Steven Wen
Keller Williams Thrive
(669) 279-4702
90 Total Sales
1 in Campbell
$2,800,000 Price
240 Adler Ave Campbell, CA 95008
Campbell Area
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
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 4, 2022
Closed on
Apr 22, 2022
Sold by
Bought by
Seller's Agent
Kyle De Mattei
Katz Inc
Buyer's Agent
May Cheung
Realty World Golden Hills
List Price
$1,788,000
Sold Price
$2,120,000
Premium/Discount to List
$332,000
18.57%
Purchase Details
Closed on
Dec 7, 2011
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 15, 2003
Sold by
Bought by
Purchase Details
Closed on
Jan 13, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.97%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Campbell, CA
-
Steven Wen
-
Ensy Afdari
Ensy Afdari
Golden Gate Sotheby's International Realty
(669) 356-6075
16 Total Sales
2 in Campbell
$540K - $2.9M Price Range
-
Michael Camarena
Michael Camarena
Intempus Realty
(669) 266-2775
30 Total Sales
1 in Campbell
$1,256,000 Price
-
Jenny Thuong
Jenny Thuong
BRG Realty
(866) 751-8732
26 Total Sales
1 in Campbell
$655,000 Price
-
Katherine Hunt
Katherine Hunt
Compass
(650) 753-5331
33 Total Sales
1 in Campbell
$1,650,000 Price
-
Ranon Lanners
Ranon Lanners
Christie's Int'l RE Sereno
(669) 279-4009
39 Total Sales
1 in Campbell
$1,470,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,130,000 | First American Title | ||
| -- | None Available | ||
| -- | -- | ||
| -- | Alliance Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,272,000 | ||
| Previous Owner | $272,000 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $300,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $29,993 | $2,294,754 | $1,721,066 | $573,688 |
| 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
-
K
Seller's Agent in 2022
Kyle De Mattei
Katz Inc
-
Eric Katz
Seller Co-Listing Agent in 2022
Eric Katz
Katz Inc
(408) 438-0969
30 Total Sales
-
May Cheung
Buyer's Agent in 2022
May Cheung
Realty World Golden Hills
(408) 307-0933
9 Total Sales
Map
Source: MLSListings
MLS Number: ML81880982
APN: 305-38-043
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