K
Seller's Agent in 2022
Kyle De Mattei
Katz Inc
240 Adler Ave Campbell, CA 95008
9
Beds
6
Baths
4,186
Sq Ft
9,953
Sq Ft Lot
Highlights
- Vaulted Ceiling
- 5 Car Attached Garage
- Coin Laundry
- Westmont High School Rated A
- Forced Air Heating System
About This Home
As of April 2022The Magnify Investment Team is pleased to exclusively present the opportunity to acquire 240 Adler Ave, four (4) unit multi-investment property located in the core of Campbell. Constructed in 1968, the property consists of (1) 3-bedroom/2-bath unit, (1) 3-bedroom/1.5bath unit, (1) 2-bedroom/1-bath unit and (1) 1-bedroom/1-bath unit amounting to a building square footage of 4,186. The property sits on almost a quarter acre of land with strong upside in rents, an attached four car garage, a detached single car garage and a two-car carport. The property is in an excellent location, with nearby access to San Tomas Expressway and HWY 17, and a short distance to Downtown Campbell. The two long term tenants are on month-to-month leases while the other tenants are on year-to-year leases. This property is NOT subject to San Jose's Rent Ordinance and there has not been a rent increase this year or the year before.
Last Agent to Sell the Property
Kyle De Mattei
Katz Inc License #02146792 Listed on: 03/04/2022
Property Details
Home Type
- Multi-Family
Year Built
- 1968
Lot Details
- 9,953 Sq Ft Lot
Parking
- 5 Car Attached Garage
- 2 Carport Spaces
Home Design
- Quadruplex
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,186 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Dishwasher
Utilities
- Forced Air Heating System
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $105,900
Community Details
Overview
Amenities
- Coin Laundry
Building Details
- 4 Leased Units
- Gardener Expense $1,100
- Insurance Expense $4,596
- Maintenance Expense $1,200
- Manager Expense $3,177
- Utility Expense $3,960
- Trash Expense $500
- Operating Expense $38,885
- Gross Income $102,723
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2022 04/27/22 | Sold | $2,120,000 | +18.6% | $506 / Sq Ft |
| 03/11/2022 03/11/22 | Pending | -- | -- | -- |
| 03/04/2022 03/04/22 | For Sale | $1,788,000 | -- | $427 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $29,112 | $2,249,760 | $1,687,320 | $562,440 |
| 2024 | $29,112 | $2,205,648 | $1,654,236 | $551,412 |
| 2023 | $28,719 | $2,162,400 | $1,621,800 | $540,600 |
| 2022 | $11,755 | $746,221 | $215,722 | $530,499 |
| 2021 | $11,445 | $731,591 | $211,493 | $520,098 |
| 2020 | $11,073 | $724,091 | $209,325 | $514,766 |
| 2019 | $10,830 | $709,894 | $205,221 | $504,673 |
| 2018 | $10,438 | $695,976 | $201,198 | $494,778 |
| 2017 | $10,215 | $682,330 | $197,253 | $485,077 |
| 2016 | $9,591 | $668,952 | $193,386 | $475,566 |
| 2015 | $9,366 | $658,905 | $190,482 | $468,423 |
| 2014 | $8,983 | $645,999 | $186,751 | $459,248 |
Source: Public Records
Agents Affiliated with this Home
-
-
Eric Katz
Seller Co-Listing Agent in 2022
Eric Katz
Katz Inc
(408) 438-0969
1 in this area
41 Total Sales
-
May Cheung
Buyer's Agent in 2022
May Cheung
Realty World Golden Hills
(408) 307-0933
1 in this area
9 Total Sales
Map
Source: MLSListings
MLS Number: ML81880982
APN: 305-38-043
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