12

Camden Community Day 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

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Similar Sold Homes

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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 Marcus & Millichap, Philip Batlin, DRE #01873218

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.