NOT LISTED FOR SALE

1085 Portola Ave Santa Clara, CA 95050

Downtown Santa Clara Neighborhood

Estimated Value: $1,187,000 - $1,422,000

2 Beds
2 Baths
1,304 Sq Ft
$998/Sq Ft Est. Value

Last Sold January 15, 2015

Last sale price $700,000 $537 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $7,830/month

43 Days on Market

Highlights

  • Baseboard Heating
  • Carpet
  • 1-Story Property

About This Home

As of January 2015

Excellent investment property that is walking distance to Santa Clara University. Property consists of a 2 bedroom 1 bath Renovated Single Family house and a detached non-conforming studio. Property is zoned R-2. Rent is based per individual. Easy to manage and rent. Great steady income with strong upside in rent growth potential.

Last Agent to Sell the Property

Justin Sieber

Cassidy Turley Northern California, Inc. License #01887998 Listed on: 10/23/2014

Last Buyer's Agent

David Yang

Legacy Real Estate & Assoc. License #00982050

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,551

Year Built

  • 1951

Lot Details

  • 3,746

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,304 Sq Ft Home
  • 1-Story Property
  • Carpet

Kitchen

  • Oven or Range
  • Dishwasher

Utilities

  • Wall Furnace
  • Baseboard Heating
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $44,700
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, water

Community Details

Overview

  • 2 Units
  • 1,304 Sq Ft Building

Building Details

  • Gardener Expense $1,080
  • Insurance Expense $522
  • Maintenance Expense $1,500
  • Utility Expense $420
  • Trash Expense $620
  • Operating Expense $13,709
  • Gross Income $43,359

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,551

Year Built

1951

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 63
  • Inspections Reports: Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1304
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 1304
  • Stories: 1
  • Laundry: Laundry Area - In Unit
  • Flooring: Carpet, Varies By Unit

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Street

Utilities

  • Heating System: Baseboard, Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Santa Clara Unified

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3740.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 3740.00
  • Lot Size Area Min Search: 3740.00
  • Maximum Lot Size: 3740.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.55

Multi Family

  • Expense Insurance: 522
  • Expense Landscape: 1080
  • Expense Maintenance: 1500
  • Expenses Total: 13709
  • Expenses Utility: 420
  • Expense Trash: 620
  • Expense Water Sewer: 1000
  • Income Annual Gross: 43359.00
  • Income Annual Rental: 44700
  • Income Gross Scheduled: 44700
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Master Electric, Master Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Water
  • Tenant Expenses: Cable Tv
  • Vacancy Amount: 1341
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2024
Sold by
Wiratno Bintara
Bought by
Bintara Wiratno Living Trust and Wiratno
Current Estimated Value
$1,301,170

Purchase Details

Listed on
Oct 23, 2014
Closed on
Jan 6, 2015
Sold by
Sieber Lisa M and Horwick Jennifer J
Bought by
Wiratno Bintara
Seller's Agent
Justin Sieber
Cassidy Turley Northern California, Inc.
Buyer's Agent
David Yang
Legacy Real Estate & Assoc.
List Price
$695,000
Sold Price
$700,000
Premium/Discount to List
$5,000
0.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
Nov 14, 2011
Sold by
Petro Jeffrey
Bought by
Sieber Lisa M and Hurwick Jennifer J

Purchase Details

Closed on
Apr 22, 1999
Sold by
Ann Liang
Bought by
Petro Jeffrey and Petro Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,800
Interest Rate
6.96%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Bintara Wiratno Living Trust -- None Listed On Document
Wiratno Bintara $700,000 Chicago Title Company
Sieber Lisa M $339,750 Old Republic Title Company
Petro Jeffrey $242,000 Old Republic Title Company
Liang Ann -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wiratno Bintara $90,000
Previous Owner Petro Jeffrey $180,000
Previous Owner Petro Jeffrey $192,800
Closed Petro Jeffrey $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2015 01/15/15 Sold $700,000 +0.7% $537 / Sq Ft
12/05/2014 12/05/14 Pending -- -- --
10/23/2014 10/23/14 For Sale $695,000 -- $533 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $9,551 $841,287 $504,773 $336,514
2024 $9,551 $824,792 $494,876 $329,916
2023 $9,404 $808,621 $485,173 $323,448
2022 $9,320 $792,766 $475,660 $317,106
2021 $9,174 $777,223 $466,334 $310,889
2020 $9,037 $769,255 $461,553 $307,702
2019 $8,838 $754,172 $452,503 $301,669
2018 $8,816 $739,385 $443,631 $295,754
2017 $8,750 $724,888 $434,933 $289,955
2016 $8,599 $710,675 $426,405 $284,270
2015 $4,319 $355,333 $261,275 $94,058
2014 $4,263 $348,373 $256,157 $92,216
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Justin Sieber

    Cassidy Turley Northern California, Inc.

    Section Image

  • D

    Buyer's Agent in 2015

    David Yang

    Legacy Real Estate & Assoc.

    (510) 502-1961

    9 Total Sales

    David Yang
    Section Image
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Map

Source: MLSListings

MLS Number: ML81438251

MLSListings

APN: 230-16-040

California Santa Clara County Santa Clara 95050 Downtown Santa Clara

1085 Portola Ave, Santa Clara, CA

This home is located at 1085 Portola Ave, Santa Clara, CA 95050 since 23 October 2014 and is currently estimated at $1,301,170, approximately $997 per square foot. This property was built in 1951. 1085 Portola Ave is a home located in Santa Clara County with nearby schools including Merritt Trace Elementary, Herbert Hoover Middle School, and Abraham Lincoln High.

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