NOT LISTED FOR SALE
7 Beds
5 Baths
3,535 Sq Ft
8,102 Sq Ft Lot

Last Sold March 24, 2017

Last sale price $1,525,000 $431 Per Sq Ft

8 Days on Market

Highlights

  • Enclosed Parking
  • Storage Room
  • Forced Air Heating System
  • George C. Payne Elementary School Rated A-
  • Tile Flooring
  • Coin Laundry

About This Home

As of March 2017

Large Deluxe Fourplex With Owner's Unit #1 with fireplace/forced air heat/eat-in area in kitchen/front & rear private yard, Unit #2 downstairs with private yard, Unit #3 upstairs with private patio/new carpet & new interior paint, and Unit #4 upstairs with large private patio & enclosed parking space/storage. All spacious units! Upside potential in rents! Carport spaces & Extra uncovered parking! Campbell Schools & Services! Conveniently located near shopping/restaurants-within walking distance & highways/Expressway! New Composition roof installed in 2013! Large 8,100sf lot! Property has been in the family for over 18 years! Recent Inspections Reports & Disclosures available.

Last Agent to Sell the Property

Joe Pollifrone

Christie's International Real Estate Sereno License #00889153 Listed on: 01/19/2017

Christie's International Real Estate Sereno

Last Buyer's Agent

Royce Cablayan

Christie's International Real Estate Sereno License #01062078

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 8,102 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage
  • 4 Carport Spaces
  • Enclosed Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,535 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $79,860
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $921
  • Insurance Expense $3,292
  • Maintenance Expense $2,815
  • Manager Expense $4,671
  • Utility Expense $1,335
  • Trash Expense $1,517
  • Operating Expense $28,540
  • Gross Income $77,785

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Parking

1

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3535
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Cooktop - Electric, Hood Over Range, Oven - Electric, Refrigerator
  • Living Sq Ft: 3535
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Carport, Enclosed
  • Carport Min: 4

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air - Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1860
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8100.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8100.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.69
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3292
  • Expense Landscape: 921
  • Expense Maintenance: 2815
  • Expense Management: 4671
  • Expenses Total: 28540
  • Expenses Utility: 1335
  • Expense Trash: 1517
  • Income Annual Gross: 77785.00
  • Income Annual Rental: 79860
  • Income Gross Scheduled: 80191
  • Income Includes: Coin Operated Equip, Laundry
  • Income Other: 331
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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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 Change Sq Ft Price
03/24/2017 03/24/17 Sold $1,525,000 +1.7% $431 / Sq Ft
01/28/2017 01/28/17 Pending -- -- --
01/19/2017 01/19/17 For Sale $1,499,000 -- $424 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81636148

MLSListings

APN: 307-50-060