NOT LISTED FOR SALE

581 Nello Dr Campbell, CA 95008

10 Beds
6 Baths
3,957 Sq Ft
8,276 Sq Ft Lot

Last Sold August 23, 2024

Last sale price $2,050,000 $518 Per Sq Ft

45 Days on Market

About This Home

As of August 2024

Marcus & Millichap is pleased to present 581 Nello Drive in the thriving city of Campbell, California. Originally constructed in 1968, this asset is situated on a large parcel totaling 8,125 square feet and 3,957 gross building square footage. The meticulously maintained fourplex features massive three-bedroom and two-bedroom floor plans. Amenities include private patios or balconies, assigned parking for each unit, all new dual pane windows, plus updated kitchens, bathrooms, and flooring in select units. The asset is professionally managed by one of Bay Area's top management teams, Gibson Portfolio Management. Campbell radiates a welcoming atmosphere with its tree-lined streets, cozy cafes, and vibrant community events. In addition to the countless lifestyle amenities found in both the downtown district and the Pruneyard Shopping Center, Campbell offers close proximity to Silicon Valley's top employers including Apple, Adobe Systems, Cisco Systems, Alphabet, and Nvidia to name a few.

Last Agent to Sell the Property

Eymon Binesh

Marcus & Millichap License #02060059 Listed on: 06/10/2024

Last Buyer's Agent

Anand Vipparthy

RealEstatePro License #01798080

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 8,276

Parking

  • 5 Car Garage
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,957 Sq Ft Home
  • 2-Story Property

Additional Features

  • 8,276 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $123,744
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $3,363
  • Maintenance Expense $2,000
  • Utility Expense $3,000
  • Trash Expense $1,600
  • Operating Expense $39,556
  • Gross Income $121,196

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Parking

5

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3957
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Living Sq Ft: 3957
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 5
  • Garage Parking Features: Assigned Spaces, Covered Parking, Off-Street Parking

Utilities

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

Lot Info

  • Lot Acres: 0.1900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8276.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8276.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 16.71
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3363
  • Expense Landscape: 1800
  • Expense Maintenance: 2000
  • Expenses Total: 39556
  • Expenses Utility: 3000
  • Expense Trash: 1600
  • Income Annual Gross: 121196.00
  • Income Annual Rental: 123744
  • Income Gross Scheduled: 124944
  • Income Includes: Laundry, Rents
  • Income Other: 1200
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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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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
08/23/2024 08/23/24 Sold $2,050,000 -1.8% $518 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
07/10/2024 07/10/24 Price Changed $2,088,000 -4.6% $528 / Sq Ft
06/10/2024 06/10/24 For Sale $2,188,000 -- $553 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eymon Binesh

    Seller's Agent in 2024

    Eymon Binesh

    Marcus & Millichap

    (650) 391-1700

    2 in this area

    70 Total Sales

    Eymon Binesh
    Section Image
  • Anand Vipparthy

    Buyer's Agent in 2024

    Anand Vipparthy

    RealEstatePro

    (408) 890-7479

    2 in this area

    40 Total Sales

    Anand Vipparthy
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81969001

MLSListings

APN: 305-38-049

California Santa Clara County Campbell 95008

581 Nello Dr, Campbell, CA

Not Listed for Sale

MultiFamily

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