NOT LISTED FOR SALE
10 Beds
5 Baths
5,287 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: October 3, 2024

Last sale price $2,125,000 $402 Per Sq Ft

5 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • George C. Payne Elementary School Rated A-
  • Water Softener

About This Home

As of October 2024

36 Lavonne Drive, located in Campbell, offers an investor the opportunity to purchase a massive four-unit apartment building in a fundamentally strong South Bay sub-market. The building is 5,287 square feet (per county records) of improvements. The buildings boast an exceptional unit mix of one (2,000 SF) owners unit and three (1,000 SF) two bed one bath units. The owners unit includes its own private washer & dryer as well as a garage which has immediate potential to be converted into an ADU. All of the units have been well maintained and upgraded throughout the years with most having crown molding, hard wood flooring, new kitchens and bathrooms.

Last Agent to Sell the Property

Fred Rubio

Marcus & Millichap License #01984041 Listed on: 08/14/2024

Last Buyer's Agent

Fred Rubio

Marcus & Millichap License #01984041 Listed on: 08/14/2024

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1967

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,287 Sq Ft Home
  • 2-Story Property

Parking

  • 1 Parking Space
  • 4 Carport Spaces
  • On-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter
  • Water Softener
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $147,420
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $2,160
  • Insurance Expense $4,000
  • Maintenance Expense $2,000
  • Utility Expense $5,580
  • Trash Expense $2,638
  • Operating Expense $48,403
  • Gross Income $154,637

Property Details

Home Type

Multi-Family

Year Built

1967

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5287
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Interior Features

  • Living Sq Ft: 5287
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Flat / Low Pitch

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Carport, On Street
  • Carport Min: 4

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street

Lot Info

  • Lot Acres: 0.1900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8276.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8276.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 14.74
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 4000
  • Expense Landscape: 2160
  • Expense Maintenance: 2000
  • Expenses Total: 48403
  • Expenses Utility: 5580
  • Expense Trash: 2638
  • Income Annual Gross: 154637.00
  • Income Annual Rental: 147420
  • Income Gross Scheduled: 159420
  • Income Includes: Laundry, Rents
  • Income Other: 12000
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Trash Removal, Utilities, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Sep 26, 2024
Sold by
Bought by
Seller's Agent
Fred Rubio
Marcus & Millichap
Buyer's Agent
Fred Rubio
Marcus & Millichap
List Price
$2,350,000
Sold Price
$2,125,000
Premium/Discount to List
-$225,000
-9.57%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,025,000
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2018
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2018
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 25, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.79%

Purchase Details

Closed on
Mar 31, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.79%

Purchase Details

Closed on
Feb 6, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,125,000 First American Title
-- None Available
-- None Available
-- None Available
-- None Available
-- North American Title Co Inc
-- --
-- Financial Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,008,000
Closed $2,014,600
Closed $2,025,000
Previous Owner $417,000
Previous Owner $325,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/03/2024 10/03/24 Sold $2,125,000 -9.6% $402 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $2,350,000 -- $444 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $29,121 $2,167,500 $1,626,900 $540,600
2025 $6,171 $2,125,000 $1,595,000 $530,000
2024 $6,171 $277,189 $83,142 $194,047
2023 $6,136 $271,755 $81,512 $190,243
2022 $6,089 $266,427 $79,914 $186,513
2021 $5,879 $261,204 $78,348 $182,856
2020 $5,667 $258,527 $77,545 $180,982
2019 $5,407 $253,459 $76,025 $177,434
2018 $5,195 $248,490 $74,535 $173,955
2017 $5,041 $243,619 $73,074 $170,545
2016 $4,707 $238,843 $71,642 $167,201
2015 $4,558 $235,256 $70,566 $164,690
2014 -- $230,648 $69,184 $161,464
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81976747

MLSListings

APN: 307-51-024

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