NOT LISTED FOR SALE
8 Beds
4 Baths
2,992 Sq Ft
6,882 Sq Ft Lot

Sale Details

Date Sold: March 29, 2017

Last sale price $1,565,000 $523 Per Sq Ft

1 Day on Market

About This Home

As of March 2017

Professionally managed 4 unit investment opportunity in prime West San Jose! Lowest price-point in 95129 zip code. Location feeds to award-winning Cupertino Schools: De Vargas (API 893); Hyde (API 908); Cupertino High (API 906). All 2 bedrooms 1 bath unit mix. Very clean units; some containing recent upgrades to kitchens and baths, laminate wood flooring, and copper plumbing. Additionally, the roof was recently replaced and a new water heater was installed in September. Good in-place rents and tenant payment history with attractive upside potential.The property is located within walking distance to Archbishop Mitty and John Mise Park and is in close proximity to the future Apple campus, Westgate Mall, Villa Shopping Center, The Hills at Vallco, and commute routes.

Last Agent to Sell the Property

Joel Hopman

Newmark Cornish & Carey License #01934574 Listed on: 01/27/2017

Last Buyer's Agent

Ivonne Valdes

Coldwell Banker Realty License #01502965

Coldwell Banker Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 6,882 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

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

Parking

  • 4 Carport Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $77,688

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $2,400
  • Insurance Expense $1,250
  • Maintenance Expense $2,400
  • Other Expense $292
  • Utility Expense $4,915
  • Trash Expense $2,581
  • Operating Expense $33,627
  • Gross Income $76,230

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

6,882 Sq Ft Lot

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

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

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

Utilities

  • Cooling System: Ceiling Fan, Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 256

Lot Info

  • Lot Acres: 0.1580
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6900.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6900.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.72
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1250
  • Expense Landscape: 2400
  • Expense Maintenance: 2400
  • Expenses Other: 292
  • Expenses Total: 33627
  • Expenses Utility: 4915
  • Expense Trash: 2581
  • Income Annual Gross: 76230.00
  • Income Annual Rental: 77688
  • Income Gross Scheduled: 78588
  • Income Includes: Laundry
  • Income Other: 900
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • 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
Jan 27, 2017
Closed on
Mar 2, 2017
Sold by
Bought by
Seller's Agent
Joel Hopman
Newmark Cornish & Carey
Buyer's Agent
Ivonne Valdes
Coldwell Banker Realty
List Price
$1,550,000
Sold Price
$1,565,000
Premium/Discount to List
$15,000
0.97%

Purchase Details

Closed on
Jun 14, 2011
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
$510,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 7, 2005
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
$405,000
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage
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
$1,565,000 Chicago Title Company
-- Stewart Title Of California
-- Stewart Title Of California
-- None Available
$760,000 First American 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
Previous Owner $510,000
Previous Owner $135,000
Previous Owner $127,000
Previous Owner $405,000
Previous Owner $2,500,000
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
03/29/2017 03/29/17 Sold $1,565,000 +1.0% $523 / Sq Ft
01/29/2017 01/29/17 Pending -- -- --
01/27/2017 01/27/17 For Sale $1,550,000 -- $518 / 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 $23,585 $1,852,639 $1,331,771 $520,868
2025 $22,906 $1,816,313 $1,305,658 $510,655
2024 $22,906 $1,780,700 $1,280,057 $500,643
2023 $22,633 $1,745,785 $1,254,958 $490,827
2022 $22,483 $1,711,554 $1,230,351 $481,203
2021 $22,186 $1,677,995 $1,206,227 $471,768
2020 $21,899 $1,660,790 $1,193,859 $466,931
2019 $21,479 $1,628,226 $1,170,450 $457,776
2018 $20,890 $1,596,300 $1,147,500 $448,800
2017 $13,969 $996,859 $600,519 $396,340
2016 $13,535 $977,314 $588,745 $388,569
2015 $13,419 $962,635 $579,902 $382,733
2014 $12,980 $943,779 $568,543 $375,236
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81636927

MLSListings

APN: 381-43-001

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