NOT LISTED FOR SALE
7 Beds
6 Baths
4,087 Sq Ft
9,400 Sq Ft Lot

Last Sold November 02, 2020

Last sale price $2,170,000 $531 Per Sq Ft

53 Days on Market

Highlights

  • Fireplace
  • Del Mar High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of November 2020

First time on the market ever! This 4 unit property is owned by the Di Salvo family who built the property and for whom the street is named after. We offer an owners unit is more like a single family home than most, with 3 large bedrooms and 3 full baths, living room, separate family room and large dining area connected to the kitchen. Extra storage is provided with a large, clean and dry basement with wide stairway and covered access. All this plus a separate workshop and 6 carports. The other 3 units consist of 2, 1Bed/1Bath homes and 1, 2Bed 1Bath home. You will appreciate the "curb appeal" with nicely landscaped front yard and automatic sprinklers. All highly desirable and easy to rent with close proximity to OConnor Hospital, Santana Row and Valley Fair. With easy freeway 880 & 280 access. Absolutely solid construction, built to last the ages with plenty of upside potential.

Last Agent to Sell the Property

Don Perry

Coldwell Banker Realty License #00613226 Listed on: 08/14/2020

Coldwell Banker Realty

Co-Listed By

Michael Lo Monaco

Coldwell Banker Realty License #01242514

Last Buyer's Agent

Anh Dolan

Intero Real Estate Services License #02075840

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 9,400 Sq Ft Lot

Parking

  • 3 Car Garage
  • 4 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 4,087 Sq Ft Home
  • 2-Story Property
  • Fireplace

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $124,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,080
  • Insurance Expense $3,800
  • Manager Expense $8,700
  • Utility Expense $4,980
  • Trash Expense $3,180
  • Operating Expense $25,380
  • Gross Income $125,280

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

0

Parking

3

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 51
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4087
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Living Sq Ft: 4087
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Construction Type: Masonry, Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, On Street, Room For Oversized Vehicle
  • Carport Min: 4

Utilities

  • Cooling System: Central Ac, Window / Wall Unit
  • Heating System: Central Forced Air - Gas, Electric, Fireplace, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.2158
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9402.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9402.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 17.56
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 3800
  • Expense Landscape: 1080
  • Expense Management: 8700
  • Expenses Total: 25380
  • Expenses Utility: 4980
  • Expense Trash: 3180
  • Income Annual Gross: 125280.00
  • Income Annual Rental: 124800
  • Income Gross Scheduled: 125280
  • Income Includes: Laundry
  • Income Other: 480
  • Meters: Separate Common Area
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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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 Change Sq Ft Price
11/02/2020 11/02/20 Sold $2,170,000 -1.4% $531 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $2,200,000 -- $538 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81806154

MLSListings

APN: 274-57-025