NOT LISTED FOR SALE
8 Beds
4 Baths
3,608 Sq Ft
9,627 Sq Ft Lot

Last Sold January 04, 2022

Last sale price $2,028,000 $562 Per Sq Ft

13 Days on Market

Highlights

  • Tile Countertops
  • Tile Flooring
  • Coin Laundry
  • Westmont High School Rated A

About This Home

As of January 2022

Very well maintained four unit investment property in highly desirable rental location of Campbell. Just a short walk (less than one mile) to downtown Campbell, the Valley's newest trendy nightlife and eatery hotspot! The two bedroom / one bath units are large (900 SF) and are in very good condition. Both the owner and the long term tenants have taken excellent care of the units, as evidenced in the property inspection report. The property has been in the family for more than 30 years and in the last 10 years the following capital improvements have been completed: Hot water heater (2019), Roof (2018), painting of eaves, fascia and railing (2018), Asphalt driveway and sealing (2017), Copper plumbing(2011-2012), building exterior paint (~2010), Property line fence (2007), upper deck resurfacing (2002), double pane windows (1996). The washer and dryer onsite are owned by the property and will be transferred with the sale.

Last Agent to Sell the Property

Michael Shields

SiliconValley MultiFamilyGroup License #01327546 Listed on: 11/05/2021

Last Buyer's Agent

Quyen Phan

Mekong Realty & Mortgage, Inc. License #01316891

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 9,627 Sq Ft Lot

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,608 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Assigned Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $82,800

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $775
  • Insurance Expense $5,447
  • Maintenance Expense $886
  • Other Expense $969
  • Utility Expense $4,625
  • Trash Expense $2,212
  • Operating Expense $42,155
  • Gross Income $80,316

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3608
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Tile, Hood Over Range, Oven - Electric, Refrigerator
  • Living Sq Ft: 3608
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Carport
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Schools

  • High School: 242

Lot Info

  • Lot Acres: 0.2210
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9628.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9628.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 24.61
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 5447
  • Expense Landscape: 775
  • Expense Maintenance: 886
  • Expenses Other: 969
  • Expenses Total: 42155
  • Expenses Utility: 4625
  • Expense Trash: 2212
  • Income Annual Gross: 80316.00
  • Income Annual Rental: 82800
  • Income Gross Scheduled: 84322
  • Income Includes: Laundry, Rents
  • Income Other: 1522
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Fee - License/Advertising, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
01/04/2022 01/04/22 Sold $2,028,000 -2.3% $562 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $2,075,000 -- $575 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $27,948 $2,152,129 $1,613,036 $539,093
2024 $27,948 $2,109,931 $1,581,408 $528,523
2023 $27,572 $2,068,560 $1,550,400 $518,160
2022 $26,260 $1,938,000 $1,428,000 $510,000
2021 $4,153 $136,116 $41,801 $94,315
2020 $3,963 $134,721 $41,373 $93,348
2019 $3,809 $132,080 $40,562 $91,518
2018 $3,633 $129,491 $39,767 $89,724
2017 $3,496 $126,953 $38,988 $87,965
2016 $3,270 $124,465 $38,224 $86,241
2015 $3,101 $122,596 $37,650 $84,946
2014 $2,867 $120,196 $36,913 $83,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81869377

MLSListings

APN: 305-20-003