NOT LISTED FOR SALE

2137 Main St Santa Clara, CA 95050

Downtown Santa Clara Neighborhood
9 Beds
-- Bath
3,934 Sq Ft
6,534 Sq Ft Lot

Last Sold August 10, 2012

Last sale price $715,000 $182 Per Sq Ft

146 Days on Market

About This Home

As of August 2012

POSITIVE CASH FLOW WITH 25% DOWN PAYMENT! New hot water heater and copper plumbing. Several units with new tile floors. Spacious apartments. Strong in place rents with good upside potential. Market GRM: 10.76 and Market Cap Rate: 6.14%. Only $190 per square foot. Termite report and all due diligence materials available.

Last Agent to Sell the Property

Justin Bautista

Cassidy Turley Northern California, Inc. License #01268331 Listed on: 01/18/2012

Last Buyer's Agent

Moise Nahouraii

Referral Realty License #00713973

Referral Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 6,534

Parking

  • Carport

Home Design

  • 3,934 Sq Ft Home
  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Kitchen

  • Oven or Range
  • Disposal

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $62,400
  • The owner pays for garbage, hot water, water

Community Details

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $975
  • Maintenance Expense $2,400
  • Other Expense $2,496
  • Utility Expense $1,572
  • Operating Expense $23,433
  • Gross Income $64,800

Additional Features

  • 3,934 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R325
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 181.75
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3934
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3934
  • Laundry: 220 Volt Outlet, Washer/Dryer - Owned Coin-Op, Community Facility

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6600.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6600.00
  • Lot Size Area Min Search: 6600.00
  • Maximum Lot Size: 6600.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 11.56

Multi Family

  • Expense Insurance: 975
  • Expense Landscape: 1200
  • Expense Maintenance: 2400
  • Expenses Other: 2496
  • Expenses Total: 23433
  • Expenses Utility: 1572
  • Expense Water Sewer: 5568
  • Income Annual Gross: 64800.00
  • Income Annual Rental: 62400
  • Income Gross Scheduled: 64800
  • Income Includes: Laundry, Lease
  • Income Laundry: 2400
  • Meters: Separate Electric, Separate Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Hot Water, Utilities - Water, Services - Gardener, Utilities - Gas, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor, Utilities - Electric
  • Owner Pays: Garbage, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric

Range of Values:

--
Value Increase
--
Percent Increase
--
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
08/10/2012 08/10/12 Sold $715,000 -4.5% $182 / Sq Ft
06/12/2012 06/12/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $749,000 -- $190 / 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 $10,201 $880,462 $492,568 $387,894
2024 $10,201 $863,199 $482,910 $380,289
2023 $10,098 $846,275 $473,442 $372,833
2022 $9,938 $829,682 $464,159 $365,523
2021 $9,899 $813,414 $455,058 $358,356
2020 $9,719 $805,074 $450,392 $354,682
2019 $9,708 $789,289 $441,561 $347,728
2018 $9,087 $773,813 $432,903 $340,910
2017 $9,043 $758,641 $424,415 $334,226
2016 $8,855 $743,767 $416,094 $327,673
2015 $8,821 $732,596 $409,844 $322,752
2014 $8,387 $718,246 $401,816 $316,430
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Justin Bautista

    Cassidy Turley Northern California, Inc.

    Section Image

  • M

    Buyer's Agent in 2012

    Moise Nahouraii

    Referral Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81201987

MLSListings

APN: 224-30-100

California Santa Clara County Santa Clara 95050 Downtown Santa Clara

2137 Main St, Santa Clara, CA

Not Listed for Sale

MultiFamily

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