NOT LISTED FOR SALE
8 Beds
4 Baths
3,400 Sq Ft
9,126 Sq Ft Lot

Last Sold May 10, 2019

Last sale price $1,900,000 $559 Per Sq Ft

8 Days on Market

Highlights

  • Vaulted Ceiling
  • Tile Flooring
  • Coin Laundry
  • Westmont High School Rated A

About This Home

As of May 2019

Bring All Offers. Private Tours Available Upon Request. OPEN HOUSE SATURDAY March 30 from 1PM-4PM. Three units will be open to view on Saturday. All units updated within the last 2 years. 602 Alpha Court, Campbell, offers an investor the opportunity to purchase a four unit apartment building in a fundamentally strong South Bay sub-market. The building is 3,200 square feet (per county records) of improvements. The buildings boast an four spacious 2 Bedroom One Bathroom Apartments. Ground floor units include a large private yard (approximately 20 by 60). The building has received a brand new roof and painted exterior. Offers Due Wednesday April 3rd at 2PM.

Last Agent to Sell the Property

Lex Orosco

Realty One Group Infinity License #01930420 Listed on: 03/25/2019

Realty One Group Infinity

Last Buyer's Agent

Lex Orosco

Realty One Group Infinity License #01930420 Listed on: 03/25/2019

Realty One Group Infinity

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 9,126

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Laminate Countertops

Flooring

  • Laminate
  • Tile

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking
  • Off-Street Parking

Additional Features

  • 9,126 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $104,400

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 2 Leased Units
  • Gardener Expense $1,500
  • Insurance Expense $1,200
  • Maintenance Expense $2,000
  • Utility Expense $3,600
  • Trash Expense $1,080
  • Operating Expense $26,686
  • Gross Income $101,287

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Laminate, Hood Over Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3400
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport, Off-Street Parking, On Street
  • Carport Min: 4

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling

Schools

  • High School: 242

Lot Info

  • Lot Acres: 0.2095
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9127.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9127.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 18.67
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 1500
  • Expense Maintenance: 2000
  • Expenses Total: 26686
  • Expenses Utility: 3600
  • Expense Trash: 1080
  • Income Annual Gross: 101287.00
  • Income Annual Rental: 104400
  • Income Gross Scheduled: 104420
  • Income Includes: Laundry
  • Income Other: 20
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Gardener, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • 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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Average Value
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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
05/10/2019 05/10/19 Sold $1,900,000 -2.6% $559 / Sq Ft
04/03/2019 04/03/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $1,950,000 -- $574 / 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 $27,563 $2,119,481 $1,505,948 $613,533
2024 $27,563 $2,077,923 $1,476,420 $601,503
2023 $27,193 $2,037,180 $1,447,471 $589,709
2022 $26,982 $1,997,237 $1,419,090 $578,147
2021 $26,422 $1,958,076 $1,391,265 $566,811
2020 $25,674 $1,938,000 $1,377,000 $561,000
2019 $17,913 $1,295,237 $824,243 $470,994
2018 $17,304 $1,269,841 $808,082 $461,759
2017 $16,994 $1,244,943 $792,238 $452,705
2016 $15,967 $1,220,533 $776,704 $443,829
2015 $15,643 $1,202,201 $765,038 $437,163
2014 $15,093 $1,178,652 $750,052 $428,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81743977

MLSListings

APN: 404-31-031