NOT LISTED FOR SALE
8 Beds
5 Baths
3,802 Sq Ft
5,959 Sq Ft Lot Lot

Sale Details

Date Sold: April 9, 2021

Last sale price $1,708,000 $449 Per Sq Ft

9 Days on Market

Highlights

  • Forced Air Heating System
  • Coin Laundry
  • Carpet
  • Branham High School Rated A

About This Home

As of April 2021

Amazing fourplex investment opportunity with upside potential! Located in the Cambrian Community with close proximity to shopping and dining options, as well as quick access to Highways 17 and 85. Minutes from Downtown Campbell, Downtown Willow Glen, and Almaden Valley, you're located right in the middle of everything you need with Cambrian and Campbell School Districts. Four units include a mix of 2 beds, 1 bath, with Unit 1 featuring an additional half bathroom downstairs. All units have laminate floors downstairs, with Unit 3 featuring laminate floors upstairs as well. With 3,802 of living sqft. on a 5,958 sqft. lot, each unit also features its own 1-car assigned parking space, three of which are covered, and their own backyard patio. On-site coin-operated laundry room for added convenience. Don't miss out on this fantastic opportunity!

Last Agent to Sell the Property

Rondo Membrere

EQ1 License #01955585 Listed on: 03/05/2021

EQ1

Last Buyer's Agent

John Bretthauer

Real Estate Experts ERA Powered License #01480256

Real Estate Experts ERA Powered

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 5,959 Sq Ft Lot

Home Design

  • Quadruplex
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,802 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Parking

  • 1 Parking Space
  • 3 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $92,400

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $700
  • Insurance Expense $1,580
  • Maintenance Expense $6,860
  • Other Expense $1,350
  • Utility Expense $2,880
  • Trash Expense $1,620
  • Operating Expense $30,710
  • Gross Income $93,840

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

5,959 Sq Ft Lot

Listing Details

  • Zoning: C1
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3802
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3802
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking, On Street
  • Carport Min: 3

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Lot Info

  • Lot Acres: 0.1368
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5958.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5958.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Lease(s)
  • Gross Rent Multiplier: 16.52
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1580
  • Expense Landscape: 700
  • Expense Maintenance: 6860
  • Expenses Other: 1350
  • Expenses Total: 30710
  • Expenses Utility: 2880
  • Expense Trash: 1620
  • Income Annual Gross: 93840.00
  • Income Annual Rental: 92400
  • Income Gross Scheduled: 93840
  • Income Includes: Laundry
  • Income Other: 1440
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Maintenance - Exterminator, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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
04/09/2021 04/09/21 Sold $1,708,000 +10.2% $449 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $1,550,000 -- $408 / Sq Ft
Source: MLSListings

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 $23,945 $1,848,793 $1,578,185 $270,608
2024 $23,945 $1,812,543 $1,547,241 $265,302
2023 $23,789 $1,777,003 $1,516,903 $260,100
2022 $23,389 $1,742,160 $1,487,160 $255,000
2021 $16,358 $1,167,955 $793,489 $374,466
2020 $15,720 $1,155,980 $785,353 $370,627
2019 $15,555 $1,133,314 $769,954 $363,360
2018 $15,143 $1,111,093 $754,857 $356,236
2017 $14,891 $1,089,307 $740,056 $349,251
2016 $14,174 $1,067,949 $725,546 $342,403
2015 $13,887 $1,044,000 $709,200 $334,800
2014 $12,749 $962,000 $653,600 $308,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81832773

MLSListings

APN: 414-11-013

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