$2,075,000
SOLD AUG 5, 2025

869 Bing Dr Santa Clara, CA 95051

9 Beds
5 Baths
3,594 Sq Ft
7,388 Sq Ft Lot

Recently Sold

$577 Per Sq Ft

1% Below List Price

23 Days on Market

About This Home

As of August 2025

Marcus & Millichap is pleased to present 869 Bing Drive, a rare opportunity to acquire a well-maintained fourplex in a high-demand rental market. Built in 1963, the property features 3,594 square feet of rentable space on a 7,389 square foot lot. The building offers an attractive unit mix consisting of one large 3-bedroom/2-bathroom unit and three spacious 2-bedroom/1-bathroom units, catering to a wide range of tenants. The property has been thoughtfully maintained by long-term ownership and was earthquake retrofitted 20+ years ago, a premium improvement rarely found in buildings of this size.

Last Agent to Sell the Property

AJ DeCristoforo

Marcus & Millichap License #02162593 Listed on: 06/17/2025

Co-Listed By

Jimmy Castellanos

Marcus & Millichap License #02024152

Last Buyer's Agent

Maribel Cribb

Redfin License #01153985

Redfin

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,388 Sq Ft Lot

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,594 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $122,928

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,953
  • Insurance Expense $3,000
  • Maintenance Expense $2,000
  • Other Expense $525
  • Utility Expense $5,168
  • Trash Expense $1,923
  • Operating Expense $38,868
  • Gross Income $120,404

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3594
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3594
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Construction Type: Wood Frame

Garage/Parking

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

Utilities

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

Schools

  • High School: 410

Lot Info

  • Lot Acres: 0.1696
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7389.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7389.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.92
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 3000
  • Expense Landscape: 1953
  • Expense Maintenance: 2000
  • Expenses Other: 525
  • Expenses Total: 38868
  • Expenses Utility: 5168
  • Expense Trash: 1923
  • Income Annual Gross: 120404.00
  • Income Annual Rental: 122928
  • Income Gross Scheduled: 124128
  • Income Includes: Coin Operated Equip, Rents
  • Income Other: 1200
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Utilities - Hot Water, Utilities - Water
  • 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
08/05/2025 08/05/25 Sold $2,075,000 -1.2% $577 / Sq Ft
07/11/2025 07/11/25 Pending -- -- --
06/17/2025 06/17/25 For Sale $2,100,000 -- $584 / 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 $1,961 $156,668 $39,553 $117,115
2024 $1,961 $153,597 $38,778 $114,819
2023 $1,941 $150,586 $38,018 $112,568
2022 $1,914 $147,634 $37,273 $110,361
2021 $1,904 $144,741 $36,543 $108,198
2020 $1,870 $143,258 $36,169 $107,089
2019 $1,869 $140,450 $35,460 $104,990
2018 $1,756 $137,697 $34,765 $102,932
2017 $1,747 $134,998 $34,084 $100,914
2016 $1,771 $132,352 $33,416 $98,936
2015 $1,763 $130,365 $32,915 $97,450
2014 $1,666 $127,813 $32,271 $95,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML82011356

MLSListings

APN: 290-40-035