NOT LISTED FOR SALE

1109 Shirley Dr Milpitas, CA 95035

8 Beds
4 Baths
2,992 Sq Ft
7,562 Sq Ft Lot

Last Sold September 13, 2017

Last sale price $1,430,000 $478 Per Sq Ft

7 Days on Market

Highlights

  • Coin Laundry
  • Alexander Rose Elementary School Rated A-
  • 3-minute walk to Selwyn Park

About This Home

As of September 2017

***DRIVE BY ONLY***, please do not disturb good tenants. Great opportunity for first time buyers to live in 1 and rent the other 3, and possibly living free. Great potential for first time investor. Property needs TLC. Current rents are way below market rate. Market rent is between $2,100 - $2,450. Close to 680, shopping center and schools.

Last Agent to Sell the Property

Abby Chin

MRL Group, Inc. License #01148568 Listed on: 08/08/2017

Last Buyer's Agent

Benjamin Wang

Lexicon Homes License #01038244

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,562 Sq Ft Lot

Home Design

  • 2,992 Sq Ft Home
  • Quadruplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Parking

  • 4 Carport Spaces
  • On-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $87,300

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,228
  • Other Expense $1,360
  • Utility Expense $3,814
  • Trash Expense $2,422
  • Operating Expense $18,568
  • Gross Income $87,300

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

7,562 Sq Ft Lot

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 2992
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: On Street
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer In Street

Lot Info

  • Lot Acres: 0.1736
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7560.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7560.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.27
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1228
  • Expense Landscape: 600
  • Expenses Other: 1360
  • Expenses Total: 18568
  • Expenses Utility: 3814
  • Expense Trash: 2422
  • Income Annual Gross: 87300.00
  • Income Annual Rental: 87300
  • Income Gross Scheduled: 87300
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Equipment - Purchase, Fee - Property Tax, Insurance, Maintenance - Laundry, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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 Prior Sale
09/13/2017 09/13/17 Sold $1,430,000 +0.7% $478 / Sq Ft
08/16/2017 08/16/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $1,420,000 0.0% $475 / Sq Ft
08/10/2017 08/10/17 Pending -- -- --
08/08/2017 08/08/17 For Sale $1,420,000 +121.9% $475 / Sq Ft
01/08/2013 01/08/13 Sold $639,900 0.0% $214 / Sq Ft View Prior Sale
07/30/2012 07/30/12 Pending -- -- --
07/28/2012 07/28/12 For Sale $639,900 -- $214 / Sq Ft
Source: MLSListings

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 $18,564 $1,627,091 $1,058,178 $568,913
2024 $18,564 $1,595,188 $1,037,430 $557,758
2023 $18,507 $1,563,911 $1,017,089 $546,822
2022 $18,429 $1,533,247 $997,147 $536,100
2021 $18,163 $1,503,185 $977,596 $525,589
2020 $17,847 $1,487,772 $967,572 $520,200
2019 $17,642 $1,458,600 $948,600 $510,000
2018 $16,747 $1,430,000 $930,000 $500,000
2017 $9,525 $795,778 $477,467 $318,311
2016 $9,144 $780,175 $468,105 $312,070
2015 $9,053 $768,457 $461,074 $307,383
2014 $8,815 $753,405 $452,043 $301,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81673170

MLSListings

APN: 088-03-029

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