NOT LISTED FOR SALE
8 Beds
4 Baths
3,672 Sq Ft
8,303 Sq Ft Lot

Last Sold March 26, 2024

Last sale price $1,999,999 $545 Per Sq Ft

About This Home

As of March 2024

Opportunity knocks! A chance to purchase a 4-plex in well sought after location in San Jose on the Los Gatos / Campbell boarder. All units are currently occupied and units are always in high demand. Unit 3 had been recently updated with new floor and painting. The property has 2 units upstairs and 2 units downstairs. Each units is approx. 918 sq ft. has 2 beds and 1 full bath. Each unit is assigned 1 carport. In addition, there are two open parking spaces available to the property, next to the carports. On-site coin-operated laundry room for added convenience. There is a HOA for the 27 fourplexes. HOA manage the park right in the middle of the circle. Located in the Cambrian Community close to shopping and restaurants. Easy access to Highways 17 and 85. Minutes to downtown Campbell, you're located right in the middle of everything you need with Cambrian and Campbell School Districts.

Last Agent to Sell the Property

Casie Ho

Green Valley Realty USA License #01923707 Listed on: 03/12/2024

Green Valley Realty USA

Last Buyer's Agent

Lucy Ramos

eXp Realty of California Inc License #01266177

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 8,303 Sq Ft Lot

Home Design

  • Quadruplex
  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,672 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $91,044

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,440
  • Insurance Expense $1,686
  • Maintenance Expense $755
  • Manager Expense $4,760
  • Other Expense $2,843
  • Utility Expense $4,380
  • Trash Expense $2,995
  • Operating Expense $23,381
  • Gross Income $91,644

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3672
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3672
  • Stories: 2
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Wood Shakes / Shingles

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Carport, On Street
  • Carport Min: 4

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 360
  • HOA Exist: Yes

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1906
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8301.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8301.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.82
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1686
  • Expense Landscape: 1440
  • Expense Maintenance: 755
  • Expense Management: 4760
  • Expenses Other: 2843
  • Expenses Total: 23381
  • Expenses Utility: 4380
  • Expense Trash: 2995
  • Income Annual Gross: 91644.00
  • Income Annual Rental: 91044
  • Income Gross Scheduled: 91644
  • Income Includes: Coin Operated Equip, Rents
  • Income Other: 600
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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
03/26/2024 03/26/24 Sold $1,999,999 0.0% $545 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $1,999,999 -- $545 / 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: ML81957239

MLSListings

APN: 419-01-035