NOT LISTED FOR SALE
9 Beds
5 Baths
3,673 Sq Ft
8,682 Sq Ft Lot

Last Sold August 30, 2019

Last sale price $2,065,000 $562 Per Sq Ft

14 Days on Market

Highlights

  • Balcony
  • Tile Flooring
  • Coin Laundry
  • Sutter Elementary School Rated A
  • Forced Air Heating System
  • Courtyard

About This Home

As of August 2019

Cash flow investment 4-Plex. Located in the heart of Silicon Valley Santa Clara - Southwest. This is a Class B/C property located in a Class B neighborhood. The location and complex has a low vacancy rate with high rents, the neighborhood shows pride of home ownership it is a mixture of Single Family homes and Residential Multi-Families. This is a highly desirable neighborhood for families. Great investment opportunity for first time residential investors the front unit is 3 bedroom with 2 full baths, you could live in front and rent out the other three 2beds/1bath units. Also a great opportunity for seasoned investors for asset protection and needing to do a 1031 exchange. Excellent Schools Sutter Elementary (easy walking distance), Bucsher Middle, and Santa Clara High. The area is near major employers such as the new Apple campus, Santa Clara Kaiser, AMD, NVIDIA, INTEL, Applied Materials. Lawerence Expressway provides easy access to the main freeways and many amenities in the area.

Last Agent to Sell the Property

Marlo Ibon

EQ1 License #01834583 Listed on: 07/17/2019

Co-Listed By

Mike Bui

EQ1 License #01804689

Last Buyer's Agent

Roy Johnson

Johnson Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 8,682

Parking

  • 1 Car Garage
  • 1 Carport Space
  • On-Street Parking
  • Uncovered Parking

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 3,673 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Additional Features

  • Balcony
  • 8,682 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $108,600

Community Details

Overview

  • 3,673 Sq Ft Building

Amenities

  • Courtyard
  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Manager Expense $7,560
  • Other Expense $6,000
  • Utility Expense $2,400
  • Operating Expense $20,851
  • Gross Income $108,192

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Parking

1

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 51
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3673
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Kitchen: 220 Volt Outlet, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3673
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Sealed Crawlspace
  • Roof: Shingle
  • Yard/Grounds: Balcony / Patio, Courtyard

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Common Parking Area, On Street, Uncovered Parking
  • Carport Min: 1

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Clara Unified
  • Elementary School: Sutter Elementary
  • Middle School: Buchser Middle
  • High School: Santa Clara High
  • High School: 408
  • Elementary School: 402
  • Middle School: 406

Lot Info

  • Lot Acres: 0.1993
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8682.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8682.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Less Than 1 Yr
  • Gross Rent Multiplier: 19.93
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Landscape: 1200
  • Expense Management: 7560
  • Expenses Other: 6000
  • Expenses Total: 20851
  • Expenses Utility: 2400
  • Income Annual Gross: 108192.00
  • Income Annual Rental: 108600
  • Income Gross Scheduled: 110400
  • Income Includes: Coin Operated Equip
  • Income Other: 1800
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Services - Gardener, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Range of Values:

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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 Change Sq Ft Price
08/30/2019 08/30/19 Sold $2,065,000 -6.1% $562 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $2,200,000 -- $599 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81759538

MLSListings

APN: 293-02-007