NOT LISTED FOR SALE
7 Beds
4 Baths
3,188 Sq Ft
8,011 Sq Ft Lot

Last Sold August 08, 2023

Last sale price $2,300,000 $721 Per Sq Ft

34 Days on Market

Highlights

  • Stone Countertops
  • Forced Air Heating System
  • Carpet
  • Gussie M. Baker Elementary School Rated A
  • Washer and Dryer

About This Home

As of August 2023

Excellent investment opportunity! The variety of unit sizes, including a 3 bedroom 1 bath unit, a 2 bedroom 1 bath unit, and two 1 bedroom 1 bath units, offers versatility in attracting tenants with different needs. The private backyard for the 3 bedroom unit is a nice feature that can make it particularly appealing. Additionally, the location of the 4-plex near restaurants, shopping centers, and major roadways like HWY 85 and San Tomas Expressway can be advantageous. Proximity to amenities and transportation routes can make the property more attractive to potential tenants, increasing the likelihood of consistent occupancy and rental income. Having individual garages for each unit is another positive aspect, as it provides tenants with parking convenience, laundry hook-ups, and additional storage space. Overall, a well-maintained 4-plex in a convenient location with a mix of unit sizes and amenities can indeed present promising investment opportunities for the new owners.

Last Agent to Sell the Property

Kendra Gaeta

Christie's International Real Estate Sereno License #01962095 Listed on: 06/05/2023

Christie's International Real Estate Sereno

Last Buyer's Agent

Juan J Coss

Azealty License #01783280

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 8,011 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,188 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $122,700

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $2,400
  • Insurance Expense $2,840
  • Maintenance Expense $6,090
  • Manager Expense $8,165
  • Other Expense $1,650
  • Trash Expense $269
  • Operating Expense $50,271
  • Gross Income $123,020

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Parking

4

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Age: 62
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3188
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Stone, Dishwasher, Garbage Disposal, Oven Range - Electric, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3188
  • Stories: 2
  • Laundry: Hookups Only, Washer / Dryer
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1839
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8010.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8010.00

Rental Info

  • Existing Lease Term(s): Lease(s), Month To Month
  • Gross Rent Multiplier: 20.12
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2840
  • Expense Landscape: 2400
  • Expense Maintenance: 6090
  • Expense Management: 8165
  • Expenses Other: 1650
  • Expenses Total: 50271
  • Expense Trash: 269
  • Income Annual Gross: 123020.00
  • Income Annual Rental: 122700
  • Income Gross Scheduled: 123020
  • Income Includes: Rents
  • Income Other: 320
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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Average Value
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List Price
Sold Price
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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
08/08/2023 08/08/23 Sold $2,300,000 -7.1% $721 / Sq Ft
07/09/2023 07/09/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $2,475,000 +15.1% $776 / Sq Ft
10/15/2018 10/15/18 Sold $2,150,000 0.0% $674 / Sq Ft
09/20/2018 09/20/18 Pending -- -- --
09/18/2018 09/18/18 For Sale $2,150,000 -- $674 / 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: ML81929686

MLSListings

APN: 403-36-054