$1,930,000
SOLD MAR 7, 2025
8 Beds
7 Baths
3,973 Sq Ft
9,635 Sq Ft Lot

Recently Sold

$486 Per Sq Ft

2% Below List Price

15 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Laundry Room
  • Del Mar High School Rated A-
  • 5 Car Detached Garage
  • Forced Air Heating System

About This Home

As of March 2025

Amazing Investment Opportunity in Prime Hamann Park Location between Downtown Campbell and Santana Row! 4 Excellent Apartments including a 1311 sq ft 3/2, 1100 sq ft 2/1.5, 988 2/1.5 and 676 sq ft 1/1. This 4-plex sits on a 9,636 Sq Ft corner lot and is surrounded by multi-million dollar homes. The property is fully occupied with a mix of 1-yr lease and month-to-month agreements. Historically each unit has been easy to rent and residents tend to stay for a long time. Three of the apartments have enclosed garages and there is plenty of off-street and street parking. Laundry is on site with a fairly new washer and dryer in the community laundry room. Gross monthly rent income is currently $10,002 a month. Nearby Schools Include: Castlemont Elementary, Monroe Middle, Del Mar High. This is the perfect location, Close to Restaurants, Coffee Shops, Hwy 17 and 280 and blocks from Marijane Hamann Park.

Last Agent to Sell the Property

David Montagna

Coldwell Banker Realty License #70000227

Coldwell Banker Realty

Last Buyer's Agent

Adam Atito

Atito Realty License #01260271

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 9,635 Sq Ft Lot
  • Level Lot

Parking

  • 5 Car Detached Garage
  • Uncovered Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,973 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Private Sewer

Listing and Financial Details

  • Total Actual Rent $120,024
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $2,232
  • Insurance Expense $2,614
  • Utility Expense $3,425
  • Trash Expense $2,672
  • Operating Expense $19,774
  • Gross Income $114,023

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Parking

5

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 57
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3973
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Living Sq Ft: 3973
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition, Shingle
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Spaces: 5
  • Parking Spaces: 8
  • Garage Parking Features: Detached Garage, Off-Street Parking, Parking Area, Uncovered Parking, Varies By Unit

Utilities

  • Heating System: Electric, Forced Air, Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Private

Schools

  • School District: Campbell Union High
  • Elementary School: Castlemont Elementary
  • Middle School: Monroe Middle
  • High School: Del Mar High
  • High School: 239
  • Elementary School: 52
  • Middle School: 60

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2212
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9636.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9636.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written, Month To Month, Security Deposit
  • Gross Rent Multiplier: 16.46
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities
  • Expense Insurance: 2614
  • Expense Landscape: 2232
  • Expenses Total: 19774
  • Expenses Utility: 3425
  • Expense Trash: 2672
  • Income Annual Gross: 114023.00
  • Income Annual Rental: 120024
  • Income Gross Scheduled: 120024
  • Income Includes: Lease
  • Meters: Separate Common Area
  • Number Of Buildings: 1
  • Operating Expenses Include: Review With Offer
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

Map

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
03/07/2025 03/07/25 Sold $1,930,000 -2.3% $486 / Sq Ft
02/23/2025 02/23/25 Pending -- -- --
02/07/2025 02/07/25 For Sale $1,975,000 -- $497 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML81993215

MLSListings

APN: 279-14-001