NOT LISTED FOR SALE

334 Dempsey Rd Milpitas, CA 95035

8 Beds
4 Baths
2,992 Sq Ft
7,653 Sq Ft Lot

Last Sold August 18, 2023

Last sale price $1,650,000 $551 Per Sq Ft

19 Days on Market

About This Home

As of August 2023

334 Dempsey Road presents buyers with an outstanding opportunity to acquire a fourplex investment property. Situated on an approximate 0.1757 acre lot, the offering features an excellent unit mix featuring (4) two-bedroom/one-bath units, each offers an approximate 748 square-feet of living space. This property can also be purchased along with three more fourplexes on separate but contiguous parcels located at 310, 322 and 346 Dempsey Road. Sometimes described as the "Crossroads of Silicon Valley", Milpitas is centrally located within Silicon Valley and the greater Bay Area. Milpitas provides residents with an excellent quality of life featuring great schools, many well maintained local parks and an abundance of shopping centers and places to socialize. The property's excellent location places it in close proximity to 237, 680 and 880 freeways entrances, Milpitas BART and VTA Light Rail stations.

Last Agent to Sell the Property

Chris Saiz

Compass License #01850380 Listed on: 07/21/2023

Compass

Last Buyer's Agent

Christine Nguyen

3C Realty License #01426133

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,653 Sq Ft Lot

Parking

  • 5 Carport Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $126,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Other Expense $20,712
  • Operating Expense $40,445
  • Gross Income $122,220

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

7,653 Sq Ft Lot

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 2992
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Carport, Covered Parking
  • Carport Min: 5

Utilities

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

Lot Info

  • Lot Acres: 0.1757
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7655.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7655.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.10
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expenses Other: 20712
  • Expenses Total: 40445
  • Income Annual Gross: 122220.00
  • Income Annual Rental: 126000
  • Income Gross Scheduled: 126000
  • Income Includes: Rents
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3
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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
08/18/2023 08/18/23 Sold $1,650,000 0.0% $551 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $1,650,000 -- $551 / 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 $19,190 $1,683,000 $1,122,000 $561,000
2024 $19,190 $1,650,000 $1,100,000 $550,000
2023 $6,769 $553,709 $180,354 $373,355
2022 $6,743 $542,853 $176,818 $366,035
2021 $6,647 $532,209 $173,351 $358,858
2020 $6,533 $526,753 $171,574 $355,179
2019 $6,461 $516,425 $168,210 $348,215
2018 $6,142 $506,300 $164,912 $341,388
2017 $6,065 $496,374 $161,679 $334,695
2016 $5,822 $486,642 $158,509 $328,133
2015 $5,764 $479,334 $156,129 $323,205
2014 $5,607 $469,945 $153,071 $316,874
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81935781

MLSListings

APN: 088-03-068

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