NOT LISTED FOR SALE
4 Beds
2 Baths
1,628 Sq Ft
7,022 Sq Ft Lot

Last Sold August 15, 2017

Last sale price $1,275,000 $783 Per Sq Ft

25 Days on Market

Highlights

  • Ceiling Fan
  • Washer and Dryer
  • 1-Story Property
  • Westmont High School Rated A

About This Home

As of August 2017

*Financials based on pro forma. 773 & 775 W Hacienda Ave was built in 1961 with a gross livable area of 1,628 SF. The unit-mix consists of two spacious 2-bed/1-bath units, with in-unit washers / dryers, private garages, and yards. The property is within the coveted Campbell Union school district. Recent capital improvements: new roofs, double pane windows, wall heaters, and copper plumbing. Interiors are in mostly original condition, allowing opportunity to add value through interior renovation. The subject property is near downtown and the Pruneyard Shopping Center, home to many shopping and dining options. The Netflix headquarters is under a mile away, and many other top tech employers are also within close proximity including EBay, Apple, and others. With a world-class location in the heart of Silicon Valley, 773 & 775 W Hacienda Ave is a compelling choice for Peninsula renters due to proximity to major employers, transportation corridors, shopping, dining and entertainment.

Last Agent to Sell the Property

Adam Levin

Marcus & Millichap License #01462752 Listed on: 06/23/2017

Co-Listed By

Robert Johnston

Marcus & Millichap License #01853816

Last Buyer's Agent

Sarit Netanel

Realty Ventures License #01785301

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 7,022 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,628 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Washer and Dryer

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $62,280
  • Month-to-Month Lease Term

Community Details

Overview

  • 1,628 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $598
  • Maintenance Expense $1,000
  • Utility Expense $1,500
  • Trash Expense $1,200
  • Operating Expense $20,791
  • Gross Income $60,412

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-D
  • Subclass: Duplex
  • Age: 56
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1628
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 1628
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1612
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7020.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7020.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 19.72
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 598
  • Expense Landscape: 1200
  • Expense Maintenance: 1000
  • Expenses Total: 20791
  • Expenses Utility: 1500
  • Expense Trash: 1200
  • Income Annual Gross: 60412.00
  • Income Annual Rental: 62280
  • Income Gross Scheduled: 62280
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas
  • 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 Change Sq Ft Price
08/15/2017 08/15/17 Sold $1,275,000 +3.8% $783 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
06/23/2017 06/23/17 For Sale $1,228,000 -- $754 / 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: ML81667405

MLSListings

APN: 406-12-005