NOT LISTED FOR SALE
8 Beds
5 Baths
3,747 Sq Ft
7,802 Sq Ft Lot

Sale Details

Date Sold: March 15, 2024

Last sale price $1,970,000 $526 Per Sq Ft

130 Days on Market

Highlights

  • Shed
  • Tile Flooring
  • Level Lot
  • Westmont High School Rated A
  • Forced Air Heating and Cooling System
  • Grass Covered Lot

About This Home

As of March 2024

Quality asset in a highly desirable rental market. Well maintained & Very good condition. Very large, fully rented units at near market rents. Excellent unit mix. Units 1, 3 & 4 have forced air heat and units 3 & 4 have Central A/C Private garages with storage and one additional parking space. On-site laundry facility. Numerous capital improvements: Double-pane windows throughout; Partial plumbing repipe with copper; Roof replaced; Water heater; exterior paint; Full remodel of unit 4 including kitchen and bathroom; 80 gallon hot water heater. Located Less than 1 mile from the vibrant Downtown area of Campbell, with close proximity to shopping, entertainment, commuter routes, and major employers in Silicon Valley. Full Marketing package available.

Last Agent to Sell the Property

Michael Shields

SiliconValley MultiFamilyGroup License #01327546 Listed on: 08/28/2023

Last Buyer's Agent

Michael Shields

SiliconValley MultiFamilyGroup License #01327546 Listed on: 08/28/2023

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,802 Sq Ft Lot
  • Level Lot
  • Grass Covered Lot

Parking

  • 4 Car Garage
  • Assigned Parking

Home Design

  • Quadruplex
  • Reinforced Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,747 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Tile

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System

Listing and Financial Details

  • Total Actual Rent $115,500

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,940
  • Maintenance Expense $4,252
  • Other Expense $430
  • Utility Expense $4,000
  • Trash Expense $1,500
  • Operating Expense $42,674
  • Gross Income $114,072

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

7,802 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3747
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3747
  • Stories: 2
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Reinforced Concrete
  • Roof: Shingle
  • Yard/Grounds: Low Maintenance, Storage Shed / Structure
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 5
  • Garage Parking Features: Assigned Spaces, Covered Parking

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1791
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7803.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7803.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.43
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1940
  • Expense Landscape: 1200
  • Expense Maintenance: 4252
  • Expenses Other: 430
  • Expenses Total: 42674
  • Expenses Utility: 4000
  • Expense Trash: 1500
  • Income Annual Gross: 114072.00
  • Income Annual Rental: 115500
  • Income Gross Scheduled: 117600
  • Income Includes: Laundry
  • Income Other: 2100
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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
Aug 28, 2023
Closed on
Mar 6, 2024
Sold by
Bought by
Seller's Agent
Michael Shields
SiliconValley MultiFamilyGroup
Buyer's Agent
Michael Shields
SiliconValley MultiFamilyGroup
List Price
$2,050,000
Sold Price
$1,970,000
Premium/Discount to List
-$80,000
-3.9%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$389,764
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2023
Closed on
Mar 4, 2024
Sold by
Bought by
Seller's Agent
Michael Shields
SiliconValley MultiFamilyGroup
Buyer's Agent
Michael Shields
SiliconValley MultiFamilyGroup
List Price
$2,050,000
Sold Price
$1,970,000
Premium/Discount to List
-$80,000
-3.9%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$389,764
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2015
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 2012
Sold by
Bought by

Purchase Details

Closed on
Jul 19, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 20, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.78%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,970,000 Chicago Title
-- Chicago Title
-- None Available
-- Cornerstone Title Company
$710,000 Chicago Title Company
-- Chicago Title Company
-- Fidelity National Title Co
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 $400,000
Previous Owner $256,000
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
03/15/2024 03/15/24 Sold $1,970,000 -3.9% $526 / Sq Ft
01/06/2024 01/06/24 Pending -- -- --
10/04/2023 10/04/23 For Sale $2,050,000 0.0% $547 / Sq Ft
10/01/2023 10/01/23 Pending -- -- --
09/22/2023 09/22/23 Price Changed $2,050,000 -4.7% $547 / Sq Ft
08/28/2023 08/28/23 For Sale $2,150,000 -- $574 / 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
2026 $27,040 $2,049,588 $1,560,600 $488,988
2025 $13,089 $2,009,400 $1,530,000 $479,400
2024 $13,089 $874,305 $492,567 $381,738
2023 $12,932 $857,162 $482,909 $374,253
2022 $12,873 $840,356 $473,441 $366,915
2021 $12,545 $823,879 $464,158 $359,721
2020 $12,145 $815,432 $459,399 $356,033
2019 $11,887 $799,444 $450,392 $349,052
2018 $11,463 $783,769 $441,561 $342,208
2017 $11,226 $768,402 $432,903 $335,499
2016 $10,541 $753,336 $424,415 $328,921
2015 $10,301 $742,021 $418,040 $323,981
2014 -- $727,487 $409,852 $317,635
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81940103

MLSListings

APN: 305-37-033

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