NOT LISTED FOR SALE

525 N Abel St Milpitas, CA 95035

8 Beds
-- Bath
3,699 Sq Ft
8,712 Sq Ft Lot

Last Sold November 20, 2014

Last sale price $1,100,000 $297 Per Sq Ft

111 Days on Market

Highlights

  • Neighborhood Views
  • Level Lot
  • Carpet
  • Anthony Spangler Elementary School Rated A

About This Home

As of November 2014

This is a rare investment opportunity in Milpitas, Ca. All units has 2 bedroom /1-bath. Unit 1 and 4 has been recently remodeled - newer stainless appliances, interior paint, carpet and laminated flooring. Ideal location close to schools, shopping, restaurants and easy access to I680 and 237. Seller very motivated make an offer now!

Last Agent to Sell the Property

Sergio Santos

Vylla Homes Inc. License #01814343 Listed on: 06/30/2014

Last Buyer's Agent

Pamela Berg

Compass License #01912586

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • Level Lot

Home Design

  • Quadruplex
  • Shake Roof

Interior Spaces

  • 3,699 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $73,200
  • The owner pays for electric, garbage, gas, heating, hot water, water
  • Month-to-Month Lease Term

Community Details

Overview

  • 3,699 Sq Ft Building

Building Details

  • Insurance Expense $2,923
  • Maintenance Expense $500
  • Other Expense $308
  • Utility Expense $3,528
  • Trash Expense $3,036
  • Operating Expense $13,419
  • Gross Income $68,076

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

0

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Sale Price Per Sq Ft: 297.38
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3699
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3699
  • Stories: 2
  • Laundry: Laundry - No
  • Flooring: Carpet - Area, Carpet

Exterior Features

  • Roof: Shake
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Carport, Spaces Per Unit - 1

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8750.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 8750.00
  • Lot Size Area Min Search: 8750.00
  • Maximum Lot Size: 8750.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr, More Than 1 Yr
  • Gross Rent Multiplier: 17.45

Multi Family

  • Expense Insurance: 2923
  • Expense Maintenance: 500
  • Expenses Other: 308
  • Expenses Total: 13419
  • Expenses Utility: 3528
  • Expense Trash: 3036
  • Expense Water Sewer: 1200
  • Income Annual Gross: 68076.00
  • Income Annual Rental: 73200
  • Income Gross Scheduled: 73200
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Utilities - Gas, Utilities - Heat, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Electric, Garbage, Gas, Heating, Hot Water, Water
  • Tenant Expenses: Utilities - Electric
  • Vacancy Amount: 5124
  • Vacancy Factor: 7

Range of Values:

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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
11/20/2014 11/20/14 Sold $1,100,000 -15.4% $297 / Sq Ft
10/19/2014 10/19/14 Pending -- -- --
06/30/2014 06/30/14 For Sale $1,300,000 -- $351 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Sergio Santos

    Vylla Homes Inc.

  • P

    Buyer's Agent in 2014

    Pamela Berg

    Compass

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Map

Source: MLSListings

MLS Number: ML81423414

MLSListings

APN: 022-09-030

California Santa Clara County Milpitas 95035

525 N Abel St, Milpitas, CA

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