NOT LISTED FOR SALE
8 Beds
4 Baths
2,992 Sq Ft
7,579 Sq Ft Lot

Sale Details

Date Sold: March 15, 2017

Last sale price $1,405,000 $470 Per Sq Ft

14 Days on Market

Highlights

  • Coin Laundry
  • Rancho Milpitas Middle School Rated A
  • 5-minute walk to Selwyn Park

About This Home

As of March 2017

Well maintained the property consists of 2,992 square-feet of livable space situated on a 7,560 square-foot lot. The subject property consists of all two-bedroom/ one-bathroom units, an on-site laundry room, and covered car-port spaces for each unit. Two out of the four units have undergone interior renovations which include granite countertops, new cabinets, as well as new tile flooring in the kitchens and bathrooms. The property is located less than 3 miles from the new BART station and the Great Mall.

Last Agent to Sell the Property

Nathan Gustavson

Marcus & Millichap License #01898316 Listed on: 01/13/2017

Marcus & Millichap

Last Buyer's Agent

Dafna Mizrahi

Coldwell Banker Realty License #00605924

Coldwell Banker Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,579 Sq Ft Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Carport Spaces
  • On-Street Parking

Utilities

  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $93,600

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $1,000
  • Maintenance Expense $1,800
  • Other Expense $1,118
  • Utility Expense $4,398
  • Trash Expense $2,604
  • Operating Expense $27,671
  • Gross Income $91,490

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

7,579 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
  • Stories: 2
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1740
  • 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: 15.27
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1000
  • Expense Maintenance: 1800
  • Expenses Other: 1118
  • Expenses Total: 27671
  • Expenses Utility: 4398
  • Expense Trash: 2604
  • Income Annual Gross: 91490.00
  • Income Annual Rental: 93600
  • Income Gross Scheduled: 94320
  • Income Includes: Laundry
  • Income Other: 720
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
$1,405,000 First American Title Company
Nguyen Trung N -- None Available
Nguyen Thang -- Fidelity National Title Ins
Nguyen Trung N -- Fidelity National Title Ins
Nguyen Trung N $845,000 Fidelity National Title Ins
Wong Shui Yee -- --
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
Open $795,000
Closed Zimmerman Michael $798,000
Previous Owner Nguyen Trung N $650,000
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
03/15/2017 03/15/17 Sold $1,405,000 -2.4% $470 / Sq Ft
01/28/2017 01/28/17 Pending -- -- --
01/13/2017 01/13/17 For Sale $1,440,000 -- $481 / 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 $19,030 $1,663,229 $1,065,414 $597,815
2025 $18,603 $1,630,618 $1,044,524 $586,094
2024 $18,603 $1,598,646 $1,024,044 $574,602
2023 $18,547 $1,567,301 $1,003,965 $563,336
2022 $18,468 $1,536,571 $984,280 $552,291
2021 $18,202 $1,506,443 $964,981 $541,462
2020 $17,885 $1,490,997 $955,087 $535,910
2019 $17,679 $1,461,762 $936,360 $525,402
2018 $16,782 $1,433,100 $918,000 $515,100
2017 $12,058 $1,014,876 $450,389 $564,487
2016 $11,575 $994,977 $441,558 $553,419
2015 $11,299 $966,000 $428,600 $537,400
2014 $9,738 $835,000 $360,000 $475,000
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81635617

MLSListings

APN: 088-02-009

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