NOT LISTED FOR SALE
8 Beds
4 Baths
2,992 Sq Ft
7,009 Sq Ft Lot

Last Sold July 14, 2020

Last sale price $2,022,500 $676 Per Sq Ft

35 Days on Market

About This Home

As of July 2020

Built-in 1961, the 2,992 square foot building resides on a 6,900 square foot lot in the Mitty neighborhood. The unit mix consists of four, two-bedroom/one-bath units. The building features on-site laundry and reserved covered parking for each unit. Recent improvements include landscaping, sprinkler lines (drip lines & timers), exterior fixtures, roof eaves, exterior paint, wood repair, cleanouts, and all-new dual pane windows. In the past 3 years, the building was upgraded with a new water heater and in the past 10 years, the building was fitted with a pitch competition shingle roof. This property feeds into the Cupertino School District with the schools being Manuel De Vargas Elementary (893 API), Warren E. Hyde Middle (908 API), and Cupertino High (906 API).

Last Agent to Sell the Property

Carlos Azucena

Marcus & Millichap License #01738155 Listed on: 02/10/2020

Last Buyer's Agent

Lucky Pramakhatae

Real Estate eBroker Inc License #01875822

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 7,009

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Parking

  • 4 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Additional Features

  • 7,009 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $98,700
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Maintenance Expense $1,600
  • Other Expense $600
  • Utility Expense $5,377
  • Trash Expense $2,025
  • Operating Expense $37,855
  • Gross Income $97,096

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 2992
  • Stories: 2
  • Security: Fire Alarm

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

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

Utilities

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

Schools

  • High School: 256

Lot Info

  • Lot Acres: 0.1609
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7008.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7008.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 19.93
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 1200
  • Expense Maintenance: 1600
  • Expenses Other: 600
  • Expenses Total: 37855
  • Expenses Utility: 5377
  • Expense Trash: 2025
  • Income Annual Gross: 97096.00
  • Income Annual Rental: 98700
  • Income Gross Scheduled: 100099
  • Income Includes: Laundry, Rents
  • Income Other: 1399
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities, Vacancy Factor
  • 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
07/14/2020 07/14/20 Sold $2,022,500 +1.4% $676 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $1,995,000 -- $667 / 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 $20,798 $1,850,000 $1,650,000 $200,000
2024 $20,798 $2,168,526 $1,929,962 $238,564
2023 $27,128 $2,126,007 $1,892,120 $233,887
2022 $26,891 $2,084,321 $1,855,020 $229,301
2021 $26,557 $2,043,453 $1,818,648 $224,805
2020 $22,366 $1,700,000 $1,550,000 $150,000
2019 $4,654 $217,424 $76,606 $140,818
2018 $4,540 $213,161 $75,104 $138,057
2017 $4,495 $208,982 $73,632 $135,350
2016 $4,333 $204,886 $72,189 $132,697
2015 $4,259 $201,809 $71,105 $130,704
2014 $4,022 $197,857 $69,713 $128,144
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81782120

MLSListings

APN: 381-43-004