$1,725,000
SOLD OCT 9, 2024
5 Beds
3 Baths
2,202 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$783 Per Sq Ft

11% Below List Price

39 Days on Market

Highlights

  • Tile Countertops
  • Laundry Room
  • Forced Air Heating System
  • Sutter Elementary School Rated A
  • Tile Flooring
  • Washer and Dryer

About This Home

As of October 2024

Both units have very LARGE enclosed SUNROOMS (over 300sq ft EACH) which adds to the desirability for the tenants!**The ultimate investment with high value opportunity for possible expansion with plenty of room for an ADU. Long term tenants*Rents were last changed in April of 2023*Tenants have occupied 14yrs & 9yrs. Would love to continue with residency!Lot size is over 8,700 sq ft**Must see the huge back area where a possible ADU could be* !Inherited recently and this is reason for sale*Please do not disturb tenants*Make offer subject to inspections*Note,some inspections have been done by HomeGuard*Would like to close prior to holidays*Tenants are very neat and clean*Units could use updating but is not necessary*Very easy to rent and history shows, vacancy is a rarity!!Please see showing instructions!!Thank you!

Last Agent to Sell the Property

Tom Antonopoulos

Real Property Investments License #00492309 Listed on: 07/29/2024

Last Buyer's Agent

David Murthy

Real Estate eBroker Inc License #01872413

Real Estate eBroker Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 2 Car Garage
  • Uncovered Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,202 Sq Ft Home
  • 1-Story Property

Kitchen

  • Built-In Oven
  • Electric Oven
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $62,592

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $960
  • Insurance Expense $1,300
  • Maintenance Expense $1,000
  • Utility Expense $1,920
  • Trash Expense $500
  • Operating Expense $17,180
  • Gross Income $61,340

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Age: 58
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2202
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Kitchen: Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Built-In, Oven - Electric, Oven Range
  • Living Sq Ft: 2202
  • Stories: 1
  • Laundry: Hookups Only, Washer / Dryer
  • Flooring: Carpet, Laminate, Tile
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • School District: Santa Clara Unified

Lot Info

  • Lot Acres: 0.2000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8712.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8712.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 30.28
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1300
  • Expense Landscape: 960
  • Expense Maintenance: 1000
  • Expenses Total: 17180
  • Expenses Utility: 1920
  • Expense Trash: 500
  • Income Annual Gross: 61340.00
  • Income Annual Rental: 62592
  • Income Gross Scheduled: 62592
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Services - Gardener, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 2

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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 Change Sq Ft Price
10/09/2024 10/09/24 Sold $1,725,000 -9.0% $783 / Sq Ft
09/07/2024 09/07/24 Pending -- -- --
08/28/2024 08/28/24 Price Changed $1,895,000 -1.8% $861 / Sq Ft
08/20/2024 08/20/24 Price Changed $1,929,950 -0.3% $876 / Sq Ft
07/29/2024 07/29/24 For Sale $1,935,000 -- $879 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81974821

MLSListings

APN: 293-01-010