NOT LISTED FOR SALE

165 Nob Hill Terrace Morgan Hill, CA 95037

8 Beds
8 Baths
3,904 Sq Ft
10,598 Sq Ft Lot

Last Sold May 05, 2020

Last sale price $1,650,000 $423 Per Sq Ft

244 Days on Market

Highlights

  • Mountain View
  • Granite Countertops
  • Forced Air Zoned Cooling and Heating System
  • Traditional Architecture
  • Double Pane Windows
  • Coin Laundry

About This Home

As of May 2020

This property is fully updated. Each Unit has 2 bedrooms and 2 bathrooms. These are town-home style units ( Kitchen, living and one bath is down stairs and the bedrooms are upstairs). All the kitchens are fully remodeled with Quartz counter tops with new kitchen cabinets. All the bathrooms are remodeled with new showers and cabinets, toilets, floors, newer roof. NEW central A/C and Heating. Rents are under market, room to increase the rent. Turn Key investment, new owner will not have to do any work for next decade or so. Tenants are paying the water , garbage and PG&E. The rents and numbers are real in the MLS. Please do not disturb the tenants and knock any of the tenants door.

Last Agent to Sell the Property

Ken Kabir

WePro Real Estate Services License #01137373 Listed on: 08/03/2019

Last Buyer's Agent

Patty Filice

Intero Real Estate Services License #01081677

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 10,598 Sq Ft Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,904 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Mountain Views
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Lighted Parking
  • Off-Street Parking

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $101,400

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $850
  • Insurance Expense $1,980
  • Maintenance Expense $1,000
  • Manager Expense $100
  • Other Expense $200
  • Utility Expense $700
  • Operating Expense $13,854
  • Gross Income $99,495

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Traditional
  • Age: 55
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3904
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Granite, Countertop - Stone, Dishwasher, Garbage Disposal, Hood Over Range, Oven - Built-In, Oven Range - Built-In
  • Living Sq Ft: 3904
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Shingle
  • View: Mountains
  • Construction Type: Concrete, Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport, Lighted Parking Area, Off-Street Parking
  • Carport Min: 4

Utilities

  • Cooling System: Central Ac, Multi-Zone
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Morgan Hill Unified

Lot Info

  • Lot Acres: 0.2433
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10598.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10598.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 17.51
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1980
  • Expense Landscape: 850
  • Expense Maintenance: 1000
  • Expense Management: 100
  • Expenses Other: 200
  • Expenses Total: 13854
  • Expenses Utility: 700
  • Income Annual Gross: 99495.00
  • Income Annual Rental: 101400
  • Income Gross Scheduled: 101525
  • Income Includes: Laundry
  • Income Other: 125
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Capital Improvements, Maintenance - Repair
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 2

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
05/05/2020 05/05/20 Sold $1,650,000 -7.2% $423 / Sq Ft
04/04/2020 04/04/20 Pending -- -- --
10/24/2019 10/24/19 Price Changed $1,777,777 -5.9% $455 / Sq Ft
08/03/2019 08/03/19 For Sale $1,888,800 -- $484 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ken Kabir

    Seller's Agent in 2020

    Ken Kabir

    WePro Real Estate Services

    (408) 981-8000

    3 in this area

    65 Total Sales

    Section Image

  • P

    Buyer's Agent in 2020

    Patty Filice

    Intero Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81763189

MLSListings

APN: 767-06-014

California Santa Clara County Morgan Hill 95037

165 Nob Hill Terrace, Morgan Hill, CA

This home is located at 165 Nob Hill Terrace, Morgan Hill, CA 95037 since 03 August 2019. This property was built in 1964. 165 Nob Hill Terrace is a home located in Santa Clara County with nearby schools including P.A. Walsh STEAM Academy, Lewis H. Britton Middle School, and Live Oak High School.

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