NOT LISTED FOR SALE
9 Beds
5 Baths
3,222 Sq Ft
7,414 Sq Ft Lot

Last Sold October 26, 2021

Last sale price $1,700,000 $528 Per Sq Ft

66 Days on Market

Highlights

  • Custom Home
  • Wood Flooring
  • 4 Car Attached Garage
  • Westmont High School Rated A
  • Corian Countertops
  • Coin Laundry

About This Home

As of October 2021

Great Investment Opportunity. ALL UNITS ARE OCCUPIED. PLEASE DO NOT DISTURB TENANTS OR ENTER THE PROPERTY. Well maintained with long term tenants. No Covid short fall in rent. Hardwood floors. 1 car garage per unit as well as 2 parking spaces per unit. Formica & Corian countertops. Gas wall heating. Coin operated laundry machines. Newer roof. Highly rated and desirable schools. Close to Los Gatos, Campbell and Santana Row. Near parks, shops and restaurants. This Silicon Valley location offers easy access to San Thomas Expy, major freeways, companies and airports.

Last Agent to Sell the Property

Peter Suess

Compass License #01435950 Listed on: 07/13/2021

Compass

Last Buyer's Agent

Sam Jalili

Compass License #02053100

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,414 Sq Ft Lot
  • Level Lot
  • Sprinklers on Timer

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Custom Home
  • Composition Roof
  • Concrete Perimeter Foundation
  • Unreinforced Masonry Building

Interior Spaces

  • 3,222 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Oven or Range
  • Electric Cooktop
  • Corian Countertops
  • Formica Countertops

Utilities

  • Wall Furnace
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $78,185

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $1,782
  • Maintenance Expense $1,800
  • Utility Expense $2,885
  • Trash Expense $1,531
  • Operating Expense $22,658
  • Gross Income $78,185

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

7,414 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Style: Custom
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3222
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Formica, Countertop - Solid Surface / Corian, Oven Range
  • Living Sq Ft: 3222
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Hardwood

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Unreinforced Masonry
  • Roof: Composition
  • Yard/Grounds: Sprinklers - Auto

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 8
  • Garage Parking Features: Attached Garage, Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 242

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1702
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7415.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7415.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.38
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1782
  • Expense Maintenance: 1800
  • Expenses Total: 22658
  • Expenses Utility: 2885
  • Expense Trash: 1531
  • Income Annual Gross: 78185.00
  • Income Annual Rental: 78185
  • Income Gross Scheduled: 78185
  • Income Includes: Rents
  • Meters: Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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
10/26/2021 10/26/21 Sold $1,700,000 -2.9% $528 / Sq Ft
09/18/2021 09/18/21 Pending -- -- --
09/16/2021 09/16/21 Price Changed $1,750,000 -5.4% $543 / Sq Ft
08/25/2021 08/25/21 Price Changed $1,850,000 -7.3% $574 / Sq Ft
07/13/2021 07/13/21 For Sale $1,995,000 -- $619 / 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 $23,301 $1,734,000 $1,295,400 $438,600
2024 $23,301 $1,768,680 $1,300,500 $468,180
2023 $22,862 $1,734,000 $1,275,000 $459,000
2022 $22,687 $1,700,000 $1,250,000 $450,000
2021 $15,027 $1,073,130 $538,536 $534,594
2020 $14,740 $1,062,127 $533,014 $529,113
2019 $14,580 $1,041,302 $522,563 $518,739
2018 $14,194 $1,020,885 $512,317 $508,568
2017 $14,015 $1,000,869 $502,272 $498,597
2016 $13,224 $981,245 $492,424 $488,821
2015 $13,017 $966,507 $485,028 $481,479
2014 $12,520 $947,575 $475,527 $472,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81853373

MLSListings

APN: 305-02-048

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