$1,200,000
SOLD APR 29, 2016
6 Beds
4 Baths
2,198 Sq Ft
6,186 Sq Ft Lot

Recently Sold

$546 Per Sq Ft

6% Above List Price

74 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Forced Air Heating System
  • Westmont High School Rated A
  • Balcony
  • Washer and Dryer

About This Home

As of May 2017

Remodeled duplex with high rents near Campbell. Units feature upgraded cabinets and Quartz and Granite kitchen countertops, premium laminate floors, remodeled bathrooms and separate yards and each unit has its own driveway and garage parking. New garage doors. New exterior paint and gated common entrance for security. New water heaters and new exterior paint. 1509 has new interior paint and brand new floors. 1511 has sprinklers. Section 1 and all repairs finished. Respect Tenant rights. No rent control - verified with city.

Last Agent to Sell the Property

Rich Kwok

RE/MAX By The Bay License #01352601 Listed on: 01/15/2016

RE/MAX By The Bay

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • 6,186 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,198 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $63,600
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $720
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Manager Expense $2,200
  • Utility Expense $3,600
  • Trash Expense $1,500
  • Operating Expense $19,928
  • Gross Income $63,600

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3H
  • Subclass: Duplex
  • Style: Ranch
  • Age: 50
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2198
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Granite, Dishwasher, Garbage Disposal, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2198
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Hardwood, Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces

Utilities

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

Schools

  • School District: Campbell Union High
  • Elementary School: Rosemary Elementary
  • Middle School: Campbell Middle
  • High School: Westmont High
  • High School: 242
  • Elementary School: 64
  • Middle School: 50

Lot Info

  • Lot Acres: 0.1420
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6181.16
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6181.16

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 17.85
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 720
  • Expense Maintenance: 1000
  • Expense Management: 2200
  • Expenses Total: 19928
  • Expenses Utility: 3600
  • Expense Trash: 1500
  • Income Annual Gross: 63600.00
  • Income Annual Rental: 63600
  • Income Gross Scheduled: 63600
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Water

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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
05/01/2017 05/01/17 Sold $1,275,000 -3.8% $580 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
02/23/2017 02/23/17 Price Changed $1,325,000 -3.6% $603 / Sq Ft
02/13/2017 02/13/17 Price Changed $1,375,000 -6.8% $626 / Sq Ft
01/17/2017 01/17/17 For Sale $1,475,000 +22.9% $671 / Sq Ft
04/29/2016 04/29/16 Sold $1,200,000 +5.7% $546 / Sq Ft
03/30/2016 03/30/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $1,135,000 -- $516 / 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: ML81547248

MLSListings

APN: 305-05-025