NOT LISTED FOR SALE
9 Beds
4 Baths
3,978 Sq Ft
7,405 Sq Ft

Last Sold June 06, 2024

Last sale price $1,685,000 $424 Per Sq Ft

48 Days on Market

About This Home

As of June 2024

831 Opal Dr is a 4-unit two-story building consisting of (1) 3 bed 1 bath and (3) 2 bed 1 bath units. These spacious units give its tenants a sense of space and comfort. The area where the building is situated has plenty of off-street parking, and the property provides designated carports for its tenants. The building will be getting upgraded with a brand-new roof in April. The property is less than one mile from Santana Row and less than two blocks from the Highway 280 entrances, making access simple and convenient. Its prime location is right in between downtown San Jose and Cupertino/Sunnyvale, two areas that are home to many companies, such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters. The property provides its tenants with an on-site coin-operated washer and dryer, for their convenience. Most of the tenants are long-term and have month-to-month leases. The windows on this building have been recently updated to dual pane windows. PLEASE DO NOT DISTURB TENANTS. DO NOT WALK ON PREMISES UNLESS YOU CONTACT LISTING AGENTS. CAMERAS ON THE PREMISES.

Last Agent to Sell the Property

Dusty Blackman

Compass License #01999734 Listed on: 03/19/2024

Compass

Co-Listed By

Tyler Charron

Compass License #02201795

Last Buyer's Agent

Dusty Blackman

Compass License #01999734 Listed on: 03/19/2024

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,978 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Private Sewer

Listing and Financial Details

  • Total Actual Rent $99,552
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $5,000
  • Maintenance Expense $1,200
  • Other Expense $1,981
  • Utility Expense $5,979
  • Trash Expense $1,794
  • Operating Expense $37,496
  • Gross Income $97,729

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3978
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 3978
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Flat / Low Pitch, Wood Shakes / Shingles

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7405.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 17.82
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 5000
  • Expense Maintenance: 1200
  • Expenses Other: 1981
  • Expenses Total: 37496
  • Expenses Utility: 5979
  • Expense Trash: 1794
  • Income Annual Gross: 97729.00
  • Income Annual Rental: 99552
  • Income Gross Scheduled: 100752
  • Income Includes: Laundry
  • Income Other: 1200
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3
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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
06/06/2024 06/06/24 Sold $1,685,000 -6.1% $424 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
04/23/2024 04/23/24 Price Changed $1,795,000 -3.0% $451 / Sq Ft
04/22/2024 04/22/24 For Sale $1,850,000 0.0% $465 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $1,850,000 -- $465 / Sq Ft
Source: MLSListings

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 $8,557 $1,718,700 $1,310,700 $408,000
2024 $8,557 $537,651 $159,291 $378,360
2023 $8,329 $527,110 $156,168 $370,942
2022 $8,311 $516,775 $153,106 $363,669
2021 $8,099 $506,643 $150,104 $356,539
2020 $7,961 $501,449 $148,565 $352,884
2019 $7,858 $491,617 $145,652 $345,965
2018 $7,655 $481,979 $142,797 $339,182
2017 $7,550 $472,530 $139,998 $332,532
2016 $7,129 $463,265 $137,253 $326,012
2015 $6,998 $456,307 $135,192 $321,115
2014 $6,641 $447,369 $132,544 $314,825
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81958176

MLSListings

APN: 299-43-056

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