NOT LISTED FOR SALE

2351 William Dr Santa Clara, CA 95050

8 Beds
4 Baths
3,117 Sq Ft
6,900 Sq Ft Lot

Last Sold April 29, 2022

Last sale price $1,913,000 $614 Per Sq Ft

12 Days on Market

Highlights

  • Stone Countertops
  • Tile Flooring
  • Coin Laundry
  • Bowers Elementary School Rated A-
  • Ceiling Fan
  • Washer and Dryer

About This Home

As of April 2022

Rare find that dose not come up very often, 100% occupancy and long term tenants! Great investment opportunity ideally located near the Bay Areas major employments, Mission College, San Jose Airport, Lawrence Caltrain Station, and Santa Clara University. This well maintained fourplex features all 2 bedroom and 1 bathroom units with updated kitchens, bathrooms, recessed lights, laminate flooring, updated balconies with composite deck boards, newer appliances, double pane windows, plenty of parking spaces, on-site coin operated laundry room, and new exterior paint. Great proximity to San Tomas Creek Trail, Santa Clara Town Center, and AMC Mercado Shopping Center. Perfect location for commuters with easy access to 101/880/87. Do not miss out on your opportunity to own this amazing income property in the heart of Silicon Valley.

Last Agent to Sell the Property

Alice Chakhmazova

Coldwell Banker Realty License #01419568 Listed on: 03/11/2022

Coldwell Banker Realty

Last Buyer's Agent

Alice Chakhmazova

Coldwell Banker Realty License #01419568 Listed on: 03/11/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 6,900 Sq Ft Lot

Home Design

  • Quadruplex
  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,117 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Parking

  • 5 Parking Spaces
  • No Garage
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $98,400
  • Month-to-Month Lease Term

Community Details

Building Details

  • 4 Leased Units
  • Insurance Expense $4,700
  • Utility Expense $7,712
  • Operating Expense $25,655
  • Gross Income $96,432

Additional Features

  • 3,117 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: R325
  • Subclass: Fourplex
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3117
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3117
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Wood Shakes / Shingles

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: No Garage, Off-Street Parking, Parking Area

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 400
  • HOA Exist: Yes

Schools

  • School District: Santa Clara Unified

Lot Info

  • Lot Acres: 0.1584
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6899.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6899.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 17.76
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 4700
  • Expenses Total: 25655
  • Expenses Utility: 7712
  • Income Annual Gross: 96432.00
  • Income Annual Rental: 98400
  • Income Gross Scheduled: 98400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 2

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
04/29/2022 04/29/22 Sold $1,913,000 +9.4% $614 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $1,748,000 +79.3% $561 / Sq Ft
04/18/2014 04/18/14 Sold $975,000 +5.4% $313 / Sq Ft
03/21/2014 03/21/14 Pending -- -- --
03/01/2014 03/01/14 For Sale $925,000 -- $297 / 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: ML81881948

MLSListings

APN: 224-32-092