NOT LISTED FOR SALE

571 N Abel St Milpitas, CA 95035

8 Beds
4 Baths
2,992 Sq Ft
9,378 Sq Ft Lot

Last Sold June 12, 2019

Last sale price $1,620,000 $541 Per Sq Ft

5 Days on Market

Highlights

  • Double Pane Windows
  • Laundry Room
  • Coin Laundry
  • Anthony Spangler Elementary School Rated A-
  • Tile Flooring
  • Grass Covered Lot

About This Home

As of June 2019

Great potential investment property in Milpitas. Fully occupied. Close to Major Tech Company. Very convenient location. Easy to access Freeway. Coin Laundromat Facility. Please don't disturb residents. Place to be sold in "As Is Condition"

Last Agent to Sell the Property

Jimmy Nguyen

Corcoran Icon Properties License #01033545 Listed on: 05/01/2019

Corcoran Icon Properties

Last Buyer's Agent

Chi Hua

Coldwell Banker Realty License #01442136

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 9,378 Sq Ft Lot
  • Grass Covered Lot
  • Back Yard

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Oven or Range
  • Laundry Room

Flooring

  • Laminate
  • Tile

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • No Garage
  • On-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $81,600

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,080
  • Insurance Expense $1,810
  • Utility Expense $6,540
  • Trash Expense $984
  • Operating Expense $22,526
  • Gross Income $81,780

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: 220 Volt Outlet, Oven Range, Refrigerator
  • Living Sq Ft: 2992
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Laminate, Tile
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Low Maintenance

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport, No Garage, On Street
  • Carport Min: 4

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2153
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9377.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9377.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Lease(s), Month To Month, Security Deposit
  • Gross Rent Multiplier: 18.95
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1810
  • Expense Landscape: 1080
  • Expenses Total: 22526
  • Expenses Utility: 6540
  • Expense Trash: 984
  • Income Annual Gross: 81780.00
  • Income Annual Rental: 81600
  • Income Gross Scheduled: 81780
  • Income Includes: Coin Operated Equip, Lease
  • Income Other: 180
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heat, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
06/12/2019 06/12/19 Sold $1,620,000 +4.5% $541 / Sq Ft
05/07/2019 05/07/19 Pending -- -- --
05/06/2019 05/06/19 Price Changed $1,549,888 -2.5% $518 / Sq Ft
05/06/2019 05/06/19 Price Changed $1,589,888 +2.6% $531 / Sq Ft
05/01/2019 05/01/19 For Sale $1,549,888 -- $518 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $20,581 $1,807,134 $1,360,929 $446,205
2024 $20,581 $1,771,701 $1,334,245 $437,456
2023 $20,518 $1,736,963 $1,308,084 $428,879
2022 $20,431 $1,702,906 $1,282,436 $420,470
2021 $20,136 $1,669,517 $1,257,291 $412,226
2020 $19,785 $1,652,400 $1,244,400 $408,000
2019 $13,460 $1,106,249 $529,870 $576,379
2018 $12,781 $1,084,559 $519,481 $565,078
2017 $12,617 $1,063,295 $509,296 $553,999
2016 $12,112 $1,042,447 $499,310 $543,137
2015 $11,991 $1,026,789 $491,810 $534,979
2014 $11,681 $1,006,677 $482,177 $524,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81749723

MLSListings

APN: 022-09-027