NOT LISTED FOR SALE

236 Echo Ave Campbell, CA 95008

9 Beds
8 Baths
4,126 Sq Ft
7,841 Sq Ft Lot

Last Sold August 02, 2024

Last sale price $2,475,000 $600 Per Sq Ft

75 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Double Pane Windows
  • Westmont High School Rated A
  • 4 Car Detached Garage
  • Walk-In Closet

About This Home

As of August 2024

Explore an exceptional investment opportunity in Campbell with this meticulously maintained 4-plex. Comprising one spacious 3BD/2BA unit and three equally inviting 2BD/2BA units, each residence has undergone extensive renovations in recent years. Modern upgrades include double-pane windows, LED recessed lighting, stainless steel appliances, granite countertops, mosaic tile backsplashes, and updated bathrooms. Additionally, each unit features its own in-unit washer and dryer for added convenience. Residents will appreciate the added benefits of private garages and storage spaces, along with one assigned parking spot for each unit. Situated on a tree-lined street with low-maintenance front yards and sprinkler systems, this property offers a peaceful living environment. It is conveniently located within a short stroll to Downtown Campbell, nearby parks, shopping centers, and desirable schools such as Westmont and Rolling Hills. Currently fully rented with under-market rents 3 of 4 units are month- month. Located within minutes of Los Gatos, major tech companies, SJ Airport, and freeways 17/85, this property offers convenience and connectivity. Don't let this rare opportunity pass you by. Acquire this turnkey investment property in Campbell and start building equity today.

Last Agent to Sell the Property

Elisa Schweizer

Christie's International Real Estate Sereno License #02034011 Listed on: 05/07/2024

Christie's International Real Estate Sereno

Last Buyer's Agent

Chee Lee

Re/Max Accord License #01361559

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • Uncovered Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 4,126 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $136,200
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $720
  • Insurance Expense $3,300
  • Utility Expense $5,400
  • Trash Expense $1,500
  • Operating Expense $31,338
  • Gross Income $132,114

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Parking

4

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4126
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Granite, Dishwasher, Garbage Disposal, Oven - Gas, Refrigerator
  • Living Sq Ft: 4126
  • Stories: 2
  • Flooring: Hardwood, Laminate

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage, Uncovered Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Lot Info

  • Lot Acres: 0.1800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7841.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7841.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 19.09
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 3300
  • Expense Landscape: 720
  • Expenses Total: 31338
  • Expenses Utility: 5400
  • Expense Trash: 1500
  • Income Annual Gross: 132114.00
  • Income Annual Rental: 136200
  • Income Gross Scheduled: 136200
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
08/02/2024 08/02/24 Sold $2,475,000 -4.8% $600 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $2,600,000 -- $630 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Elisa Schweizer

    Seller's Agent in 2024

    Elisa Schweizer

    Sereno Group

    (408) 905-9101

    1 in this area

    33 Total Sales

    Elisa Schweizer
    Section Image

  • C

    Buyer's Agent in 2024

    Chee Lee

    Re/Max Accord

See All Agents

Map

Source: MLSListings

MLS Number: ML81964600

MLSListings

APN: 305-38-019

California Santa Clara County Campbell 95008

236 Echo Ave, Campbell, CA

Not Listed for Sale

MultiFamily

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