NOT LISTED FOR SALE
9 Beds
5 Baths
3,222 Sq Ft
7,514 Sq Ft Lot

Last Sold October 15, 2018

Last sale price $1,461,000 $453 Per Sq Ft

4 Days on Market

Highlights

  • 4 Car Detached Garage
  • Laundry Room
  • Coin Laundry
  • Westmont High School Rated A
  • Tile Flooring

About This Home

As of October 2018

Really nice property that is fully rented with great tenants. One unit has 3 bedrooms and 2 bathrooms with nice fenced yard. Others are 2/1. All units have their own garage and storage in the laundry room. Property is located close to light rail, commuter highways 280/17, shopping and Santana Row. Units 3 and 4 have rent increases for November 2018. Owner has maintained all units in good conditions. Recent City Inspection completed and passed. Campbell schools though buyer will want to confirm specific schools.This is ready to be your investment. Do not disturb tenants but feel free to drive by. Property is subject to a 1031 exchange and buyer to cooperate with exchange at no expense to buyer.

Last Agent to Sell the Property

Jane A. Darwin

EQ1 License #01300072 Listed on: 09/04/2018

Co-Listed By

Mike Bui

EQ1 License #01804689

Last Buyer's Agent

Lakshmi Sathyanarayana

Keller Williams Thrive License #01472095

Keller Williams Thrive

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,514 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • Assigned Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,222 Sq Ft Home
  • 2-Story Property
  • Security Lights
  • Laundry Room

Kitchen

  • Electric Oven
  • Range Hood
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $92,412
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,160
  • Insurance Expense $1,988
  • Maintenance Expense $3,770
  • Other Expense $3,766
  • Utility Expense $4,930
  • Trash Expense $2,148
  • Operating Expense $23,158
  • Gross Income $93,812

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 56
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3222
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Electric
  • Living Sq Ft: 3222
  • Stories: 2
  • Security: Security Lights
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Detached Garage

Utilities

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

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1725
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7512.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7512.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 15.72
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1988
  • Expense Landscape: 1160
  • Expense Maintenance: 3770
  • Expenses Other: 3766
  • Expenses Total: 23158
  • Expenses Utility: 4930
  • Expense Trash: 2148
  • Income Annual Gross: 93812.00
  • Income Annual Rental: 92412
  • Income Gross Scheduled: 93812
  • Income Includes: Laundry, Rents
  • Income Other: 1400
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric

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
10/15/2018 10/15/18 Sold $1,461,000 -0.9% $453 / Sq Ft
09/09/2018 09/09/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $1,474,888 -- $458 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81721575

MLSListings

APN: 305-02-049