NOT LISTED FOR SALE

180 E Edmundson Ave Morgan Hill, CA 95037

6 Beds
5 Baths
3,240 Sq Ft
0.3 Acres

Last Sold August 12, 2022

Last sale price $1,350,000 $417 Per Sq Ft

4 Days on Market

Highlights

  • Granite Countertops
  • 4 Car Detached Garage
  • Tile Flooring
  • Ann Sobrato High School Rated A
  • Storage Room
  • Guest Parking

About This Home

As of August 2022

Great OPPORTUNITY for investment! Live in one unit while the other 2 units pays the mortgage! Remodeled and mostly rebuilt approx. 2011.This is a TRI-PLEX...2 attached units 1 detached unit.Gorgeous wood grain laminate flooring, tile flooring, hardwood cabinetry, forced air conditioning in 2 units, window air conditiong in 3rd, indoor laundry in each unit, spacious and open floor plan! Granite counters in kitchens and bathrooms. Includes refrigerators, washers and dryers (and stove/oven/microwave) 2 units have 2 car garages with lots of parking space and room for RV or Boat parking. Great backyard spaces and walk-in storage crate for unit 1 and storage cottage for unit 2. This is the best TRI-PLEX in Morgan Hill//Gilroy! Great rental income! Some photos previous and some current photos.

Last Agent to Sell the Property

susan linville

Coldwell Banker Realty License #01717957 Listed on: 07/07/2022

Coldwell Banker Realty

Last Buyer's Agent

Jacqueline Banuelos

Intero Real Estate Services License #01396202

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Lot Details

  • 0.3 Acre Lot
  • Fenced
  • Sprinkler System
  • Back Yard

Parking

  • 4 Car Detached Garage
  • Guest Parking
  • On-Street Parking
  • Uncovered Parking

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,240 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Storage Room
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Vented Exhaust Fan
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $80,580

Community Details

Overview

  • 3,240 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,440
  • Insurance Expense $2,149
  • Maintenance Expense $1,620
  • Manager Expense $6,446
  • Utility Expense $1,200
  • Trash Expense $1,236
  • Operating Expense $26,227
  • Gross Income $80,580

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3240
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven - Electric, Refrigerator
  • Living Sq Ft: 3240
  • Stories: 1
  • Laundry: Hookups Only, Washer / Dryer
  • Flooring: Laminate, Tile
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Sprinklers - Lawn

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 6
  • Garage Parking Features: Detached Garage, Guest / Visitor Parking, On Street, Room For Oversized Vehicle, Uncovered Parking

Utilities

  • Cooling System: Ceiling Fan, Central Ac, Window / Wall Unit
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2984
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.24
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 2149
  • Expense Landscape: 1440
  • Expense Maintenance: 1620
  • Expense Management: 6446
  • Expenses Total: 26227
  • Expenses Utility: 1200
  • Expense Trash: 1236
  • Income Annual Gross: 80580.00
  • Income Annual Rental: 80580
  • Income Gross Scheduled: 80580
  • Meters: Separate Electric
  • Number Of Buildings: 3
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
08/12/2022 08/12/22 Sold $1,350,000 -2.8% $417 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $1,389,000 +46.2% $429 / Sq Ft
05/14/2015 05/14/15 Sold $950,000 +5.7% $293 / Sq Ft View Prior Sale
04/10/2015 04/10/15 Pending -- -- --
04/06/2015 04/06/15 For Sale $899,000 -- $277 / 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
2025 $15,738 $1,404,540 $384,948 $1,019,592
2024 $15,738 $1,377,000 $377,400 $999,600
2023 $15,536 $1,350,000 $370,000 $980,000
2022 $12,448 $1,075,897 $271,805 $804,092
2021 $12,136 $1,054,802 $266,476 $788,326
2020 $11,842 $1,043,987 $263,744 $780,243
2019 $12,180 $1,023,518 $258,573 $764,945
2018 $12,219 $1,003,450 $253,503 $749,947
2017 $12,105 $983,776 $248,533 $735,243
2016 $11,339 $964,487 $243,660 $720,827
2015 $7,005 $588,935 $125,255 $463,680
2014 -- $577,400 $122,802 $454,598
Source: Public Records

Agents Affiliated with this Home

  • susan linville

    Seller's Agent in 2022

    susan linville

    Coldwell Banker Realty

    (408) 399-1084

    1 in this area

    14 Total Sales

    susan linville
    Section Image

  • J

    Buyer's Agent in 2022

    Jacqueline Banuelos

    Intero Real Estate Services

    Section Image

  • J

    Seller's Agent in 2015

    Janette Barsanti

    Coldwell Banker Realty

    Section Image
  • David Frazer

    Buyer's Agent in 2015

    David Frazer

    Coldwell Banker Realty

    (408) 930-2673

    47 in this area

    74 Total Sales

    David Frazer
    Section Image
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Map

Source: MLSListings

MLS Number: ML81899405

MLSListings

APN: 817-04-025

California Santa Clara County Morgan Hill 95037

180 E Edmundson Ave, Morgan Hill, CA

Not Listed for Sale

MultiFamily

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