NOT LISTED FOR SALE

8284 Swanston Ln Gilroy, CA 95020

8 Beds
4 Baths
2,592 Sq Ft
9,148 Sq Ft Lot

Last Sold March 17, 2017

Last sale price $900,000 $347 Per Sq Ft

21 Days on Market

Highlights

  • Vaulted Ceiling
  • 2 Car Attached Garage
  • Level Lot
  • Christopher High School Rated A-
  • Forced Air Heating System
  • Vinyl Flooring

About This Home

As of March 2017

Great Investment Opportunity for your Real Estate Portfolio. Large 2600 Square Foot Property only 20 years old. Each Unit has 4 bedrooms, 2 Baths, 2 Car Garage, Large Back Yard, Laundry Hookups in Garage. Newer Walter Heaters. Each Unit has laminate Flooring in Living Room, Bedrooms and Hallways. Dual Pane Windows. Pro Forma numbers: GRM is 12.9%, Cap Rate is 6.2% Cash on Cash Return is 6.7%* based on 30% down payment.

Last Agent to Sell the Property

Gabriel Reyes

Intero Real Estate Services License #00911855 Listed on: 01/22/2017

Intero Real Estate Services

Last Buyer's Agent

Kelly Le

Intero Real Estate Services License #02013538

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1997

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,592 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $58,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $695
  • Maintenance Expense $1,500
  • Trash Expense $744
  • Operating Expense $9,814
  • Gross Income $58,800

Property Details

Home Type

Multi-Family

Year Built

1997

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2592
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1997

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Formica, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Pantry Cabinet
  • Living Sq Ft: 2592
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

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

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Schools

  • High School: 2592

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2100
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9147.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9147.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.29
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 695
  • Expense Maintenance: 1500
  • Expenses Total: 9814
  • Expense Trash: 744
  • Income Annual Gross: 58800.00
  • Income Annual Rental: 58800
  • Income Gross Scheduled: 58800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance
  • Tenant Expenses: All Expenses

Range of Values:

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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
03/17/2017 03/17/17 Sold $900,000 +0.1% $347 / Sq Ft
02/13/2017 02/13/17 Pending -- -- --
01/22/2017 01/22/17 For Sale $899,000 -- $347 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gabriel Reyes

    Seller's Agent in 2017

    Gabriel Reyes

    Intero Real Estate Services

    (408) 342-8613

    3 in this area

    76 Total Sales

    Gabriel Reyes
    Section Image

  • K

    Buyer's Agent in 2017

    Kelly Le

    Intero Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81636347

MLSListings

APN: 841-64-107

California Santa Clara County Gilroy 95020

8284 Swanston Ln, Gilroy, CA

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