NOT LISTED FOR SALE
5 Beds
5 Baths
2,736 Sq Ft
7,889 Sq Ft Lot

Last Sold September 21, 2020

Last sale price $1,570,000 $574 Per Sq Ft

14 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Laundry Room
  • Guadalupe Elementary School Rated A
  • Wet Bar
  • Forced Air Heating System

About This Home

As of September 2020

DO NOT DISTURB OCCUPANTS ***Great unit mix with a 3Bd/2.5Ba and a 2Bd/1.5Ba townhouse units on a quiet residential street near Los Gatos border and Almaden Valley. ***Top rated schools! ***Units have nice garages, huge private backyards, and laundry rooms with washer and dryer. *** Both units are occupied. ***Electricity, gas, & water are separately metered, so tenants pay all utilities! ***Built in 1986 and updated in 2018. ***Gross income is $6,514/month, $78,170/year. ***Current GRM = 19.8. Current CAP = 3.54% ***Close to Belgatos Park, Heinz Open Space, malls, schools, libraries, and Hwy 85. ***Buyer to verify assigned schools: Guadalupe Elementary (Great Schools Rating: 9), Dartmouth Middle (Great Schools Rating: 7), and Leigh High (Great Schools Rating: 9).

Last Agent to Sell the Property

Robert Moore

Losness Investment Real Estate Corp License #01908682 Listed on: 08/09/2020

Last Buyer's Agent

Dale Chun

Realty World - Green Properties License #01003907

Realty World - Green Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • 1986

Lot Details

  • 7,889 Sq Ft Lot
  • Fenced
  • Level Lot
  • Sprinklers on Timer
  • Grass Covered Lot
  • Back Yard

Parking

  • 3 Car Garage
  • On-Street Parking
  • Assigned Parking

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,736 Sq Ft Home
  • 2-Story Property
  • Wet Bar

Kitchen

  • Electric Oven
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $77,400
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $840
  • Insurance Expense $1,136
  • Operating Expense $23,304
  • Gross Income $78,170

Property Details

Home Type

Multi-Family

Year Built

1986

Lot Details

0

Parking

3

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 34
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2736
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1986

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 2736
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter, Post And Pier
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Fenced, Low Maintenance, Sprinklers - Auto, Sprinklers - Lawn
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Assigned Spaces, Attached Garage, On Street

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Wet Bar

Schools

  • School District: Campbell Union High
  • Elementary School: Guadalupe Elementary
  • Middle School: Dartmouth Middle
  • High School: Leigh High
  • High School: 240
  • Elementary School: 220
  • Middle School: 218

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1811
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7888.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7888.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month, Security Deposit
  • Gross Rent Multiplier: 19.83
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1136
  • Expense Landscape: 840
  • Expenses Total: 23304
  • Income Annual Gross: 78170.00
  • Income Annual Rental: 77400
  • Income Gross Scheduled: 78170
  • Income Includes: Rents
  • Income Other: 770
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

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
09/21/2020 09/21/20 Sold $1,570,000 +1.3% $574 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
08/09/2020 08/09/20 For Sale $1,550,000 +11.9% $567 / Sq Ft
03/28/2016 03/28/16 Sold $1,385,000 0.0% $506 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
03/28/2016 03/28/16 For Sale $1,385,000 -- $506 / 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: ML81805243

MLSListings

APN: 567-20-103