NOT LISTED FOR SALE

720 Dempsey Rd Milpitas, CA 95035

12 Beds
8 Baths
4,678 Sq Ft
0.26 Acres

Last Sold July 13, 2018

Last sale price $2,065,000 $441 Per Sq Ft

69 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • 4-minute walk to Creighton Park
  • Alexander Rose Elementary School Rated A-

About This Home

As of July 2018

Opportunity awaits at this Milpitas 4-Plex with tremendous annual income. Each unit features 3 bedrooms, 2 bathrooms and a 2 car garage. Over $150k in annual income with additional upside potential due to no Rent Control in the city of Milpitas. Close proximity to major tech giants and easy access to major highways makes this an excellent investment for future appreciation.

Last Agent to Sell the Property

Enrique Medellin

Paramount Realty Group License #01449832 Listed on: 03/29/2018

Paramount Realty Group

Co-Listed By

David Llorente

Paramount Realty Group License #02037669

Last Buyer's Agent

David Llorente

Paramount Realty Group License #02037669

Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • 0.26

Parking

  • 2 Car Attached Garage

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 4,678 Sq Ft Home
  • 2-Story Property

Additional Features

  • 0.26 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $147,396

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $720
  • Insurance Expense $1,100
  • Other Expense $9,260
  • Operating Expense $24,707
  • Gross Income $117,917

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4678
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Living Sq Ft: 4678
  • Stories: 2

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2595
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11303.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11303.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 14.93
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1100
  • Expense Landscape: 720
  • Expenses Other: 9260
  • Expenses Total: 24707
  • Income Annual Gross: 117917.00
  • Income Annual Rental: 147396
  • Income Gross Scheduled: 147396
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Loan - Mortgage, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Water
  • Vacancy Factor: 20

Range of Values:

--
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
07/13/2018 07/13/18 Sold $2,065,000 -6.1% $441 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
05/22/2018 05/22/18 For Sale $2,199,999 +6.5% $470 / Sq Ft
05/22/2018 05/22/18 Off Market $2,065,000 -- --
05/15/2018 05/15/18 Price Changed $2,199,999 -12.0% $470 / Sq Ft
05/08/2018 05/08/18 Price Changed $2,498,999 -3.8% $534 / Sq Ft
03/29/2018 03/29/18 For Sale $2,598,999 -- $556 / 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 $26,141 $2,303,543 $1,388,819 $914,724
2024 $26,141 $2,258,377 $1,361,588 $896,789
2023 $26,063 $2,214,096 $1,334,891 $879,205
2022 $25,950 $2,170,683 $1,308,717 $861,966
2021 $25,575 $2,128,121 $1,283,056 $845,065
2020 $25,129 $2,106,300 $1,269,900 $836,400
2019 $24,838 $2,065,000 $1,245,000 $820,000
2018 $14,526 $1,236,584 $382,181 $854,403
2017 $14,340 $1,212,338 $374,688 $837,650
2016 $13,766 $1,188,568 $367,342 $821,226
2015 $13,628 $1,170,716 $361,825 $808,891
2014 $13,278 $1,147,784 $354,738 $793,046
Source: Public Records

Agents Affiliated with this Home

  • Enrique Medellin

    Seller's Agent in 2018

    Enrique Medellin

    Paramount Realty Group

    (408) 315-9840

    27 Total Sales

    Enrique Medellin
    Section Image

  • D

    Seller Co-Listing Agent in 2018

    David Llorente

    Paramount Realty Group

    Section Image
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Map

Source: MLSListings

MLS Number: ML81698418

MLSListings

APN: 088-31-065

California Santa Clara County Milpitas 95035

720 Dempsey Rd, Milpitas, CA

Not Listed for Sale

MultiFamily

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