NOT LISTED FOR SALE
10 Beds
6 Baths
4,388 Sq Ft
9,095 Sq Ft Lot

Last Sold October 14, 2019

Last sale price $1,980,000 $451 Per Sq Ft

32 Days on Market

About This Home

As of October 2019

The Multifamily Team of Colliers International is pleased to present the opportunity to acquire 1050 Clyde Avenue, a 4-plex apartment building in the highly desirable North Santa Clara neighborhood. This property is also owned by the same owner as 1080 Clyde and can be purchased separately or together. Constructed in 1963, the property consists of two (2) three-bedroom/two-bathroom units and two (2) two-bedroom/one-bathroom units on a 8,235 square foot lot. The building is composed of a wood-frame construction with a single-ply flat roof and has a gross-livable area of 4,388 square feet. The South Bay is home to some of the largest employers in the country including: Adobe, Nividia, Advanced Micro Devices, Intel Corp, Ebay, Cisco Systems and many more. The investment appeal of this asset is driven by Santa Claras strong employment fundamentals and low vacancy levels.

Last Agent to Sell the Property

Eric Katz

Colliers Parrish International License #01900078 Listed on: 08/30/2019

Last Buyer's Agent

Eric Katz

Colliers Parrish International License #01900078 Listed on: 08/30/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 9,095 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,388 Sq Ft Home
  • 2-Story Property

Utilities

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

Listing and Financial Details

  • Total Actual Rent $149,592
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,309
  • Maintenance Expense $2,000
  • Utility Expense $10,457
  • Operating Expense $38,162
  • Gross Income $148,061

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4388
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 4388
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter, Post And Pier
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Acres: 0.2088
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9095.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9095.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 13.10
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1309
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expenses Total: 38162
  • Expenses Utility: 10457
  • Income Annual Gross: 148061.00
  • Income Annual Rental: 149592
  • Income Gross Scheduled: 149592
  • Income Includes: Laundry, Rents
  • Income Other: 3048
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
10/14/2019 10/14/19 Sold $1,980,000 -1.0% $451 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
08/30/2019 08/30/19 For Sale $2,000,000 -- $456 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81766560

MLSListings

APN: 101-22-107