NOT LISTED FOR SALE

7050 Princevalle St Unit 2 Gilroy, CA 95020

8 Beds
-- Bath
2,950 Sq Ft
6,970 Sq Ft Lot

Last Sold October 15, 2014

Last sale price $795,000 $269 Per Sq Ft

287 Days on Market

Highlights

  • Deck
  • Balcony
  • Level Lot
  • Neighborhood Views
  • Laundry Facilities
  • Wall to Wall Carpet

About This Home

As of October 2014

Shrewd Investor Only. Great Rental Properties with potential to Grow. Solid Cash flows from section 8 tenants. Opportunity to Own total of 8 units side-by-side (4 units at 7060 Princevalle Street also for sale) for easy management. Watch Your Investments Grow !!!

Last Agent to Sell the Property

Wing Liew

Wing Investments License #00869811 Listed on: 11/14/2013

Last Buyer's Agent

Russell Morris

Coldwell Banker Realty License #00468766

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • Level Lot

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2,950 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Oven or Range

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • Carport
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $71,376
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, hot water, water

Community Details

Building Details

  • Gardener Expense $1,680
  • Insurance Expense $2,112
  • Maintenance Expense $3,000
  • Other Expense $800
  • Utility Expense $2,400
  • Trash Expense $1,973
  • Operating Expense $20,482
  • Gross Income $71,854

Additional Features

  • 2,950 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Pest Control, Flood Zone
  • Sale Price Per Sq Ft: 269.49
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 2950
  • Stories: 2
  • Laundry: Washer/Dryer - Leased, Washer/Dryer - Leased Coin-Op, Community Facility
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Balcony / Patio, Deck

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1, Off-Street Parking, Carport

Utilities

  • Heating System: Radiant, Wall Furnace, Gas - Natural
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7107.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7107.00
  • Lot Size Area Min Search: 7107.00
  • Maximum Lot Size: 7107.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 11.20

Multi Family

  • Expense Insurance: 2112
  • Expense Landscape: 1680
  • Expense Maintenance: 3000
  • Expenses Other: 800
  • Expenses Total: 20482
  • Expenses Utility: 2400
  • Expense Trash: 1973
  • Expense Water Sewer: 1737
  • Income Annual Gross: 71854.00
  • Income Annual Rental: 71376
  • Income Gross Scheduled: 74076
  • Income Includes: Laundry, Parking
  • Income Laundry: 1800
  • Income Other: 900
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Electric, Master Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Laundry, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Electric
  • Vacancy Amount: 2222
  • Vacancy Factor: 3

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
10/15/2014 10/15/14 Sold $795,000 -4.2% $269 / Sq Ft
08/28/2014 08/28/14 Pending -- -- --
11/14/2013 11/14/13 For Sale $829,950 -- $281 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Wing Liew

    Seller's Agent in 2014

    Wing Liew

    Wing Investments

    (408) 315-6388

    20 Total Sales

    Wing Liew
    Section Image

  • R

    Buyer's Agent in 2014

    Russell Morris

    Coldwell Banker Realty

    (408) 355-1560

    9 Total Sales

    Russell Morris
    Section Image
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Map

Source: MLSListings

MLS Number: ML81424490

MLSListings

APN: 799-13-030

California Santa Clara County Gilroy 95020

7050 Princevalle St Unit 2, Gilroy, CA

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