NOT LISTED FOR SALE
6 Beds
5 Baths
3,136 Sq Ft
8,059 Sq Ft Lot

Last Sold December 08, 2017

Last sale price $1,738,272 $554 Per Sq Ft

6 Days on Market

About This Home

As of December 2017

*Marketing Package and Disclosures available upon request* 203 Superior Drive was constructed in 1963 and is situated on a large 8,060 square foot lot, offering 3,136 square feet of living area. This asset boasts an exceptional unit mix of one large three-bedroom/two-bath owners unit and three spacious one-bedroom/one-bath units. All of the units have been meticulously maintained throughout the course of its current ownership. In addition to on-site laundry, an investor can implement a thorough interior renovation program and achieve immediate upside from the current below market rents. This asset is located within walking distance to multiple retailers at San Tomas Plaza and easily accessible to the major transit corridors of San Tomas Aquino, Campbell Avenue and Hamilton Avenue, which all feed into Highways 280, 17 and 85.

Last Agent to Sell the Property

Mitchell Zurich

Marcus & Millichap License #01870648 Listed on: 10/25/2017

Last Buyer's Agent

Jenny Huang

Coldwell Banker Realty License #01362454

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 8,059 Sq Ft Lot

Parking

  • 4 Car Attached Garage
  • Uncovered Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $79,440

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $984
  • Maintenance Expense $2,000
  • Other Expense $1,729
  • Utility Expense $1,291
  • Trash Expense $1,168
  • Operating Expense $29,858
  • Gross Income $78,172

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Parking

4

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3136
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3136
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 6
  • Garage Parking Features: Attached Garage, Uncovered Parking

Utilities

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

Lot Info

  • Lot Acres: 0.1850
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8060.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8060.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 19.79
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 984
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expenses Other: 1729
  • Expenses Total: 29858
  • Expenses Utility: 1291
  • Expense Trash: 1168
  • Income Annual Gross: 78172.00
  • Income Annual Rental: 79440
  • Income Gross Scheduled: 80590
  • Income Includes: Laundry, Rents
  • Income Other: 1150
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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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Average Value
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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
12/08/2017 12/08/17 Sold $1,738,272 +9.0% $554 / Sq Ft
11/01/2017 11/01/17 Pending -- -- --
10/25/2017 10/25/17 For Sale $1,595,000 -- $509 / 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 $26,719 $1,977,851 $1,479,176 $498,675
2024 $26,719 $1,939,071 $1,450,173 $488,898
2023 $26,493 $1,901,051 $1,421,739 $479,312
2022 $26,141 $1,863,776 $1,393,862 $469,914
2021 $25,631 $1,827,232 $1,366,532 $460,700
2020 $25,039 $1,808,497 $1,352,520 $455,977
2019 $24,015 $1,773,037 $1,326,000 $447,037
2018 $23,297 $1,738,272 $1,300,000 $438,272
2017 $13,739 $954,662 $477,331 $477,331
2016 $12,960 $935,944 $467,972 $467,972
2015 $12,761 $921,886 $460,943 $460,943
2014 $12,383 $903,828 $451,914 $451,914
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81682797

MLSListings

APN: 307-47-014