NOT LISTED FOR SALE

861 Burbank Dr Santa Clara, CA 95051

9 Beds
5 Baths
3,798 Sq Ft
7,148 Sq Ft Lot Lot

Sale Details

Date Sold: June 30, 2023

Last sale price $2,000,000 $527 Per Sq Ft

64 Days on Market

About This Home

As of June 2023

In the heart of Silicon Valley...Great 4-Plex with a 3-2 (perfect for Owner's unit) and 3 two bedroom one bath units. Updates being completed over the years. All units have carports with additional storage. Fireplace in Unit 1. Private balconies off units 3 & 4. Coin-op laundry room. No sign on property. DO NOT DISTURB TENANTS. Text agent for questions...Steve Perry

Last Agent to Sell the Property

Steve& Christine Perry

Christie's International Real Estate Sereno License #70000661 Listed on: 03/23/2023

Christie's International Real Estate Sereno

Last Buyer's Agent

Ling Wang

GiantRock Inc License #01902180

GiantRock Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 7,148 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,798 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $105,960

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $840
  • Insurance Expense $3,967
  • Maintenance Expense $7,680
  • Utility Expense $12,567
  • Operating Expense $39,947
  • Gross Income $105,605

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

7,148 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3798
  • Stories: 2
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 408

Lot Info

  • Lot Acres: 0.1641
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7147.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7147.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written
  • Gross Rent Multiplier: 19.95
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3967
  • Expense Landscape: 840
  • Expense Maintenance: 7680
  • Expenses Total: 39947
  • Expenses Utility: 12567
  • Income Annual Gross: 105605.00
  • Income Annual Rental: 105960
  • Income Gross Scheduled: 107760
  • Income Includes: Coin Operated Equip, Laundry
  • Income Other: 1800
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heat, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 2
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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
06/30/2023 06/30/23 Sold $2,000,000 -7.0% $527 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $2,150,000 0.0% $566 / Sq Ft
05/02/2023 05/02/23 Price Changed $2,150,000 -6.5% $566 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
04/08/2023 04/08/23 Price Changed $2,299,000 -8.0% $605 / Sq Ft
03/23/2023 03/23/23 For Sale $2,500,000 -- $658 / 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 $23,866 $2,080,800 $1,612,620 $468,180
2024 $23,866 $2,040,000 $1,581,000 $459,000
2023 $15,178 $1,279,483 $669,888 $609,595
2022 $14,922 $1,254,396 $656,753 $597,643
2021 $14,865 $1,229,801 $643,876 $585,925
2020 $14,596 $1,217,192 $637,274 $579,918
2019 $14,577 $1,193,327 $624,779 $568,548
2018 $13,639 $1,169,929 $612,529 $557,400
2017 $13,573 $1,146,990 $600,519 $546,471
2016 $15,208 $1,293,373 $701,558 $591,815
2015 $13,204 $1,107,611 $579,902 $527,709
2014 $12,557 $1,085,915 $568,543 $517,372
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81922489

MLSListings

APN: 290-40-073

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