NOT LISTED FOR SALE

869 Sharmon Palms Ln Campbell, CA 95008

San Tomas Neighborhood
8 Beds
-- Bath
3,328 Sq Ft
7,841 Sq Ft Lot

Last Sold August 23, 2012

Last sale price $735,000 $221 Per Sq Ft

9 Days on Market

Highlights

  • Neighborhood Views
  • Level Lot
  • Carpet
  • Westmont High School Rated A

About This Home

As of August 2012

2 bedroom 1 bath spacious units, Approx. 825 sq. ft. each. Quiet Street and neighborhood, Close to Winchester Blvd & shopping. This property has a great upside rent increase potential. Property is a FIXER. A great investment prop. 3 of4 units are currently vacant and ready for upgrading. Fourth unit will be vacant in 30 to 60 days. Worth much more based on current market rents in Campbell.

Last Agent to Sell the Property

Walter Gil

California Partners Inc License #01883357 Listed on: 07/29/2012

Last Buyer's Agent

Mitchell Nazzisi

Realty World Castlerock License #01877079

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • Level Lot

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $72,000
  • The owner pays for garbage, water

Community Details

Overview

  • 3,328 Sq Ft Building

Building Details

  • Gardener Expense $1,000
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • Manager Expense $4,000
  • Other Expense $2,000
  • Utility Expense $2,000
  • Trash Expense $1,200
  • Operating Expense $24,712
  • Gross Income $69,120

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Fourplex
  • Age: 51
  • Inspections Reports: Fault Zone, Geological/Flood, Flood Zone
  • Sale Price Per Sq Ft: 220.85
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 3328
  • Stories: 2
  • Laundry: 220 Volt Outlet
  • Flooring: Carpet, Varies By Unit

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Carport, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8050.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 8050.00
  • Lot Size Area Min Search: 8050.00
  • Maximum Lot Size: 8050.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 10.35

Multi Family

  • Expense Insurance: 2000
  • Expense Landscape: 1000
  • Expense Maintenance: 2000
  • Expense Management: 4000
  • Expenses Other: 2000
  • Expenses Total: 24712
  • Expenses Utility: 2000
  • Expense Trash: 1200
  • Expense Water Sewer: 1200
  • Income Annual Gross: 69120.00
  • Income Annual Rental: 72000
  • Income Gross Scheduled: 72000
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Electric, Master Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric
  • Vacancy Amount: 2880
  • Vacancy Factor: 4

Range of Values:

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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
08/23/2012 08/23/12 Sold $735,000 -1.3% $221 / Sq Ft
08/07/2012 08/07/12 Pending -- -- --
07/29/2012 07/29/12 For Sale $745,000 -- $224 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2012

    Walter Gil

    California Partners Inc

  • M

    Buyer's Agent in 2012

    Mitchell Nazzisi

    Realty World Castlerock

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Map

Source: MLSListings

MLS Number: ML81228352

MLSListings

APN: 404-32-003

California Santa Clara County Campbell 95008 San Tomas

869 Sharmon Palms Ln, Campbell, CA

This home is located at 869 Sharmon Palms Ln, Campbell, CA 95008 since 29 July 2012. This property was built in 1961. 869 Sharmon Palms Ln is a home located in Santa Clara County with nearby schools including Westmont High School, Capri Elementary, and Village School.

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