NOT LISTED FOR SALE

206 Echo Ave Campbell, CA 95008

8 Beds
4 Baths
3,534 Sq Ft
8,015 Sq Ft Lot

Last Sold October 28, 2016

Last sale price $1,525,000 $432 Per Sq Ft

7 Days on Market

Highlights

  • Solar Power System
  • Deck
  • Forced Air Heating System
  • Westmont High School Rated A
  • Tile Countertops
  • Coin Laundry

About This Home

As of October 2016

Excellent opportunity to own an investment property in Campbell. Partially updated 4-unit building. All units are ready to be leased. Set your own market rents. Owner unit features spacious living room with fireplace, electric solar panels and approximately 2 year old forced air heating. Other units have new electronic ignition gas wall heaters. New LED lighting fixtures, vinyl flooring and carpeting in all units. Some new appliances. Completely painted interior and exterior. Common laundry room with coin-operated washer and dryer. Four-car carport with new roof. Easy access to shopping, freeways and public transportation. Close to downtown Campbell and walking distance to light rail.

Last Agent to Sell the Property

Ed Lafosse

Lafosse Asset Management License #00864594 Listed on: 09/21/2016

Last Buyer's Agent

Michaela Kusner

Coldwell Banker Realty License #01836865

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 8,015 Sq Ft Lot
  • Grass Covered Lot

Home Design

  • Quadruplex
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,534 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Carport Spaces
  • Lighted Parking
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Solar Power System
  • Deck

Listing and Financial Details

  • Total Actual Rent $93,000

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $3,800
  • Maintenance Expense $1,500
  • Utility Expense $3,070
  • Trash Expense $420
  • Operating Expense $28,490
  • Gross Income $91,140

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3534
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Appliances - Vary By Unit, Cooktop - Electric, Countertop - Formica, Countertop - Tile, Dishwasher, Garbage Disposal, Hood Over Range, Microwave, Oven Range - Electric, Refrigerator, Varies By Unit
  • Living Sq Ft: 3534
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Perimeter And Slab, Crawl Space
  • Roof: Metal
  • Yard/Grounds: Deck, Low Maintenance

Garage/Parking

  • Garage Parking Features: Carport, Lighted Parking Area, On Street
  • Carport Min: 4

Utilities

  • Heating System: Central Forced Air, Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1840
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8001.97
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8001.97

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 15.91

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities, Solar
  • Expense Insurance: 3800
  • Expense Landscape: 1200
  • Expense Maintenance: 1500
  • Expenses Total: 28490
  • Expenses Utility: 3070
  • Expense Trash: 420
  • Income Annual Gross: 91140.00
  • Income Annual Rental: 93000
  • Income Gross Scheduled: 93000
  • Income Includes: Rents
  • Meters: Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Fee - Property Tax, Maintenance, Services - Gardener, Utilities - Electric, Utilities - Gas
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

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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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
10/28/2016 10/28/16 Sold $1,525,000 +3.0% $432 / Sq Ft
09/29/2016 09/29/16 Pending -- -- --
09/21/2016 09/21/16 For Sale $1,480,000 -- $419 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ed Lafosse

    Seller's Agent in 2016

    Ed Lafosse

    Lafosse Asset Management

    (408) 376-3917

    14 Total Sales

    Ed Lafosse
    Section Image
  • Michaela Kusner

    Buyer's Agent in 2016

    Michaela Kusner

    Coldwell Banker Realty

    (408) 718-0743

    17 Total Sales

    Michaela Kusner
    Section Image
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Map

Source: MLSListings

MLS Number: ML81615522

MLSListings

APN: 305-38-022

California Santa Clara County Campbell 95008

206 Echo Ave, Campbell, CA

Not Listed for Sale

MultiFamily

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