NOT LISTED FOR SALE

583 N Abel St Milpitas, CA 95035

8 Beds
4 Baths
2,992 Sq Ft
9,104 Sq Ft Lot

Last Sold April 08, 2016

Last sale price $1,311,888 $438 Per Sq Ft

6 Days on Market

About This Home

As of April 2016

Great potential...needs work...great commute location

Last Agent to Sell the Property

JK Watson

Bay East AOR License #01131499 Listed on: 02/09/2016

Last Buyer's Agent

Jag Saggi

Reliable Real Estate Services License #01425900

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 9,104 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property
  • Carpet

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces
  • Assigned Parking

Utilities

  • Wall Furnace
  • Community Sewer or Septic

Listing and Financial Details

  • Total Actual Rent $64,200

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $1,000
  • Maintenance Expense $1,435
  • Manager Expense $3,590
  • Utility Expense $3,674
  • Trash Expense $786
  • Operating Expense $18,285
  • Gross Income $64,200

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: 10
  • 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

  • Living Sq Ft: 2992
  • Stories: 2
  • Flooring: Carpet

Exterior Features

  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Community Sewer / Septic

Lot Info

  • Lot Acres: 0.2090
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9125.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9125.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 18.68
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expense Landscape: 1800
  • Expense Maintenance: 1435
  • Expense Management: 3590
  • Expenses Total: 18285
  • Expenses Utility: 3674
  • Expense Trash: 786
  • Income Annual Gross: 64200.00
  • Income Annual Rental: 64200
  • Income Gross Scheduled: 64200
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Water
  • Tenant Expenses: Rent Only

Range of Values:

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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
04/08/2016 04/08/16 Sold $1,311,888 +9.4% $438 / Sq Ft
02/16/2016 02/16/16 Pending -- -- --
02/09/2016 02/09/16 For Sale $1,199,000 -- $401 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    JK Watson

    Bay East AOR

  • Jag Saggi

    Buyer's Agent in 2016

    Jag Saggi

    Reliable Real Estate Services

    (408) 497-2946

    1 in this area

    39 Total Sales

    Jag Saggi
    Section Image
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Map

Source: MLSListings

MLS Number: ML81549962

MLSListings

APN: 022-09-026

California Santa Clara County Milpitas 95035

583 N Abel St, Milpitas, CA

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