NOT LISTED FOR SALE
8 Beds
4 Baths
3,600 Sq Ft
7,144 Sq Ft Lot

Sale Details

Date Sold: February 10, 2020

Last sale price $1,828,000 $508 Per Sq Ft

9 Days on Market

About This Home

As of February 2020

Quality Fourplex in sought after location. Excellent Unit Mix: All units are 2 Bedroom 1 Bath Townhouse Style. Desirable floor plans with large eat-in kitchen and large storage closet under the interior stairs.Dual pane windows. .Nice curb appeal. Attractive low maintenance grounds. Resident storage lockers at the carport structure. Detached four-car carport plus 2 uncovered parking spaces. Common laundry room with 1 coin-operated washer and one coin-operated dryer, both of which are included in the sale. Fourplex building has a pitched composition shingle roof. Close proximity to: Santana Row and Valley Fair Shopping Center. Easy access to: Highways 280 and 880; Winchester Blvd.; many nearby restaurants, retailers & service providers; Downtown San Jose; Downtown Campbell & the Pruneyard Shopping Center. Sewer exp paid w/ Property Tax. +-3,600 SF Total shown is per County Records, +-799 SF/Unit is from drafter. SF not guaranteed as accurate, Buyer should rely on its own measurements.

Last Agent to Sell the Property

Keith Suddjian

Cornish & Carey Commercial License #00673961 Listed on: 01/06/2020

Co-Listed By

Michelle Clark

Cornish & Carey Commercial License #01918902

Last Buyer's Agent

Thomas Tong

TriSynda Properties License #01154470

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 7,144 Sq Ft Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Bitumen Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Electric Oven

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces
  • Uncovered Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $99,288
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $2,772
  • Insurance Expense $1,383
  • Maintenance Expense $4,601
  • Manager Expense $7,085
  • Other Expense $4,601
  • Utility Expense $2,800
  • Trash Expense $1,903
  • Operating Expense $47,718
  • Gross Income $97,599

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

7,144 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3600
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3600
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Bitumen, Composition, Shingle

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport, Uncovered Parking
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 239

Lot Info

  • Lot Acres: 0.1640
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7143.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7143.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 16.85
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1383
  • Expense Landscape: 2772
  • Expense Maintenance: 4601
  • Expense Management: 7085
  • Expenses Other: 4601
  • Expenses Total: 47718
  • Expenses Utility: 2800
  • Expense Trash: 1903
  • Income Annual Gross: 97599.00
  • Income Annual Rental: 99288
  • Income Gross Scheduled: 100618
  • Income Includes: Laundry
  • Income Other: 1330
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Cable Tv, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Exterminator, Maintenance - Repair, Miscellaneous/Other, Salary Employee(s), Services - Gardener, Services - Janitor, Services - Sewer, Services - Trash Removal, Supplies, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Feb 4, 2020
Sold by
Bought by
Seller's Agent
Keith Suddjian
Cornish & Carey Commercial
Buyer's Agent
Thomas Tong
TriSynda Properties
List Price
$1,695,000
Sold Price
$1,828,000
Premium/Discount to List
$133,000
7.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,028,000
Interest Rate
0.0374%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2008
Sold by
Bought by

Purchase Details

Closed on
Dec 13, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 18, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
0.0422%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 25, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,750
Interest Rate
0.0706%

Purchase Details

Closed on
May 21, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
0.0899%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,828,000 First American Title Company
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
$825,000 Chicago Title
$805,000 Chicago Title Co
-- Chicago Title Co
$550,000 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,028,000
Closed $775,000
Closed $500,000
Closed $375,000
Closed $578,000
Closed $603,750
Closed $35,000
Closed $440,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/10/2020 02/10/20 Sold $1,828,000 +7.8% $508 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $1,695,000 -- $471 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $28,158 $1,999,182 $1,367,057 $632,125
2024 $28,158 $1,959,983 $1,340,252 $619,731
2023 $27,588 $1,921,553 $1,313,973 $607,580
2022 $27,294 $1,883,876 $1,288,209 $595,667
2021 $26,688 $1,846,938 $1,262,950 $583,988
2020 $14,866 $1,072,528 $663,019 $409,509
2019 $14,705 $1,051,499 $650,019 $401,480
2018 $14,315 $1,030,882 $637,274 $393,608
2017 $14,135 $1,010,670 $624,779 $385,891
2016 $13,337 $990,854 $612,529 $378,325
2015 $13,129 $975,972 $603,329 $372,643
2014 $12,572 $952,000 $588,500 $363,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81778300

MLSListings

APN: 299-43-039

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