NOT LISTED FOR SALE
8 Beds
4 Baths
3,136 Sq Ft
6,882 Sq Ft Lot

Last Sold April 26, 2019

Last sale price $1,334,875 $426 Per Sq Ft

13 Days on Market

Highlights

  • Contemporary Architecture
  • Double Pane Windows
  • Secured Garage or Parking
  • 4 Car Attached Garage
  • Tile Countertops
  • Laundry Room

About This Home

As of April 2019

Rare opportunity to own a well cared for 4-plex, located in a nice neighborhood, fully rented with long standing tenants. All units have two bedrooms and one bath with spacious living areas and kitchens. Two units have a long hall connecting the living room to the bedrooms. One unit has a remodeled kitchen/ bathroom. Others have a few updates as well. The building is conveniently located a short distance to Winchester Blvd, San Tomas Exp, HWY 280 / 880, Santana Row, shops, Westfield Mall, restaurants, and school. Buyer to verify the schools and availability. Each unit has 2 spaces for parking, one inside the garage and one on the driveway in front of the garage door. Storage cabinet for each tenant in the spacious garage. Each unit has its own designated area in the beautiful private back yard to relax or BBQ. It is subject to rent control. The stated rental income reflects an increase which will take effect on 5/1/2019. County record/data pro shows 7979 sf for the lot size.

Last Agent to Sell the Property

Mitra Lahidji

Compass License #01136364 Listed on: 03/01/2019

Compass

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Lot Details

  • 6,882 Sq Ft Lot
  • Fenced
  • Mostly Level
  • Back Yard

Parking

  • 4 Car Attached Garage
  • Lighted Parking
  • Secured Garage or Parking
  • Uncovered Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Low Flow Toliet
  • 3,136 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Storage Room
  • Crawl Space
  • Security Lights

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Barbecue Area

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $64,740

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,522
  • Maintenance Expense $4,700
  • Other Expense $1,166
  • Utility Expense $3,320
  • Trash Expense $1,617
  • Operating Expense $18,409
  • Gross Income $66,540

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

6,882 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3136
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Other, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Built-In, Oven - Electric, Refrigerator
  • Living Sq Ft: 3136
  • Stories: 2
  • Security: Secured Garage / Parking, Security Lights
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard, Bbq Area, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Attached Garage, Lighted Parking Area, Uncovered Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Available, Sewer Connected

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.1580
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6882.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6882.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month, Security Deposit
  • Gross Rent Multiplier: 21.02
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1522
  • Expense Landscape: 600
  • Expense Maintenance: 4700
  • Expenses Other: 1166
  • Expenses Total: 18409
  • Expenses Utility: 3320
  • Expense Trash: 1617
  • Income Annual Gross: 66540.00
  • Income Annual Rental: 64740
  • Income Gross Scheduled: 66540
  • Income Includes: Coin Operated Equip, Lease
  • Income Other: 1800
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Depreciation, Insurance, Maintenance, Maintenance - Capital Improvements, Maintenance - Laundry, Maintenance - Repair, Services - Trash Removal, Supplies, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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
04/26/2019 04/26/19 Sold $1,334,875 -4.6% $426 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $1,398,888 -- $446 / Sq Ft
Source: MLSListings

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 $22,299 $1,500,227 $1,059,740 $440,487
2024 $22,299 $1,470,811 $1,038,961 $431,850
2023 $21,813 $1,441,973 $1,018,590 $423,383
2022 $21,581 $1,413,700 $998,618 $415,082
2021 $21,050 $1,385,982 $979,038 $406,944
2020 $20,362 $1,371,772 $969,000 $402,772
2019 $5,719 $175,789 $55,478 $120,311
2018 $5,539 $172,343 $54,391 $117,952
2017 $5,429 $168,965 $53,325 $115,640
2016 $5,167 $165,653 $52,280 $113,373
2015 $5,079 $163,166 $51,495 $111,671
2014 $3,264 $159,971 $50,487 $109,484
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81740903

MLSListings

APN: 299-44-001

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