J
Seller's Agent in 2019
Joel Hopman
Newmark Cornish & Carey
(650) 688-8536
1 in this area
42 Total Sales
644 E Olive Ave Sunnyvale, CA 94086
Ponderosa Park Neighborhood
9
Beds
6
Baths
3,752
Sq Ft
7,457
Sq Ft Lot
Highlights
- Forced Air Heating System
- Sunnyvale Middle School Rated A-
- Coin Laundry
About This Home
As of September 2019644 E. Olive Avenue features an outstanding unit mix of (1) 3 + 2, (1) 3 +1.5, (1) 2 + 1 and (1) 1 + 1 apartments. The units are well-apportioned and over-sized compared to others built in this similar timeframe. The units are generally clean with 3 bedroom units containing dishwashers and forced air. This investment is perfect for an owner occupier as the owner's unit contains a fireplace, large living room, and a private patio or investor looking for an opportunity to add-value through unit repositioning. There are (5) tuck-under parking spaces with storage units and on-site laundry facility, all great rental features. The property is located in close proximity to many retail amenities such as Downtown Sunnyvale and El Camino shopping and transportation hubs including Caltrain and Light Rail Stations. Additionally, Sunnyvale is home to some of the world's premier employers making it a very stable investment.
Last Agent to Sell the Property
Newmark Cornish & Carey License #01934574 Listed on: 07/02/2019
Property Details
Home Type
- Multi-Family
Year Built
- 1967
Lot Details
- 7,457 Sq Ft Lot
Home Design
- Quadruplex
- Shingle Roof
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,752 Sq Ft Home
- 2-Story Property
Kitchen
- Gas Oven
- Dishwasher
Parking
- 5 Carport Spaces
- On-Street Parking
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $106,644
Community Details
Overview
Amenities
- Coin Laundry
Building Details
- 4 Leased Units
- Gardener Expense $1,010
- Insurance Expense $1,490
- Maintenance Expense $3,000
- Other Expense $350
- Utility Expense $7,861
- Operating Expense $39,757
- Gross Income $104,562
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/17/2019 09/17/19 | Sold | $2,100,000 | -4.3% | $560 / Sq Ft |
| 07/22/2019 07/22/19 | Pending | -- | -- | -- |
| 07/02/2019 07/02/19 | For Sale | $2,195,000 | -- | $585 / 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 | $24,495 | $2,000,000 | $1,600,000 | $400,000 |
| 2024 | $24,495 | $2,100,000 | $1,600,000 | $500,000 |
| 2023 | $24,751 | $2,207,473 | $1,681,885 | $525,588 |
| 2022 | $25,587 | $2,164,190 | $1,648,907 | $515,283 |
| 2021 | $25,347 | $2,121,756 | $1,616,576 | $505,180 |
| 2020 | $25,027 | $2,100,000 | $1,600,000 | $500,000 |
| 2019 | $7,696 | $631,448 | $315,358 | $316,090 |
| 2018 | $7,545 | $619,068 | $309,175 | $309,893 |
| 2017 | $7,449 | $606,930 | $303,113 | $303,817 |
| 2016 | $7,160 | $595,030 | $297,170 | $297,860 |
| 2015 | $7,201 | $586,093 | $292,707 | $293,386 |
| 2014 | $7,060 | $574,613 | $286,974 | $287,639 |
Source: Public Records
Agents Affiliated with this Home
-
Joel Hopman
Map
Source: MLSListings
MLS Number: ML81759010
APN: 209-19-031
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