Lagae Real Estate/Searches/Multi-Residential

Multi-Residential Properties, Better School Districts

This search picks up the lower priced, multi-residential properties that go to some of the better school districts in the San Jose, California area. The following search criteria is used:

  1. Active listings.
  2. Asking price $800,000 or less.
  3. Elementary school districts having API scores of 800+ (most schools in the district.)
    • Berryessa Union Elementary.
    • Cambrian Elementary.
    • Campbell Union Elementary.
    • Cupertino Union School.
    • Evergreen Elementary.
    • Loma Prieta Joint Union Elementary.
    • Los Altos Elementary.
    • Los Gatos Union Elementary.
    • Milpitas Unified.
    • Moreland Elementary.
    • Mountain View-Whisman Elementary.
    • Palo Alto Unified.
    • Santa Clara Unified.
    • Saratoga Union Elementary.
    • Sunnyvale Elementary.
    • Union Elementary.

Note that a residential mortgage can be used to purchase a property with one to four units. Five or more units will require a commercial loan as such properties are considered commercial. Most properties have four or fewer units, but every now and again this search will pick up some commercial properties.

PDF Instructions

The links below are to the .pdf files that contain the specified searches. If your browser is equipped to display .pdf files you can simply click on the link to see the file. Use your browser's back button to return to this page.

If your browser can't display .pdf files you can download the file to your computer and use Adobe Reader or a similar program to view the file. If you have any problems with any of these files please let me know.

If you would like to view any of these properties I would be happy to show them to you. Just let me know which ones you're interested in and we'll go from there.

February 18, 2010

There's a recent addition that you may be interested in. 3829 Williams Road in San Jose is a fourplex with one 3 bed/2 bath unit and three 2 bed/1 bath units. The asking price is $628,888.

The .pdf files below contain the MLS info on these properties.

This evening's search brings up the same two, six unit properties we've been seeing, 13 fourplex properties and two triplex properties. There have been some new properties since the last update.

There are now 23 active listings of duplex properties that were found this afternoon.

February 10, 2010

Two fourplexes came on the market today that some of you may be interested in. The first is at 2342 West William Drive in Santa Clara. All of the units are 2/1. This is a short sale that originally went pending back in August. The asking price now has been lowered a little from $715,000 to $685,000.

There's also 3208 Moorpark Avenue in San Jose, also all 2/1 units. This is a normal sale with an asking price of $758,000. The property has been off the market for almost a year. When the listing was cancelled last March the askng price had been $860,000.

The .pdf files below contain the MLS info on these properties.

February 8, 2010

This afternoon's search brings up the same two, six unit properties we've been seeing, nine fourplex properties and two triplex properties.

2246 Deborah Drive in Santa Clara is a fourplex with all 2/1 units. It had been pending but just recently came back on the market and today the asking price was lowered to $677,000. It is a short sale, but is stated to be an approved short sale. This means that the lender has already looked at a previous offer and they came to some agreement regarding the price and terms they'd accept. The expectation is that this could close reasonably quickly with the right offer.

1363 San Tomas Aquino Parkway in San Jose is another fourplex with all 2/1 units that came on the market, again, last week with an asking price of $775,000. It's in a nice location and is stated to be well maintained. It may also be possible to assume a loan with a balance of roughly $422,000 at 3.131%.

There are now 20 active listings of duplex properties that were found this afternoon.

January 25, 2010

This evening's search brings up two six unit properties, three triplex units and ten fourplex properties. The short sale fourplex at 662 Johanna Avenue in Sunnyvale just came back on the market for $719,000. It originally went pending back in March of last year and then again in October. All of the units are 2/1 and rent between $1,100 and $1,300.

There are now 21 active listings of duplex properties that were found this evening. There are no new properties here, although a few have gone pending since the previous update.

January 19, 2010

Today's search brings up two six unit properties, four triplex units and nine fourplex properties. The fourplex at 3701 Lafayette Street just came back on the market and may be worth a look.

There are now 25 active listings of duplex properties that were found today. A few were added since last update while some others have gone pending or have lowered their asking prices.

January 10, 2010

This evening's search brings up a just listed triplex at 4248 Hamilton Avenue in San Jose for $679,000. It certainly seems to be a very nice property and would make a nice investment for someone. This is just down the street from 4336 Hamilton Avenue that came on the market a few weeks back for $695,000. Both of these properties have a 1/1 and two 2/1 units. Below are all of the triplexes, fourplexes and a couple of six unit properties listed for $800,000 or less.

There are now 22 active listings of duplex properties that were found today. A few were added since last time while some others have gone pending.

December 23, 2009

This evening's search brings up a just listed fourplex in Los Gatos. There's a 3/2 unit, two 2/1s and a 1/1. Would make a nice property to live in the largest unit and rent out the other three units. This is a short sale so it would probably take a little longer than normal to close escrow.

There are now 25 active listings of duplex properties that were found today. A couple of the newest ones are short sales.

December 18, 2009

Today's search brings up two commercial properties, 12 fourplexes and three triplexes as active listings.

There are also 22 active listings of duplex properties that were found today.

December 17, 2009

Today's search brings up 38 active listings. Two are commercial properties, 12 are fourplexes and most of the rest are duplexes.

December 12, 2009

Today's search brings up 38 active listings. Two are commercial properties, 12 are fourplexes and most of the rest are duplexes. The list is very similar to the last update, with the notable exception of 4336 Hamilton Avenue in Campbell that came on the market today. It's a triplex (2/1, 2/1 & 1/1) with an asking price of $695,000)




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