NOT LISTED FOR SALE

1185 Shirley Dr Milpitas, CA 95035

8 Beds
-- Bath
2,992 Sq Ft
8,712 Sq Ft Lot

Last Sold May 29, 2013

Last sale price $826,000 $276 Per Sq Ft

10 Days on Market

Highlights

  • Laundry Facilities
  • Wall to Wall Carpet
  • 4-minute walk to Selwyn Park
  • Alexander Rose Elementary School Rated A-

About This Home

As of May 2013

Well located 4plex with (4) 2 bedroom units-Long term tenants with significant upside in rents. Fresh exterior paint. Excellent rental location-just a short walk to several retail centers-Quick access to Highways 880 and & 237. Great unit mix with functional floor plans. Very low vacancy in this rental market.

Last Agent to Sell the Property

Patrick Conkin

Cassidy Turley Northern California, Inc. License #00922897 Listed on: 04/15/2013

Cassidy Turley Northern California, Inc.

Last Buyer's Agent

Joseph Yen

Compass License #01136969

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 8,712

Parking

  • Carport

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $52,680
  • The owner pays for electric, garbage, gas, hot water, water

Community Details

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $2,500
  • Utility Expense $1,450
  • Trash Expense $1,900
  • Operating Expense $18,230
  • Gross Income $53,760

Additional Features

  • 2,992 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 276.07
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Oven Range, Varies By Unit, Refrigerator
  • Living Sq Ft: 2992
  • Stories: 2
  • Laundry: Washer/Dryer - Owned Coin-Op, Community Facility
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport, Spaces Per Unit - 1

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Storage Locker

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9072.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9072.00
  • Lot Size Area Min Search: 9072.00
  • Maximum Lot Size: 9072.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.23

Multi Family

  • Expense Insurance: 1200
  • Expense Maintenance: 2500
  • Expenses Total: 18230
  • Expenses Utility: 1450
  • Expense Trash: 1900
  • Expense Water Sewer: 2000
  • Income Annual Gross: 53760.00
  • Income Annual Rental: 52680
  • Income Gross Scheduled: 53760
  • Income Includes: Laundry, Lease
  • Income Laundry: 1080
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Insurance, Accounting/Legal, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Electric, Garbage, Gas, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Electric
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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
05/29/2013 05/29/13 Sold $826,000 +8.0% $276 / Sq Ft
04/25/2013 04/25/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $765,000 -- $256 / 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 $11,731 $1,017,149 $615,709 $401,440
2024 $11,731 $997,206 $603,637 $393,569
2023 $11,695 $977,653 $591,801 $385,852
2022 $11,647 $958,485 $580,198 $378,287
2021 $11,480 $939,692 $568,822 $370,870
2020 $11,281 $930,058 $562,990 $367,068
2019 $11,153 $911,822 $551,951 $359,871
2018 $10,593 $893,944 $541,129 $352,815
2017 $10,457 $876,417 $530,519 $345,898
2016 $10,039 $859,233 $520,117 $339,116
2015 $9,938 $846,328 $512,305 $334,023
2014 $9,679 $829,750 $502,270 $327,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81312231

MLSListings

APN: 088-03-021

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