NOT LISTED FOR SALE
5 Beds
3 Baths
2,265 Sq Ft
7,044 Sq Ft Lot

Sale Details

Date Sold: June 16, 2021

Last sale price $1,615,000 $713 Per Sq Ft

42 Days on Market

Highlights

  • 3 Car Attached Garage
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Guadalupe Elementary School Rated A

About This Home

As of June 2021

Large 2-unit Multifamily Duplex in the Cambrian neighborhood with top Campbell Union schools. Two addresses and separate entrances on each side of the building for ultimate privacy2 homes for the price of 1! 5743 Preston is the spacious Owners unit with 3 bed/2 bath, two private car garage and feels like a single-family home with the benefits of a 2nd separate unit. Updated bathrooms, recessed lighting throughout and new paint. 5741 Preston is 2 bed/1 bath unit with one car garage, side entry and private backyard space. Plenty of parking on the driveway and streets. Both units have great natural lighting and each unit has its separate laundry facility, PG&E meters, water heaters, garbage bins. Both units share one water meter. This property is ideal for an investor or for owner occupant looking for additional rental income to offset expenses, provide for a multiple-generational/in-law/guest unit or a separate private space for remote office work or school.

Last Agent to Sell the Property

Lex Orosco

Realty One Group Infinity License #01930420 Listed on: 04/20/2021

Realty One Group Infinity

Last Buyer's Agent

James Tong

FlyHomes, Inc License #02012110

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

  • 7,044

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,265 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Gas Cooktop
  • Washer and Dryer Hookup

Additional Features

  • 7,044 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $6,500

Community Details

Overview

Building Details

  • Insurance Expense $1,200
  • Operating Expense $14,200
  • Gross Income $6,175

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

7,044 Sq Ft Lot

Parking

3

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2265
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Interior Features

  • Kitchen: Cooktop - Gas
  • Living Sq Ft: 2265
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 240

Lot Info

  • Lot Acres: 0.1617
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7045.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7045.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 246.15

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 14200
  • Income Annual Gross: 6175.00
  • Income Annual Rental: 6500
  • Income Gross Scheduled: 6500
  • Income Includes: Land
  • Meters: Master Gas, Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Cable Tv, Maintenance
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jun 23, 2021
Sold by
Bought by
Seller's Agent
Lex Orosco
Realty One Group Infinity
Buyer's Agent
James Tong
FlyHomes, Inc
List Price
$1,500,000
Sold Price
$1,615,000
Premium/Discount to List
$115,000
7.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,211,000
Outstanding Balance
$1,075,277
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jun 15, 2021
Sold by
Bought by
Seller's Agent
Lex Orosco
Realty One Group Infinity
Buyer's Agent
James Tong
FlyHomes, Inc
List Price
$1,500,000
Sold Price
$1,615,000
Premium/Discount to List
$115,000
7.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,211,000
Outstanding Balance
$1,075,277
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.89%

Purchase Details

Closed on
Jan 8, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,615,000 First American Title Company
$1,615,000 First American Title Company
$185,500 Servicelink
$790,000 Fidelity National Title Comp
$650,000 Stewart Title
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,211,000
Previous Owner $556,000
Previous Owner $632,000
Previous Owner $296,000
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2021 06/16/21 Sold $1,615,000 +7.7% $713 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $1,500,000 -- $662 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $24,236 $1,748,126 $1,315,154 $432,972
2025 $23,591 $1,713,850 $1,289,367 $424,483
2024 $23,591 $1,680,246 $1,264,086 $416,160
2023 $23,117 $1,647,300 $1,239,300 $408,000
2022 $22,625 $1,615,000 $1,215,000 $400,000
2021 $16,050 $1,096,427 $710,817 $385,610
2020 $13,163 $885,503 $560,446 $325,057
2019 $12,901 $868,141 $549,457 $318,684
2018 $12,573 $851,120 $538,684 $312,436
2017 $12,400 $834,432 $528,122 $306,310
2016 $11,824 $818,071 $517,767 $300,304
2015 $11,637 $805,784 $509,990 $295,794
2014 $10,580 $790,000 $500,000 $290,000
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81846492

MLSListings
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