NOT LISTED FOR SALE

50 E 5th St Morgan Hill, CA 95037

8 Beds
6 Baths
4,316 Sq Ft
9,583 Sq Ft Lot

Last Sold August 09, 2017

Last sale price $1,570,000 $364 Per Sq Ft

34 Days on Market

Highlights

  • Traditional Architecture
  • 5-minute walk to Morgan Hill
  • Fireplace
  • Ann Sobrato High School Rated A
  • Granite Countertops
  • 3-minute walk to Railroad Park

About This Home

As of August 2017

Incredible investment opportunity/Well maintained 4 plex in downtown Morgan Hill/Some updating in some units (laminate flooring, granite, etc.)/Fireplaces in each unit/2 units with private yards/Each unit with single car garage/Beautiful front landscaping/Current rents are low - Market rents estimated at $2200/month = $105,600/year.

Last Agent to Sell the Property

Roger Malech

Intero Real Estate Services License #00835463 Listed on: 05/26/2017

Intero Real Estate Services

Last Buyer's Agent

Renee Patterson

Intero Real Estate Services License #01164236

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1987

Lot Details

  • Level Lot
  • Back Yard

Parking

  • 4 Car Attached Garage
  • Secured Garage or Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Tudor Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,316 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Dishwasher
  • Granite Countertops
  • Tile Countertops

Flooring

  • Carpet
  • Stone
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $87,600

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $2,500
  • Manager Expense $5,256
  • Utility Expense $600
  • Operating Expense $15,422
  • Gross Income $87,600

Property Details

Home Type

Multi-Family

Year Built

1987

Lot Details

0

Parking

4

Listing Details

  • Zoning: R2
  • Subclass: Fourplex
  • Style: Traditional, Tudor
  • Age: 30
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4316
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1987

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Granite, Countertop - Tile, Dishwasher
  • Living Sq Ft: 4316
  • Stories: 2
  • Security: Secured Garage / Parking
  • Laundry: Hookups Only
  • Flooring: Carpet, Stone, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air - Gas, Fireplace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Morgan Hill Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9600.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 18.25
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 2500
  • Expense Management: 5256
  • Expenses Total: 15422
  • Expenses Utility: 600
  • Income Annual Gross: 87600.00
  • Income Annual Rental: 87600
  • Income Gross Scheduled: 87600
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Fee - Property Management, Insurance, Maintenance, Utilities - Water
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2017 08/09/17 Sold $1,570,000 -1.8% $364 / Sq Ft
06/30/2017 06/30/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $1,599,000 -- $370 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81653366

MLSListings

APN: 726-13-006