NOT LISTED FOR SALE

Estimated Value: $2,152,000

9 Beds
4 Baths
3,348 Sq Ft
$643/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $2,100,000 $627 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $14,037/month

59 Days on Market

About This Home

As of July 2021

Excellent investment opportunity in Campbell w/ superior unit mix of (1) 3Bd-1Ba & (3) 2Bd-1Ba! Marketing Package and additional information available upon request. The property received a new roof within the last five years and unit #2 is a 3BR-1BA that was completely renovated in 2021.

Last Agent to Sell the Property

Mitchell Zurich

Marcus & Millichap License #01870648 Listed on: 05/06/2021

Co-Listed By

Fred Rubio

Marcus & Millichap License #01984041

Last Buyer's Agent

Mojey Ghafouri-Daryani

Lyst Residential License #01318492

Lyst Residential

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,884 Sq Ft Lot

Parking

  • 4 Car Garage
  • Uncovered Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,348 Sq Ft Home
  • 2-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $97,359

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,440
  • Insurance Expense $1,200
  • Maintenance Expense $2,600
  • Other Expense $2,286
  • Utility Expense $3,522
  • Trash Expense $1,303
  • Operating Expense $41,665
  • Gross Income $94,438

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Parking

4

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Age: 59
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3348
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3348
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1810
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7884.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7884.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 22.60
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1200
  • Expense Landscape: 1440
  • Expense Maintenance: 2600
  • Expenses Other: 2286
  • Expenses Total: 41665
  • Expenses Utility: 3522
  • Expense Trash: 1303
  • Income Annual Gross: 94438.00
  • Income Annual Rental: 97359
  • Income Gross Scheduled: 97359
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jul 1, 2021
Sold by
Pur Kirkwood Llc
Bought by
Cfs Investments Llc
Seller's Agent
Mitchell Zurich
Marcus & Millichap
Buyer's Agent
Mojey Ghafouri-Daryani
Lyst Residential
List Price
$2,400,000
Sold Price
$2,100,000
Premium/Discount to List
-$300,000
-12.5%
Current Estimated Value
$2,152,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,000

Purchase Details

Closed on
Jul 15, 2020
Sold by
Pur Kirkwood Llc
Bought by
Tranente One Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2018
Sold by
Kirkwoood Village Partners Llc
Bought by
Pur Kirkwood Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Cfs Investments Llc $2,100,000 First American Title Company
Tranente One Llc $2,175,000 First American Title Company
Pur Kirkwood Llc -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tranente One Llc $2,000,000
Closed Pur Kirkwood Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $2,100,000 -4.5% $627 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
06/17/2021 06/17/21 Price Changed $2,200,000 -8.3% $657 / Sq Ft
05/06/2021 05/06/21 For Sale $2,400,000 -- $717 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

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
2020 -- $1,695,053 $1,146,842 $548,211
2019 -- $1,661,817 $1,124,355 $537,462
2018 -- $127,674 $32,262 $95,412
2017 -- $125,172 $31,630 $93,542
2016 -- $122,718 $31,010 $91,708
2015 -- $120,876 $30,545 $90,331
2014 -- $118,509 $29,947 $88,562
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81842490

MLSListings

APN: 403-36-083