NOT LISTED FOR SALE

1342 Daniel Ct Milpitas, CA 95035

9 Beds
12 Baths
5,013 Sq Ft
9,583 Sq Ft Lot

Last Sold March 27, 2015

Last sale price $2,000,000 $399 Per Sq Ft

51 Days on Market

Highlights

  • Mountain View
  • Contemporary Architecture
  • Wood Flooring
  • William Burnett Elementary School Rated A
  • Vaulted Ceiling
  • Corian Countertops

About This Home

As of March 2015

4-Unit income property that was built in 1980,totally upgraded at the end of 2014. with over 5,000 sq.ft. of living space with numerous capital improvements, unit mix (1) 3 beds/2.5 baths & (3) 2 beds/2.5 baths townhouse style units with garages,patios,balconies,fireplaces,newly updated kitchen & baths with an addition of half a bath down-stairs for guests (with permits)*Very Well-maintained & professionally managed high income, low operating expenses*Easy freeway access*All units were rented with ease.

Last Agent to Sell the Property

Mo Bani-Taba

Intero San Jose, Willow Glen Lincoln Ave License #01333629 Listed on: 01/27/2015

Intero San Jose, Willow Glen Lincoln Ave

Last Buyer's Agent

Nasser Kazemi

Stevensen & Neal Realtors License #00601144

Stevensen & Neal Realtors

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Parking

  • 4 Car Attached Garage
  • 1 Carport Space
  • On-Street Parking

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,013 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $129,660

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $3,000
  • Manager Expense $7,000
  • Utility Expense $2,520
  • Trash Expense $1,380
  • Operating Expense $32,000
  • Gross Income $127,067

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5013
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Solid Surface / Corian, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Refrigerator
  • Living Sq Ft: 5013
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle
  • View: Mountains
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Carport, Common Parking Area, On Street
  • Carport Min: 1

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air, Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9583.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9583.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 14.65
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 600
  • Expense Management: 7000
  • Expenses Total: 32000
  • Expenses Utility: 2520
  • Expense Trash: 1380
  • Income Annual Gross: 127067.00
  • Income Annual Rental: 129660
  • Income Gross Scheduled: 129660
  • Income Includes: Lease, Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Professional Services, Fee - Property Management, Fee - Property Tax, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
03/27/2015 03/27/15 Sold $2,000,000 +5.3% $399 / Sq Ft
03/19/2015 03/19/15 Pending -- -- --
01/27/2015 01/27/15 For Sale $1,899,988 +33.3% $379 / Sq Ft
09/01/2014 09/01/14 Sold $1,425,000 +9.6% $284 / Sq Ft View Prior Sale
07/31/2014 07/31/14 Pending -- -- --
07/17/2014 07/17/14 For Sale $1,300,000 -- $259 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $24,258 $2,137,801 $1,298,917 $838,884
2024 $24,258 $2,095,885 $1,273,449 $822,436
2023 $24,184 $2,054,790 $1,248,480 $806,310
2022 $24,080 $2,014,500 $1,224,000 $790,500
2021 $23,732 $1,975,000 $1,200,000 $775,000
2020 $26,180 $2,197,876 $1,318,726 $879,150
2019 $25,876 $2,154,781 $1,292,869 $861,912
2018 $24,555 $2,112,531 $1,267,519 $845,012
2017 $24,238 $2,071,110 $1,242,666 $828,444
2016 $23,268 $2,030,500 $1,218,300 $812,200
2015 $16,573 $1,432,000 $900,000 $532,000
2014 $4,783 $399,573 $106,542 $293,031
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81448318

MLSListings

APN: 029-05-033