NOT LISTED FOR SALE
8 Beds
4 Baths
3,270 Sq Ft
6,395 Sq Ft Lot

Last Sold November 10, 2022

Last sale price $1,900,000 $581 Per Sq Ft

191 Days on Market

About This Home

As of November 2022

Welcome to 2127 Monroe St, located in the desirable area of Santa Clara. This fourplex consists of four two-bedroom, one-bath units, four parking spaces, and an on-site laundry facility. All units have been renovated including kitchens, bathrooms, double pane windows, and new exterior paint. Convenient location, Short drive to Santana Row, Lawrence Caltrain Station, Santa Clara University, Apple, Intel, and Nvidia! Easy access to 101/880/87. This is a great investment with upside potential! Buyers have the option to purchase 2125 Monroe St concurrently with this listing.

Last Agent to Sell the Property

Andy Tse

Intero Real Estate Services License #01345580 Listed on: 04/19/2022

Intero Real Estate Services

Co-Listed By

Eric Tran

Intero Real Estate Services License #01842444

Last Buyer's Agent

Andy Tse

Intero Real Estate Services License #01345580 Listed on: 04/19/2022

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 6,395 Sq Ft Lot

Home Design

  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,270 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Parking

  • 1 Parking Space
  • 4 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $107,340

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,017
  • Insurance Expense $1,691
  • Maintenance Expense $2,302
  • Other Expense $850
  • Utility Expense $7,147
  • Operating Expense $19,003
  • Gross Income $105,043

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: R325
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3270
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 3270
  • Stories: 2
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space, Post And Pier
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 410

Lot Info

  • Lot Acres: 0.1468
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6395.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6395.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 17.55
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1691
  • Expense Landscape: 1017
  • Expense Maintenance: 2302
  • Expenses Other: 850
  • Expenses Total: 19003
  • Expenses Utility: 7147
  • Income Annual Gross: 105043.00
  • Income Annual Rental: 107340
  • Income Gross Scheduled: 108292
  • Income Includes: Coin Operated Equip, Rents
  • Income Other: 952
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Other Taxes, Insurance, Maintenance - Exterminator, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2
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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
11/10/2022 11/10/22 Sold $1,900,000 0.0% $581 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
06/29/2022 06/29/22 Price Changed $1,900,000 -5.0% $581 / Sq Ft
04/19/2022 04/19/22 For Sale $2,000,000 -- $612 / 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 $21,852 $1,903,932 $1,487,772 $416,160
2024 $21,852 $1,866,600 $1,458,600 $408,000
2023 $21,634 $1,830,000 $1,430,000 $400,000
2022 $6,133 $505,909 $147,164 $358,745
2021 $6,108 $495,990 $144,279 $351,711
2020 $5,996 $490,905 $142,800 $348,105
2019 $5,990 $481,280 $140,000 $341,280
2018 $5,611 $471,844 $137,255 $334,589
2017 $5,583 $462,593 $134,564 $328,029
2016 $5,496 $453,524 $131,926 $321,598
2015 $5,475 $446,713 $129,945 $316,768
2014 $5,201 $437,963 $127,400 $310,563
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81887564

MLSListings

APN: 224-30-054