NOT LISTED FOR SALE
6 Beds
5 Baths
3,264 Sq Ft
6,482 Sq Ft Lot

Last Sold March 29, 2019

Last sale price $2,050,000 $628 Per Sq Ft

89 Days on Market

Highlights

  • Granite Countertops
  • Laundry Room
  • Coin Laundry
  • Dwight D. Eisenhower Elementary School Rated A-
  • Forced Air Heating System
  • Carpet

About This Home

As of March 2019

Very well maintained 4-plex located within the Cupertino school district and Santa Clara. This fully rented apartment is ready for the next owner to sit back, relax and collect the passive income this property will produce. Roof is less than 5 years old, most units have remodeled kitchen and baths. Carport with extra storage for tenants. Front unit has 2 bdrms & 2 baths with a large living room w/ fireplace. Low maintenance yards. Great location just minutes away from the new Apple campus. Close to major freeways and expressways. Do not miss out on your opportunity to own investment property in the Cupertino school district and the center of Silicon Valley.

Last Agent to Sell the Property

Myron Von Raesfeld

Windermere Silicon Valley License #00866594 Listed on: 11/17/2018

Windermere Silicon Valley

Last Buyer's Agent

Shufang Chen

Green Valley Realty USA License #01395098

Green Valley Realty USA

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 6,482 Sq Ft Lot

Home Design

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

Interior Spaces

  • 3,264 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Carport Spaces
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $96,540

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,570
  • Maintenance Expense $1,200
  • Manager Expense $7,443
  • Other Expense $157
  • Utility Expense $4,603
  • Trash Expense $2,800
  • Operating Expense $24,612
  • Gross Income $96,070

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

6,482 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3264
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Countertop - Granite, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Refrigerator
  • Living Sq Ft: 3264
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Carport, Off-Street Parking
  • Carport Min: 4

Utilities

  • Heating System: Central Forced Air - Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1488
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6480.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6480.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 21.64
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1570
  • Expense Landscape: 600
  • Expense Maintenance: 1200
  • Expense Management: 7443
  • Expenses Other: 157
  • Expenses Total: 24612
  • Expenses Utility: 4603
  • Expense Trash: 2800
  • Income Annual Gross: 96070.00
  • Income Annual Rental: 96540
  • Income Gross Scheduled: 97040
  • Income Includes: Coin Operated Equip, Laundry, Rents
  • Income Other: 500
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Maintenance, Maintenance - Capital Improvements, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 1
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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
03/29/2019 03/29/19 Sold $2,050,000 -2.4% $628 / Sq Ft
02/15/2019 02/15/19 Pending -- -- --
01/28/2019 01/28/19 Price Changed $2,099,950 -2.3% $643 / Sq Ft
01/17/2019 01/17/19 Price Changed $2,149,950 -2.3% $659 / Sq Ft
11/17/2018 11/17/18 For Sale $2,199,950 -- $674 / Sq Ft
Source: MLSListings

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 $26,000 $2,286,809 $1,729,053 $557,756
2024 $26,000 $2,241,970 $1,695,150 $546,820
2023 $26,000 $2,198,011 $1,661,912 $536,099
2022 $25,514 $2,154,914 $1,629,326 $525,588
2021 $25,273 $2,112,662 $1,597,379 $515,283
2020 $25,001 $2,091,000 $1,581,000 $510,000
2019 $6,863 $542,048 $203,263 $338,785
2018 $6,711 $531,421 $199,278 $332,143
2017 $6,685 $521,002 $195,371 $325,631
2016 $6,482 $510,788 $191,541 $319,247
2015 $6,446 $503,116 $188,664 $314,452
2014 $6,276 $493,262 $184,969 $308,293
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81731568

MLSListings

APN: 296-34-002

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