Seller's Agent in 2024
Eric Katz
Magnify Real Estate
(408) 438-0969
37 Total Sales
516 Romberg Dr Sunnyvale, CA 94087
5
Beds
4
Baths
2,570
Sq Ft
8,276
Sq Ft Lot
Highlights
- Horse Property
- 2 Car Attached Garage
- Washer and Dryer
- Louis E. Stocklmeir Elementary School Rated A-
- Forced Air Heating System
- Courtyard
About This Home
As of August 2024518 Romberg Dr is a prime investment opportunity featuring 2 units located in the thriving city of Sunnyvale. This property boasts strong in-place rents, ensuring a stable and lucrative income stream for investors. Built in 1972, this property offers 2,600 square feet of building space on an 8,400 square foot lot. Recent capital expenditures include newer appliances throughout and new central air/heat installed in 2021. The unit mix comprises a 3/2 and a 2/2 duplex, both featuring desirable floor plans with windows on all sides, spacious patios/backyards, and in-unit laundry facilities. Situated near highly rated Cupertino schools, including Stocklmeir Elementary, Cupertino Middle, and Fremont High School. The property also offers easy access to Highways 82, 85, and 280, making it an ideal location for families and commuters.
Property Details
Home Type
- Multi-Family
Year Built
- 1970
Lot Details
- 8,276 Sq Ft Lot
- Back Yard
Home Design
- Duplex
- Wood Frame Construction
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,570 Sq Ft Home
- 1-Story Property
- Washer and Dryer
Parking
- 2 Car Attached Garage
- 2 Carport Spaces
- Uncovered Parking
Outdoor Features
- Horse Property
Utilities
- Forced Air Heating System
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $96,000
- Month-to-Month Lease Term
Community Details
Overview
Amenities
- Courtyard
Building Details
- 2 Leased Units
- Gardener Expense $1,500
- Insurance Expense $1,647
- Maintenance Expense $1,800
- Utility Expense $3,357
- Operating Expense $37,541
- Gross Income $93,120
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2024 08/12/24 | Sold | $2,450,000 | -1.5% | $953 / Sq Ft |
| 06/24/2024 06/24/24 | Pending | -- | -- | -- |
| 06/21/2024 06/21/24 | For Sale | $2,488,000 | -- | $968 / Sq Ft |
Source: MLSListings
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 | $16,558 | $2,450,000 | $2,000,000 | $450,000 |
| 2024 | $16,558 | $1,418,591 | $1,017,974 | $400,617 |
| 2023 | $16,435 | $1,390,776 | $998,014 | $392,762 |
| 2022 | $16,343 | $1,363,507 | $978,446 | $385,061 |
| 2021 | $16,192 | $1,336,772 | $959,261 | $377,511 |
| 2020 | $16,008 | $1,323,066 | $949,425 | $373,641 |
| 2019 | $15,655 | $1,297,124 | $930,809 | $366,315 |
| 2018 | $15,295 | $1,271,691 | $912,558 | $359,133 |
| 2017 | $15,225 | $1,246,757 | $894,665 | $352,092 |
| 2016 | $14,755 | $1,222,312 | $877,123 | $345,189 |
| 2015 | $14,674 | $1,203,952 | $863,948 | $340,004 |
| 2014 | -- | $1,180,369 | $847,025 | $333,344 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Katz
Map
Source: MLSListings
MLS Number: ML81970586
APN: 211-33-040
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