$1,942,000
SOLD FEB 6, 2025
9 Beds
4 Baths
3,202 Sq Ft
9,840 Sq Ft Lot

Recently Sold

$606 Per Sq Ft

3% Below List Price

8 Days on Market

Highlights

  • Coin Laundry
  • Branham High School Rated A
  • Vinyl Flooring

About This Home

As of February 2025

Discover a prime investment opportunity with this meticulously maintained 4-plex in Campbell. Offering a desirable mix of unit types, this property presents a solid rental income stream. Key Features: Unit Composition: 3 two-bedroom, one-bathroom units and 1 three-bedroom, one-bathroom owner's unit with a private backyard. Shared Amenities: Enjoy a spacious common backyard area, perfect for gatherings and outdoor activities. Modern Updates: Units feature modern finishes and amenities for tenant comfort. Convenient Laundry: Tap-to-pay laundry facilities offer a hassle-free experience for residents. Development Potential: Explore the possibility of adding two additional units above the carport (subject to city approval and potential carport expansion). 4. Investment Highlights: Strong Rental Income: Benefit from a stable rental income stream. Development Potential: Maximize property value through potential future expansion. Desirable Location: Enjoy the convenience and amenities of Campbell. Don't miss this opportunity to acquire a well-managed 4-plex with excellent investment potential.

Last Agent to Sell the Property

Ismar Maslic

Montalvo Realty License #01313976 Listed on: 01/08/2025

Co-Listed By

Alex Lunginovic

Montalvo Realty License #01136628

Last Buyer's Agent

Usha Chalasani

Target Realty & Mortgage License #01498585

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 9,840 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,202 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $128,000
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Utility Expense $200
  • Trash Expense $200
  • Operating Expense $23,100
  • Gross Income $127,400

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3202
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 3202
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area
  • Carport Min: 4

Utilities

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

Schools

  • School District: Campbell Union High
  • Elementary School: Farnham Charter
  • Middle School: Price Charter Middle
  • High School: Branham High
  • High School: 237
  • Elementary School: 44
  • Middle School: 46

Lot Info

  • Lot Acres: 0.2259
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9840.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9840.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 15.38
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expense Landscape: 1200
  • Expenses Total: 23100
  • Expenses Utility: 200
  • Expense Trash: 200
  • Income Annual Gross: 127400.00
  • Income Annual Rental: 128000
  • Income Gross Scheduled: 130000
  • Income Includes: Laundry
  • Income Other: 2000
  • Meters: Separate Gas, Separate Water, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance
  • Tenant Expenses: Utilities - Electric, Utilities - Water
  • Vacancy Factor: 2

Range of Values:

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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
02/06/2025 02/06/25 Sold $1,942,000 -2.9% $606 / Sq Ft
01/16/2025 01/16/25 Pending -- -- --
01/08/2025 01/08/25 For Sale $1,999,000 -- $624 / 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: ML81989760

MLSListings

APN: 414-05-019