NOT LISTED FOR SALE
8 Beds
-- Bath
3,902 Sq Ft
5,663 Sq Ft Lot

Last Sold November 04, 2014

Last sale price $2,277,000 $584 Per Sq Ft

19 Days on Market

About This Home

As of November 2014

Cupertino schools! Stunning renovations! Large 2 bedroom Townhouse Units! High Rents! All four unit have had complete interior renovations including new flooring, bathrooms, lighting fixtures, kitchens (quartz counters, stainless appliances, new cabinets), bathrooms with Carrara marble counters. New landscaping and paint. Copper plumbing. Approx two miles from Apple and its new "Spaceship" campus.

Last Agent to Sell the Property

Carlos Azucena

Marcus & Millichap License #01738155 Listed on: 09/03/2014

Last Buyer's Agent

Robert Faris-Taylor Team

Intero Real Estate Services License #00942462

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 5,663

Parking

  • Carport

Home Design

  • Quadruplex
  • Tar and Gravel Roof

Interior Spaces

  • 3,902 Sq Ft Home
  • 2-Story Property
  • Carpet

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $131,760
  • The owner pays for electric, garbage, services - gardener/landscaping, hot water, water

Community Details

Overview

  • 3,902 Sq Ft Building

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Other Expense $400
  • Utility Expense $1,400
  • Trash Expense $1,800
  • Operating Expense $35,399
  • Gross Income $128,583

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: C1
  • Subclass: Fourplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 583.55
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3902
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 3902
  • Stories: 2
  • Laundry: Washer/Dryer - Leased Coin-Op
  • Flooring: Carpet

Exterior Features

  • Roof: Tar And Gravel

Garage/Parking

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

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • High School: 259

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6000.00
  • Lot Size Area Min Search: 6000.00
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 15.80

Multi Family

  • Expense Insurance: 1200
  • Expense Landscape: 1200
  • Expense Maintenance: 1200
  • Expenses Other: 400
  • Expenses Total: 35399
  • Expenses Utility: 1400
  • Expense Trash: 1800
  • Expense Water Sewer: 1400
  • Income Annual Gross: 128583.00
  • Income Annual Rental: 131760
  • Income Gross Scheduled: 132560
  • Income Includes: Laundry, Lease
  • Income Laundry: 800
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Electric
  • Vacancy Amount: 3977
  • 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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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
11/04/2014 11/04/14 Sold $2,277,000 +8.7% $584 / Sq Ft
09/22/2014 09/22/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $2,095,000 -- $537 / 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 $35,357 $2,736,604 $1,943,386 $793,218
2024 $35,357 $2,682,946 $1,905,281 $777,665
2023 $34,941 $2,630,340 $1,867,923 $762,417
2022 $33,645 $2,505,000 $1,760,000 $745,000
2021 $32,768 $2,528,203 $1,795,391 $732,812
2020 $33,332 $2,502,280 $1,776,982 $725,298
2019 $32,610 $2,453,217 $1,742,140 $711,077
2018 $31,682 $2,405,116 $1,707,981 $697,135
2017 $31,531 $2,357,958 $1,674,492 $683,466
2016 $30,586 $2,311,724 $1,641,659 $670,065
2015 $30,399 $2,277,000 $1,617,000 $660,000
2014 $14,856 $1,100,000 $570,000 $530,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81432013

MLSListings

APN: 372-23-012