NOT LISTED FOR SALE
9 Beds
7 Baths
4,339 Sq Ft
8,603 Sq Ft Lot

Last Sold August 15, 2023

Last sale price $2,025,000 $467 Per Sq Ft

10 Days on Market

Highlights

  • Fireplace
  • Tile Countertops
  • Guest Parking
  • Del Mar High School Rated A-
  • Tile Flooring
  • Forced Air Heating System

About This Home

As of August 2023

PRIDE OF OWNERSHIP FOURPLEX, PART OF 20 UNIT PORTFOLIO (5 buildings) IN CENTRAL SILICON VALLEY LOCATION! Can be purchased as part of a portfolio or individually. First time on the market since it was built in 1973! Fully occupied with reliable tenants, excellent unit mix and upside potential! The building consists of 4,339 SqFt of living space on a 8,605 SqFt lot with (1) 3 bed/2 bath owners unit, (2) 2 bed/2 bath units and (1) 2 bed/1 bath unit. All units come with a private courtyard or patio, an attached garage with washer, dryer, double pane windows, wall AC and more. Six (6) additional on site parking spots available. Units are individually metered for electricity and gas. METICULOUSLY MAINTAINED AND UPDATED, FUMIGATED IN 2020. Ideal location with easy access to major freeways (Hwy 17, 85 & 280). Walking distance to public transportation (VTA/Light Rail), shopping, restaurants and more.

Last Agent to Sell the Property

Mattie Baker

KW Silicon City License #00898114 Listed on: 07/10/2023

KW Silicon City

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1973

Lot Details

  • 8,603 Sq Ft Lot

Parking

  • 5 Car Garage
  • Guest Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,339 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Tile Flooring
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Wall Furnace
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $130,716

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $3,396
  • Insurance Expense $2,640
  • Manager Expense $6,109
  • Utility Expense $3,083
  • Trash Expense $2,881
  • Operating Expense $43,093
  • Gross Income $126,795

Property Details

Home Type

Multi-Family

Year Built

1973

Lot Details

0

Parking

5

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 50
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4339
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1973

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Gas, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 4339
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 5
  • Parking Spaces: 6
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking, Parking Area

Utilities

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

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1975
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8605.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8605.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 14.73
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2640
  • Expense Landscape: 3396
  • Expense Management: 6109
  • Expenses Total: 43093
  • Expenses Utility: 3083
  • Expense Trash: 2881
  • Income Annual Gross: 126795.00
  • Income Annual Rental: 130716
  • Income Gross Scheduled: 130716
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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
08/15/2023 08/15/23 Sold $2,025,000 +5.2% $467 / Sq Ft
07/21/2023 07/21/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $1,925,000 -- $444 / 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: ML81934411

MLSListings

APN: 284-25-039