NOT LISTED FOR SALE

990 Clyde Ave Santa Clara, CA 95054

North Santa Clara Neighborhood
12 Beds
8 Baths
5,116 Sq Ft
7,405 Sq Ft Lot

Last Sold November 24, 2015

Last sale price $1,563,333 $306 Per Sq Ft

2 Days on Market

Highlights

  • Double Pane Windows
  • Montague Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of November 2015

**List Date: 6/30/2015** **COE: 8/18/2015** FOR COMP PURPOSE ONLY. Part of Portfolio Sale. Unique 24 units comprised of 6 fourplexes w/ 6 separate APNs. EACH UNIT measures +/-1,250SF 2 story, town-home layout, 3 bedroom, 2 bath + den. Because these are fourplexes you have the option of 30yr fixed conventional residential financing for each or combine into 1 commercial loan. Located near Hwy 101 and Montague Exwy in high demand rental market of Santa Clara. Near Rivermark Center and major Silicon Valley tech Cisco/EBay/Intel/Brocade. Rents 40% below market. No Rent Control. Offering Memorandum available.

Last Agent to Sell the Property

Joel Calvillo

KW Commercial South Bay License #01733780 Listed on: 11/22/2015

KW Commercial South Bay

Last Buyer's Agent

Mimi Du

Realty World-SVI Group License #01304977

Realty World-SVI Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,405 Sq Ft Lot

Home Design

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

Interior Spaces

  • 5,116 Sq Ft Home
  • Double Pane Windows

Parking

  • 4 Carport Spaces
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $80,900

Community Details

Overview

  • 5,116 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $100
  • Insurance Expense $1,191
  • Maintenance Expense $2,000
  • Manager Expense $6,683
  • Other Expense $1,388
  • Utility Expense $10,954
  • Trash Expense $1,436
  • Operating Expense $43,286
  • Gross Income $80,258

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: 5116
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 5116

Exterior Features

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

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7392.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7392.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.55
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1191
  • Expense Landscape: 100
  • Expense Maintenance: 2000
  • Expense Management: 6683
  • Expenses Other: 1388
  • Expenses Total: 43286
  • Expenses Utility: 10954
  • Expense Trash: 1436
  • Income Annual Gross: 80258.00
  • Income Annual Rental: 80900
  • Income Gross Scheduled: 82740
  • Income Includes: Laundry
  • Income Other: 1840
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Equipment/Fixture Rental, Fee - Property Management, Insurance, Maintenance, Reserve Fund, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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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
11/24/2015 11/24/15 Sold $1,563,333 -8.0% $306 / Sq Ft
11/24/2015 11/24/15 Pending -- -- --
11/22/2015 11/22/15 For Sale $1,700,000 -- $332 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joel Calvillo

    KW Commercial South Bay

    Section Image

  • M

    Buyer's Agent in 2015

    Mimi Du

    Realty World-SVI Group

    Section Image
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Map

Source: MLSListings

MLS Number: ML81533525

MLSListings

APN: 101-20-019

California Santa Clara County Santa Clara 95054 North Santa Clara

990 Clyde Ave, Santa Clara, CA

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