NOT LISTED FOR SALE

2055 Ash St Santa Clara, CA 95054

North Santa Clara Neighborhood
4 Beds
4 Baths
2,400 Sq Ft
4,744 Sq Ft Lot

Last Sold June 25, 2018

Last sale price $1,340,000 $558 Per Sq Ft

7 Days on Market

Highlights

  • Traditional Architecture
  • Double Pane Windows
  • Coin Laundry
  • Kathryn Hughes Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • 3-minute walk to Agnew Park

About This Home

As of June 2018

Excellent investment opportunity! Longtime owner is finally ready to part with this fourplex. Unit #1 in the front is a 2 bed/1 bath. Units #2 and #3 are both 1 bed/1 bath. Unit #4 is a studio. Two meters for entire property, seller currently pays utilities. Forced air heat, AC and dual pane windows in all units. The back of the property has an enclosed patio with some storage and leased/coin operated laundry. Rents were raised in Jan. 2018, all tenants month to month. Long time tenants in each unit, please do not disturb them but do call listing agent with questions.

Last Agent to Sell the Property

Mark Richardson

MGM Real Estate License #01372356 Listed on: 05/18/2018

Last Buyer's Agent

Jim Minkey

Golden Gate Sotheby's International Realty License #01073312

Golden Gate Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 4,744 Sq Ft Lot
  • Grass Covered Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Laminate Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Uncovered Parking

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat

Listing and Financial Details

  • Total Actual Rent $48,000

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $2,616
  • Insurance Expense $1,851
  • Maintenance Expense $2,000
  • Other Expense $2,616
  • Utility Expense $6,787
  • Operating Expense $14,109
  • Gross Income $47,724

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Traditional
  • Age: 71
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: Countertop - Formica, Countertop - Laminate, Exhaust Fan, Hookups - Gas, Oven Range - Gas, Refrigerator, Varies By Unit
  • Living Sq Ft: 2400
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Low Maintenance

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: On Street, Uncovered Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Santa Clara Unified
  • Elementary School: Kathryn Hughes Elementary
  • Middle School: Buchser Middle
  • High School: Santa Clara High
  • High School: 408
  • Elementary School: 390
  • Middle School: 406

Lot Info

  • Lot Acres: 0.1089
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4745.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4745.00

Green Features

  • Energy Features: Double Pane Windows, Thermostat Controller

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 28.05
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1851
  • Expense Landscape: 2616
  • Expense Maintenance: 2000
  • Expenses Other: 2616
  • Expenses Total: 14109
  • Expenses Utility: 6787
  • Income Annual Gross: 47724.00
  • Income Annual Rental: 48000
  • Income Gross Scheduled: 49200
  • Income Includes: Laundry
  • Income Other: 1200
  • Meters: Separate Other
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Rent Only
  • 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 List to Sale Price per Sq Ft
06/25/2018 06/25/18 Sold $1,340,000 -2.9% $558 / Sq Ft
05/26/2018 05/26/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $1,380,000 -- $575 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mark Richardson

    MGM Real Estate

    Section Image
  • Jim Minkey

    Buyer's Agent in 2018

    Jim Minkey

    Golden Gate Sotheby's International Realty

    (650) 576-1732

    82 Total Sales

    Jim Minkey
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81706326

MLSListings

APN: 104-12-150

California Santa Clara County Santa Clara 95054 North Santa Clara

2055 Ash St, Santa Clara, CA

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