NOT LISTED FOR SALE

290 Marylinn Dr Milpitas, CA 95035

8 Beds
4 Baths
3,699 Sq Ft
0.25 Acres

Last Sold June 30, 2021

Last sale price $1,800,000 $487 Per Sq Ft

5 Days on Market

Highlights

  • Storage Room
  • Tile Flooring
  • Fenced
  • Anthony Spangler Elementary School Rated A
  • Coin Laundry
  • Back Yard

About This Home

As of June 2021

First time on the market in over 40 years! This 4-unit, pride of ownership property, has a fantastic unit mix of (4) 2 bedroom 1 bath units. 3 of the 4 units are townhouse-style, however each unit has their own private yard. The property is situated on an oversized 9,750 sq. ft. corner parcel and boasts an attractive 2:1 parking ratio. 290 Marylinn is conveniently located in close proximity to downtown Milpitas, schools, retail and recreation amenities (Walkscore of 80 "Very Walkable"), numerous Silicon Valley employers, and major transportation arteries such as 880 and 680 freeways, the newly constructed BART Station, and San Jose International Airport. Rarely do properties become available in this desirable neighborhood of Milpitas!

Last Agent to Sell the Property

Matt Murray

Cornish & Carey Commercial License #02083830 Listed on: 05/19/2021

Co-Listed By

Joel Hopman

Newmark Cornish & Carey License #01934574

Last Buyer's Agent

Joel Hopman

Newmark Cornish & Carey License #01934574

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 0.25 Acre Lot
  • Fenced
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,699 Sq Ft Home
  • 2-Story Property
  • Storage Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $90,000

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $3,043
  • Maintenance Expense $5,382
  • Utility Expense $6,173
  • Trash Expense $1,427
  • Operating Expense $38,160
  • Gross Income $87,722

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3699
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: Cooktop - Electric, Dishwasher, Garbage Disposal, Oven - Electric, Refrigerator
  • Living Sq Ft: 3699
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Fenced

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, Covered Parking

Utilities

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

Lot Info

  • Lot Acres: 0.2540
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11065.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11065.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.74
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3043
  • Expense Landscape: 1200
  • Expense Maintenance: 5382
  • Expenses Total: 38160
  • Expenses Utility: 6173
  • Expense Trash: 1427
  • Income Annual Gross: 87722.00
  • Income Annual Rental: 90000
  • Income Gross Scheduled: 90435
  • Income Includes: Laundry
  • Income Other: 435
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • 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 List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $1,800,000 +6.2% $487 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $1,695,000 -- $458 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matt Murray

    Cornish & Carey Commercial

  • J

    Seller Co-Listing Agent in 2021

    Joel Hopman

    Newmark Cornish & Carey

    (650) 688-8536

    1 in this area

    42 Total Sales

    Joel Hopman
    Section Image
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Map

Source: MLSListings

MLS Number: ML81844578

MLSListings

APN: 022-09-018

California Santa Clara County Milpitas 95035

290 Marylinn Dr, Milpitas, CA

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