NOT LISTED FOR SALE
9 Beds
8 Baths
5,254 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: March 11, 2021

Last sale price $2,800,000 $533 Per Sq Ft

17 Days on Market

Highlights

  • Granite Countertops
  • 5 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Louis E. Stocklmeir Elementary School Rated A-

About This Home

As of March 2021

DO NOT GO DIRECT! Exceptional opportunity to own income-producing four-plex in the heart of Silicon Valley less than a mile from Apples Cupertino HQ & close to tech giants: Google, LinkedIn, Amazon, & Microsoft. Near top-rated schools in Cupertino Union School District & half mile to 18-acre Ortega Park. End of cul-de-sac location. 5,254+/- total SF on .26 acres. 1 unit = 1626 +/- sf w/3 bds, 2 bths, eat-in kitchen, dining, family, living rooms & 2-car garage. 3 units = 1207+/- sf each and feature 2 bds, 1.5 bths, including master bedroom w/walk-in closet & 1-car garage. Each unit has private backyard, fireplace w/brick surround, prefinished & carpeted flrs, in-unit washer/dryer hookups, central heating and AC or window AC. Convenient access to Highways 82, 85 & 280. 11 miles to San Jose Intl Airport. 10 minutes to Santana Row shopping & restaurants. Fabulous cash flow and investment. Estimated real estate taxes listed in the mls are an approximate amount based on a 2.5 sales price.

Last Agent to Sell the Property

Alex Bouja

Golden Gate Sotheby's International Realty License #01744054 Listed on: 01/22/2021

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Odrina Bebleh

Intero Real Estate Services License #01734927

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1967

Lot Details

  • 11,151 Sq Ft Lot

Parking

  • 5 Car Attached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,254 Sq Ft Home
  • 2-Story Property
  • Granite Countertops
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $142,680

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $2,640
  • Insurance Expense $3,287
  • Maintenance Expense $2,000
  • Other Expense $3,200
  • Trash Expense $4,000
  • Operating Expense $46,377
  • Gross Income $139,826

Property Details

Home Type

Multi-Family

Year Built

1967

Lot Details

0.26 Acres

Parking

5

Listing Details

  • Zoning: R2PD
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5254
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Interior Features

  • Kitchen: Countertop - Granite
  • Living Sq Ft: 5254
  • Stories: 2
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 5
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

  • Cooling System: Central Ac, Window / Wall Unit
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • High School: 257

Lot Info

  • Lot Acres: 0.2560
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11152.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11152.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 17.52
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 3287
  • Expense Landscape: 2640
  • Expense Maintenance: 2000
  • Expenses Other: 3200
  • Expenses Total: 46377
  • Expense Trash: 4000
  • Income Annual Gross: 139826.00
  • Income Annual Rental: 142680
  • Income Gross Scheduled: 142680
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2021
Closed on
Mar 9, 2021
Sold by
Bought by
Seller's Agent
Alex Bouja
Golden Gate Sotheby's International Realty
Buyer's Agent
Odrina Bebleh
Intero Real Estate Services
List Price
$2,500,000
Sold Price
$2,800,000
Premium/Discount to List
$300,000
12%

Purchase Details

Closed on
Apr 15, 1998
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,800,000 Chicago Title Company
$650,000 Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $785,000
Previous Owner $426,000
Previous Owner $485,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/11/2021 03/11/21 Sold $2,800,000 +12.0% $533 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $2,500,000 -- $476 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $35,421 $3,091,424 $1,545,712 $1,545,712
2025 $34,464 $3,030,808 $1,515,404 $1,515,404
2024 $34,464 $2,971,382 $1,485,691 $1,485,691
2023 $34,210 $2,913,120 $1,456,560 $1,456,560
2022 $33,737 $2,856,000 $1,428,000 $1,428,000
2021 $11,757 $958,838 $479,419 $479,419
2020 $11,624 $949,008 $474,504 $474,504
2019 $11,371 $930,400 $465,200 $465,200
2018 $11,112 $912,158 $456,079 $456,079
2017 $11,061 $894,274 $447,137 $447,137
2016 $10,720 $876,740 $438,370 $438,370
2015 $10,662 $863,572 $431,786 $431,786
2014 $10,403 $846,656 $423,328 $423,328
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81826921

MLSListings

APN: 309-39-003

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