NOT LISTED FOR SALE

1188 Edsel Dr Milpitas, CA 95035

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

Sale Details

Date Sold: October 20, 2021

Last sale price $1,750,000 $585 Per Sq Ft

37 Days on Market

Highlights

  • A-Frame Home
  • Forced Air Heating System
  • Carpet
  • Alexander Rose Elementary School Rated A-
  • Coin Laundry

About This Home

As of October 2021

Welcome to 1188 Edsel Dr. a recently updated four plex in the heart of Milpitas, great long term tenants and pride of ownership within their units. The property offers a laundry room, 4 car carport, a small garden in the back. Perfect location for tenants, close to shopping, eateries, stores and freeways. All units are fully rented now.

Last Agent to Sell the Property

Lawrence Monterrosa

Redfin License #01468906 Listed on: 08/18/2021

Redfin

Last Buyer's Agent

Kim-An Truong

KW Silicon City License #01421954

KW Silicon City

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,562

Home Design

  • Quadruplex
  • A-Frame Home
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

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

Flooring

  • Carpet
  • Laminate

Parking

  • 4 Carport Spaces
  • On-Street Parking

Additional Features

  • 7,562 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $103,560
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $720
  • Insurance Expense $1,800
  • Maintenance Expense $1,000
  • Manager Expense $5,890
  • Utility Expense $5,300
  • Trash Expense $1,800
  • Operating Expense $24,329
  • Gross Income $77,670

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

7,562 Sq Ft Lot

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Style: A-Frame
  • 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
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

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

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

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): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 17.38
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1800
  • Expense Landscape: 720
  • Expense Maintenance: 1000
  • Expense Management: 5890
  • Expenses Total: 24329
  • Expenses Utility: 5300
  • Expense Trash: 1800
  • Income Annual Gross: 77670.00
  • Income Annual Rental: 103560
  • Income Gross Scheduled: 103560
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management
  • Tenant Expenses: Utilities - Electric, Utilities - Heating
  • Vacancy Factor: 25
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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
10/20/2021 10/20/21 Sold $1,750,000 -2.8% $585 / Sq Ft
09/25/2021 09/25/21 Pending -- -- --
09/20/2021 09/20/21 Price Changed $1,799,999 -4.0% $602 / Sq Ft
08/18/2021 08/18/21 For Sale $1,875,000 +13.6% $627 / Sq Ft
06/07/2019 06/07/19 Sold $1,650,000 +3.1% $551 / Sq Ft View Prior Sale
05/04/2019 05/04/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $1,599,999 0.0% $535 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $1,599,999 -- $535 / 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 $21,140 $1,857,113 $1,379,570 $477,543
2024 $21,140 $1,820,700 $1,352,520 $468,180
2023 $21,077 $1,785,000 $1,326,000 $459,000
2022 $20,986 $1,750,000 $1,300,000 $450,000
2021 $20,503 $1,700,434 $1,133,623 $566,811
2020 $20,145 $1,683,000 $1,122,000 $561,000
2019 $13,587 $1,116,964 $696,603 $420,361
2018 $12,901 $1,095,064 $682,945 $412,119
2017 $12,736 $1,073,593 $669,554 $404,039
2016 $12,227 $1,052,543 $656,426 $396,117
2015 $11,299 $966,000 $602,400 $363,600
2014 $9,738 $835,000 $535,000 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81858986

MLSListings

APN: 088-02-010

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