I
Seller's Agent in 2021
Ismael Benhamida
Marcus & Millichap
1371 S Wolfe Rd Sunnyvale, CA 94087
Sunnyvale Area
7
Beds
7
Baths
3,595
Sq Ft
7,139
Sq Ft Lot
Highlights
- Vaulted Ceiling
- Balcony
- Tandem Parking
- Louis E. Stocklmeir Elementary School Rated A-
- Fireplace
- Walk-In Closet
About This Home
As of January 2021Offers Due by 5:00PM on Thursday, October 22nd. Wonderful value-add Sunnyvale fourplex w/ top ranked Cupertino schools. The property has a superb unit mix that includes one large 3-bedroom/2-bath townhouse style owner's unit w/ vaulted ceiling, fireplace, & large private yard, two 2-bedroom/1.5-bath townhouse units w/ large private backyards, & one studio unit. The current owner & their family have owned the property for over fifty years & rents are significantly below market providing the new owner w/ significant income and value upside (proforma CAP Rate: 5.49%). Located less than 1 mile from Apple headquarters in Cupertino. Additionally, it feeds into Louis E. Stocklmeir Elementary (2012 API: 974), Cupertino Middle (2012 API: 934), & Fremont High (2012 API: 767). The superb unit mix, significant income upside, excellent schools, & proximity to Silicon Valley employers make it a great opportunity for both the cash flow & appreciation minded investor. Offering memorandum available.
Last Agent to Sell the Property
Ismael Benhamida
Marcus & Millichap License #01722847 Listed on: 10/08/2020
Last Buyer's Agent
Ismael Benhamida
Marcus & Millichap License #01722847 Listed on: 10/08/2020
Property Details
Home Type
- Multi-Family
Year Built
- 1963
Lot Details
- 7,139 Sq Ft Lot
- Fenced
- Level Lot
- Sprinklers on Timer
- Back Yard
Home Design
- Quadruplex
- Wood Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- Walk-In Closet
- 3,595 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Fireplace
- Storage Room
- Washer and Dryer
Kitchen
- Electric Oven
- Electric Cooktop
- Tile Countertops
Flooring
- Carpet
- Laminate
- Tile
Parking
- 5 Parking Spaces
- 4 Carport Spaces
- Tandem Parking
- Uncovered Parking
- Off-Street Parking
- Assigned Parking
- Unassigned Parking
Outdoor Features
- Balcony
Utilities
- Heating Available
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $115,980
Community Details
Overview
Amenities
- Coin Laundry
Building Details
- 4 Leased Units
- Gardener Expense $980
- Insurance Expense $2,972
- Maintenance Expense $2,000
- Other Expense $40
- Utility Expense $5,758
- Trash Expense $2,558
- Operating Expense $39,382
- Gross Income $113,355
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 8, 2020
Closed on
Dec 2, 2020
Sold by
Bought by
Seller's Agent
Ismael Benhamida
Marcus & Millichap
Buyer's Agent
Ismael Benhamida
Marcus & Millichap
List Price
$2,100,000
Sold Price
$1,980,000
Premium/Discount to List
-$120,000
-5.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,188,000
Interest Rate
0.02%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 20, 2019
Sold by
Bought by
Purchase Details
Closed on
Mar 28, 2017
Sold by
Bought by
Purchase Details
Closed on
Mar 24, 2017
Sold by
Bought by
Purchase Details
Closed on
Jul 17, 2015
Sold by
Bought by
Purchase Details
Closed on
Apr 7, 2015
Sold by
Bought by
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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 |
|---|---|---|---|
| $1,980,000 | Fidelity National Title Co | ||
| -- | None Available | ||
| -- | Fidelity National Title Co | ||
| $1,000,000 | Fidelity National Title Co | ||
| -- | None Available | ||
| -- | None Available |
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 | $1,188,000 |
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 |
|---|---|---|---|---|
| 01/07/2021 01/07/21 | Sold | $1,980,000 | -5.7% | $551 / Sq Ft |
| 11/22/2020 11/22/20 | Pending | -- | -- | -- |
| 10/08/2020 10/08/20 | For Sale | $2,100,000 | -- | $584 / 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 |
|---|---|---|---|---|
| 2025 | $28,997 | $2,546,922 | $1,731,890 | $815,032 |
| 2024 | $28,997 | $2,496,983 | $1,697,932 | $799,051 |
| 2023 | $29,663 | $2,523,423 | $1,664,640 | $858,783 |
| 2022 | $24,219 | $2,038,684 | $1,632,000 | $406,684 |
| 2021 | $12,602 | $1,030,684 | $768,662 | $262,022 |
| 2020 | $12,460 | $1,020,117 | $760,781 | $259,336 |
| 2019 | $12,188 | $1,000,115 | $745,864 | $254,251 |
| 2018 | $11,910 | $980,506 | $731,240 | $249,266 |
| 2017 | $1,918 | $122,578 | $33,814 | $88,764 |
| 2016 | $1,859 | $120,175 | $33,151 | $87,024 |
| 2015 | $1,850 | $1,203,576 | $815,984 | $387,592 |
| 2014 | -- | $116,053 | $32,015 | $84,038 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLSListings
MLS Number: ML81814828
APN: 309-10-022
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