NOT LISTED FOR SALE

260 Richfield Dr San Jose, CA 95129

Loma Linda Neighborhood
9 Beds
6 Baths
3,827 Sq Ft
6,996 Sq Ft Lot

Last Sold August 27, 2021

Last sale price $2,175,000 $568 Per Sq Ft

4 Days on Market

Highlights

  • 5 Car Attached Garage
  • Manuel De Vargas Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of August 2021

Great 4-Plex in the Cupertino School District. Great investment. Unit 1: 3 bed 2 bath is rented on a 2 year lease (1 year left). Other 3 units have been vacated of long time tenants and been updated with new carpets, updated kitchen in unit 4, granite counters in 2 units. Now ready for new tenants at current market rates which are estimated to be in the $2700 - $2800/mth range. Insurance includes Earthquake at $5532. Dual-Pane Windows, Window A/Cs.Presidential composition roof and painted white to deflect black body radiation and make the units so much more energy efficient. 6- car garage. 2 slots for the 3/2 and 1 each for the other units. With roll up garage doors and remotes. Fantastic reinforced concrete driveway that will last for a long. long time. As compared to asphalt for the neighbors. Newer sewer lateral. Coper piping. Schools are Vargas Elementary, Hyde Middle & Cupertino High! (buyers should verify availability).

Last Agent to Sell the Property

Nomita Shahani

Compass License #00941564 Listed on: 08/13/2021

Compass

Last Buyer's Agent

Shashi Jaggia

Bayview Residential Brokerage License #01006028

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 6,996 Sq Ft Lot

Parking

  • 5 Car Attached Garage

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,827 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,080
  • Insurance Expense $7,746
  • Maintenance Expense $1,000
  • Utility Expense $3,285
  • Trash Expense $1,881
  • Operating Expense $18,998
  • Gross Income $35,136

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Parking

5

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 56
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3827
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 3827
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 5
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Fremont Union High

Lot Info

  • Lot Acres: 0.1606
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6994.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6994.00

Rental Info

  • Existing Lease Term(s): 2 Years Lease
  • Gross Rent Multiplier: 58.88
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 7746
  • Expense Landscape: 1080
  • Expense Maintenance: 1000
  • Expenses Total: 18998
  • Expenses Utility: 3285
  • Expense Trash: 1881
  • Income Annual Gross: 35136.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36600
  • Income Includes: Laundry, Rents
  • Income Other: 600
  • Meters: Master Electric, Master Water, Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 4

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
08/27/2021 08/27/21 Sold $2,175,000 +0.9% $568 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $2,155,000 -- $563 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Nomita Shahani

    Compass

    Section Image
  • Shashi Jaggia

    Buyer's Agent in 2021

    Shashi Jaggia

    Bayview Residential Brokerage

    (650) 464-4211

    1 in this area

    9 Total Sales

    Shashi Jaggia
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81858390

MLSListings

APN: 296-39-061

California Santa Clara County San Jose 95129 Loma Linda

260 Richfield Dr, San Jose, CA

This home is located at 260 Richfield Dr, San Jose, CA 95129 since 13 August 2021. This property was built in 1965. 260 Richfield Dr is a home located in Santa Clara County with nearby schools including Manuel De Vargas Elementary School, Warren E. Hyde Middle School, and Cupertino High School.

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