M
Seller's Agent in 2016
Melinda Collins
Songs Realty & Inv Co
1148 Edsel Dr Milpitas, CA 95035
8
Beds
4
Baths
2,992
Sq Ft
7,579
Sq Ft Lot
About This Home
As of December 2016Great opportunity to invest in a 4-Unit Apartment building in Milpitas. This fourplex currently has below-market rents. Owner will realize higher cash flow as soon as rents are at market rents. Seller will repair driveway or give Buyer credit. Buyer may also purchase another fourplex next door sharing the same driveway.
Last Agent to Sell the Property
Melinda Collins
Songs Realty & Inv Co License #01178494 Listed on: 09/01/2016
Co-Listed By
Vince Songcayawon
Songs Realty & Inv Co License #00795030
Last Buyer's Agent
Judie Wertheimer
Werthmeimer, Judie License #00855991
Property Details
Home Type
- Multi-Family
Year Built
- 1963
Lot Details
- 7,579
Home Design
- Quadruplex
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,992 Sq Ft Home
- 2-Story Property
- Fire and Smoke Detector
Parking
- 2 Parking Spaces
- 4 Carport Spaces
Additional Features
- 7,579 Sq Ft Lot
- Heating System Uses Gas
Listing and Financial Details
- Total Actual Rent $74,400
Community Details
Overview
Building Details
- 4 Leased Units
- Gardener Expense $600
- Insurance Expense $2,455
- Maintenance Expense $3,600
- Manager Expense $5,244
- Other Expense $617
- Utility Expense $5,206
- Trash Expense $1,767
- Operating Expense $25,253
- Gross Income $72,912
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/14/2016 12/14/16 | Sold | $1,190,000 | -16.5% | $398 / Sq Ft |
| 10/18/2016 10/18/16 | Pending | -- | -- | -- |
| 09/01/2016 09/01/16 | For Sale | $1,425,000 | -- | $476 / 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 | $15,808 | $1,381,094 | $928,467 | $452,627 |
| 2024 | $15,808 | $1,354,014 | $910,262 | $443,752 |
| 2023 | $15,760 | $1,327,465 | $892,414 | $435,051 |
| 2022 | $15,694 | $1,301,437 | $874,916 | $426,521 |
| 2021 | $15,468 | $1,275,919 | $857,761 | $418,158 |
| 2020 | $15,199 | $1,262,837 | $848,966 | $413,871 |
| 2019 | $15,025 | $1,238,076 | $832,320 | $405,756 |
| 2018 | $14,265 | $1,213,800 | $816,000 | $397,800 |
| 2017 | $14,082 | $1,190,000 | $800,000 | $390,000 |
| 2016 | $5,822 | $486,642 | $158,509 | $328,133 |
| 2015 | $5,764 | $479,334 | $156,129 | $323,205 |
| 2014 | $5,607 | $469,945 | $153,071 | $316,874 |
Source: Public Records
Agents Affiliated with this Home
-
-
V
Seller Co-Listing Agent in 2016
Vince Songcayawon
Songs Realty & Inv Co
-
J
Buyer's Agent in 2016
Judie Wertheimer
Werthmeimer, Judie
Map
Source: MLSListings
MLS Number: ML81612579
APN: 088-02-007
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