NOT LISTED FOR SALE

1028 Montebello Dr Gilroy, CA 95020

6 Beds
4 Baths
2,426 Sq Ft
8,050 Sq Ft Lot

Last Sold December 17, 2019

Last sale price $883,000 $364 Per Sq Ft

2 Days on Market

Highlights

  • Traditional Architecture
  • Wet Bar
  • Level Lot
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Grass Covered Lot

About This Home

As of December 2019

Great investment opportunity! Both units are 3 bed/2 bath, approximately 1200 square feet with large, private rear yards. Units have an attached garage (one unit is a 1 car garage, the other a 2 car garage), fireplace in the living room and interior laundry. Recently installed carpet and fresh paint in one unit. This property has a great central location for rental units as it is within 1/2 mile walk to schools, shopping centers and is close to bus stops & grocery stores.

Last Agent to Sell the Property

Steve Toste

Coldwell Banker Realty License #00595095 Listed on: 11/06/2019

Last Buyer's Agent

Jag Saggi

Reliable Real Estate Services License #01425900

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 8,050 Sq Ft Lot
  • Level Lot
  • Sprinkler System
  • Grass Covered Lot
  • Back Yard

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,426 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $50,100

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Manager Expense $3,500
  • Operating Expense $10,448
  • Gross Income $50,100

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

0

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2426
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Kitchen: Countertop - Other, Dishwasher, Garbage Disposal, Oven Range - Electric
  • Living Sq Ft: 2426
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Low Maintenance, Sprinklers - Lawn
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Forced Air - Gas
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Wet Bar

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1848
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8048.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8048.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 17.56
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 1200
  • Expense Maintenance: 1000
  • Expense Management: 3500
  • Expenses Total: 10448
  • Income Annual Gross: 50100.00
  • Income Annual Rental: 50100
  • Income Gross Scheduled: 50100
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2019 12/17/19 Sold $883,000 +0.4% $364 / Sq Ft
11/09/2019 11/09/19 Pending -- -- --
11/07/2019 11/07/19 For Sale $879,900 -0.4% $363 / Sq Ft
11/07/2019 11/07/19 Off Market $883,000 -- --
11/06/2019 11/06/19 For Sale $879,900 -- $363 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Steve Toste

    Coldwell Banker Realty

  • Jag Saggi

    Buyer's Agent in 2019

    Jag Saggi

    Reliable Real Estate Services

    (408) 497-2946

    3 in this area

    39 Total Sales

    Jag Saggi
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81774724

MLSListings

APN: 808-28-035

California Santa Clara County Gilroy 95020

1028 Montebello Dr, Gilroy, CA

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