NOT LISTED FOR SALE

2835 Malabar Ave Santa Clara, CA 95051

Pruneridge Neighborhood
8 Beds
5 Baths
3,776 Sq Ft
7,518 Sq Ft Lot

Last Sold June 14, 2023

Last sale price $2,286,000 $605 Per Sq Ft

10 Days on Market

Highlights

  • Corian Countertops
  • Balcony
  • Laundry Room
  • Dwight D. Eisenhower Elementary School Rated A-
  • 4 Car Detached Garage
  • Tile Flooring

About This Home

As of June 2023

Well maintained fourplex located in a highly desirable Santa Clara location and has been held by the same family for more than 23 years! Unit mix: ONE - 3BD/2BA unit (1662 sqft) with two fireplaces, forced heat & central AC. TWO - 2BD/1BA units, each with a private patio, both with forced heat and window or wall AC units. ONE - 1BD/1BA unit with wall heater and private patio. Each unit has a private garage with storage lockers and one additional parking space in front of garage. Unit 4 pays $120/mo for 3rd parking space. All units are in good condition with laminate or LVT flooring in each unit. Water heater was replaced in 2018, roof replaced in 2017. Furnaces in units 3 & 4 were replaced in 2014. Onsite laundry facility that generates approximately $100/month. Equipment owned and will be transferred with sale. Cupertino School District and less than 4 miles to the Apple campus, less than 2 miles to shopping, restaurants and entertainment at Westfield Valley Fair Mall & Santana Row.

Last Agent to Sell the Property

Michael Shields

SiliconValley MultiFamilyGroup License #01327546 Listed on: 05/01/2023

Last Buyer's Agent

Michael Shields

SiliconValley MultiFamilyGroup License #01327546 Listed on: 05/01/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,518 Sq Ft Lot
  • Drought Tolerant Landscaping
  • Grass Covered Lot

Parking

  • 4 Car Detached Garage
  • Uncovered Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,776 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Alarm System
  • Laundry Room

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Corian Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $111,720

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,738
  • Maintenance Expense $500
  • Other Expense $2,299
  • Utility Expense $5,323
  • Trash Expense $2,113
  • Operating Expense $40,984
  • Gross Income $110,929

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3776
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Cooktop - Electric, Cooktop - Gas, Countertop - Solid Surface / Corian, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Built-In, Refrigerator
  • Living Sq Ft: 3776
  • Stories: 2
  • Security: Security Alarm, Varies By Unit
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Shingle
  • Yard/Grounds: Balcony / Patio, Drought Tolerant Plants, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 5
  • Garage Parking Features: Detached Garage, Uncovered Parking

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Schools

  • School District: Fremont Union High
  • Elementary School: Dwight D. Eisenhower Elementary
  • Middle School: Warren E. Hyde Middle
  • High School: Cupertino High
  • High School: 256
  • Elementary School: 75
  • Middle School: 81

Lot Info

  • Lot Acres: 0.1726
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7517.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7517.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.55
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1738
  • Expense Landscape: 600
  • Expense Maintenance: 500
  • Expenses Other: 2299
  • Expenses Total: 40984
  • Expenses Utility: 5323
  • Expense Trash: 2113
  • Income Annual Gross: 110929.00
  • Income Annual Rental: 111720
  • Income Gross Scheduled: 114360
  • Income Includes: Laundry, Parking
  • Income Other: 2640
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Professional Services, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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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
06/14/2023 06/14/23 Sold $2,286,000 -2.7% $605 / Sq Ft
05/12/2023 05/12/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $2,350,000 -- $622 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Shields

    Seller's Agent in 2023

    Michael Shields

    SiliconValley MultiFamilyGroup

    (408) 356-1900

    1 in this area

    36 Total Sales

    Michael Shields
    Section Image
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Map

Source: MLSListings

MLS Number: ML81926569

MLSListings

APN: 296-33-029

California Santa Clara County Santa Clara 95051 Pruneridge

2835 Malabar Ave, Santa Clara, CA

This home is located at 2835 Malabar Ave, Santa Clara, CA 95051 since 01 May 2023. This property was built in 1963. 2835 Malabar Ave is a home located in Santa Clara County with nearby schools including Dwight D. Eisenhower Elementary School, Warren E. Hyde Middle School, and Cupertino High School.

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