NOT LISTED FOR SALE

68 E Rincon Ave Campbell, CA 95008

Downtown Campbell Neighborhood
6 Beds
4 Baths
2,957 Sq Ft
7,257 Sq Ft Lot

Last Sold July 08, 2022

Last sale price $1,525,000 $516 Per Sq Ft

54 Days on Market

Highlights

  • 1 Car Attached Garage
  • Forced Air Heating System
  • 1-minute walk to Joseph Gomes Park
  • Tandem Parking

About This Home

As of July 2022

** Open House: Tuesday, May 3rd from 11:00AM to 1:00PM. Excellent investment opportunity moments to Downtown Campbell! 68 E. Rincon Avenue consists of two single story 2+1 units and one 2 +1.5 townhome style unit. Select units feature newer appliances, LVT flooring, dual pane windows. The front unit has a private yard, the townhome style unit has a large sundeck which opens to a common garden, and the back unit has an attached one-car garage. Tenants benefit from close proximity to daily needs retail, excellent Silicon Valley Employers, great schools, and recreation such as Campbell Park and Los Gatos Creek Trail. The property is ideal for an investor or owner occupier Buyer alike.

Last Agent to Sell the Property

Joel Hopman

Newmark Cornish & Carey License #01934574 Listed on: 04/07/2022

Last Buyer's Agent

Mary Ann Wallace

Compass License #01252067

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1923

Lot Details

  • 7,257 Sq Ft Lot

Parking

  • 1 Car Attached Garage
  • Tandem Parking
  • Uncovered Parking

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

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

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $80,040

Community Details

Overview

  • 2,957 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,020
  • Maintenance Expense $2,250
  • Utility Expense $3,756
  • Trash Expense $1,176
  • Operating Expense $32,595
  • Gross Income $78,056

Property Details

Home Type

Multi-Family

Year Built

1923

Lot Details

0

Parking

1

Listing Details

  • Zoning: P-D
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2957
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1923

Interior Features

  • Living Sq Ft: 2957
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Tandem Parking, Uncovered Parking

Utilities

  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1666
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7256.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7256.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.06
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2020
  • Expense Landscape: 1200
  • Expense Maintenance: 2250
  • Expenses Total: 32595
  • Expenses Utility: 3756
  • Expense Trash: 1176
  • Income Annual Gross: 78056.00
  • Income Annual Rental: 80040
  • Income Gross Scheduled: 80470
  • Income Includes: Laundry, Rents
  • Income Other: 430
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Equipment/Fixture Rental, Fee - Property Tax, Insurance, Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • 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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Average Value
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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
07/08/2022 07/08/22 Sold $1,525,000 -10.0% $516 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $1,695,000 -- $573 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joel Hopman

    Newmark Cornish & Carey

    (650) 688-8536

    2 in this area

    42 Total Sales

    Joel Hopman
    Section Image
  • Mary Ann Wallace

    Buyer's Agent in 2022

    Mary Ann Wallace

    Compass

    (408) 307-0055

    2 in this area

    64 Total Sales

    Mary Ann Wallace
    Section Image

  • K

    Buyer Co-Listing Agent in 2022

    Kristen Wallace

    Compass

    (408) 358-1111

    1 in this area

    43 Total Sales

    Kristen Wallace
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81885865

MLSListings

APN: 412-05-074

California Santa Clara County Campbell 95008 Downtown Campbell

68 E Rincon Ave, Campbell, CA

Not Listed for Sale

MultiFamily

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