NOT LISTED FOR SALE
8 Beds
6 Baths
3,444 Sq Ft
8,329 Sq Ft Lot

Last Sold October 06, 2021

Last sale price $1,312,000 $381 Per Sq Ft

146 Days on Market

Highlights

  • 4 Car Attached Garage
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Christopher High School Rated A-

About This Home

As of October 2021

Both units have four bedrooms/2.5 bathrooms, and a two-car garage *** The duplex was built in 2000 *** Tenants pay all utilities *** Both units have a small backyard for family BBQ *** This is a suburban area of the county, primarily residential, surrounded by agricultural land, with good shopping, freeways, schools, buses, and recreational facilities. There is a good mix of properties in this area, with newly built homes and older-style homes that have been well kept or remodeled. All community facilities are within 15 minutes ***** Present rent roll does not reflect market value rents due to long-term tenancies ** Market rent in the area for 4/2.5 is between $3,800 and $4,000/month *** (data averaged from Zumper, and should be independently verified) **** Thank you!

Last Agent to Sell the Property

Truman Nhu

CENTURY 21 Masters License #01110101 Listed on: 04/20/2021

CENTURY 21 Masters

Last Buyer's Agent

Harnam Bhullar

Hilltop Realty License #01231109

Property Details

Home Type

  • Multi-Family

Year Built

  • 2000

Lot Details

  • 8,329

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,444 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Additional Features

  • 8,329 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $62,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Manager Expense $4,960
  • Other Expense $4,554
  • Operating Expense $28,151
  • Gross Income $62,400

Property Details

Home Type

Multi-Family

Year Built

2000

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Age: 21
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3444
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2000

Interior Features

  • Living Sq Ft: 3444
  • Stories: 1
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: Gilroy Unified

Lot Info

  • Lot Acres: 0.1912
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8327.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8327.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.36
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Management: 4960
  • Expenses Other: 4554
  • Expenses Total: 28151
  • Income Annual Gross: 62400.00
  • Income Annual Rental: 62400
  • Income Gross Scheduled: 62400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Loan - Mortgage, Maintenance
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Range of Values:

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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
10/06/2021 10/06/21 Sold $1,312,000 -5.9% $381 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $1,395,000 0.0% $405 / Sq Ft
09/11/2021 09/11/21 For Sale $1,395,000 +6.3% $405 / Sq Ft
08/28/2021 08/28/21 Off Market $1,312,000 -- --
07/28/2021 07/28/21 Price Changed $1,395,000 0.0% $405 / Sq Ft
04/20/2021 04/20/21 For Sale $1,395,000 -- $405 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81848032

MLSListings

APN: 790-12-024