NOT LISTED FOR SALE

Morgan Hill, CA 95037

8 Beds
-- Bath
4,812 Sq Ft
10,454 Sq Ft Lot

Last Sold April 08, 2014

Last sale price $1,165,000 $242 Per Sq Ft

42 Days on Market

Highlights

  • Mountain View
  • Tile Flooring
  • Forced Air Heating System
  • Balcony

About This Home

As of April 2014

Great Location. walking distance to town, train stop, and bus stop. All units have separate water, electric, gas meters, dishwashers, refrigerators, and fireplaces. Great floorplans. Tenant pays all except $100 mo for Gardener, and $25 for outside water. w/d hookups in each unit. originally designed to be condos. 4 separate addresses. Finest 4 plex on the market. Below Market Rents

Last Agent to Sell the Property

Keith Kanady

KW Bay Area Estates License #00953975 Listed on: 01/20/2014

KW Bay Area Estates

Last Buyer's Agent

Raylene Khan

Christie's International Real Estate Sereno License #01202160

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Year Built

  • 1989

Lot Details

  • 10,454

Home Design

  • Quadruplex
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,812 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • Private Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Balcony
  • Sprinkler System

Listing and Financial Details

  • Total Actual Rent $71,400
  • The owner pays for services - gardener/landscaping, water

Community Details

Overview

  • 4,812 Sq Ft Building

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $3,117
  • Maintenance Expense $3,050
  • Other Expense $250
  • Operating Expense $19,624
  • Gross Income $71,400

Property Details

Home Type

Multi-Family

Year Built

1989

Lot Details

0

Listing Details

  • Zoning: 2RPD
  • Subclass: Fourplex
  • Age: 25
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Roof, Flood Zone
  • Sale Price Per Sq Ft: 242.10
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 4812
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1989

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 4812
  • Stories: 2
  • Laundry: Laundry Area - In All Units
  • Flooring: Hardwood - Partial, Tile, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Mountains
  • Yard/Grounds: Sprinklers - Lawn, Balcony / Patio

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Off-Street Parking, Spaces Per Unit - 1

Utilities

  • Heating System: Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Morgan Hill Unified

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10800.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 10800.00
  • Lot Size Area Min Search: 10800.00
  • Maximum Lot Size: 10800.00

Green Features

  • Energy Features: Ceiling Insulation

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.10

Multi Family

  • Expense Insurance: 3117
  • Expense Landscape: 1200
  • Expense Maintenance: 3050
  • Expenses Other: 250
  • Expenses Total: 19624
  • Expense Water Sewer: 300
  • Income Annual Gross: 71400.00
  • Income Annual Rental: 71400
  • Income Gross Scheduled: 71400
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax
  • Owner Pays: Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal

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 Change Sq Ft Price
04/08/2014 04/08/14 Sold $1,165,000 +1.3% $242 / Sq Ft
03/03/2014 03/03/14 Pending -- -- --
01/20/2014 01/20/14 For Sale $1,149,500 +21.0% $239 / Sq Ft
12/28/2012 12/28/12 Sold $950,000 +2.7% $197 / Sq Ft
11/13/2012 11/13/12 Pending -- -- --
10/31/2012 10/31/12 For Sale $925,000 -- $192 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2014

    Keith Kanady

    KW Bay Area Estates

    Section Image
  • Raylene Khan

    Buyer's Agent in 2014

    Raylene Khan

    Sereno Group

    (408) 316-9719

    2 in this area

    66 Total Sales

    Raylene Khan
    Section Image

  • L

    Seller's Agent in 2012

    Linda Leimas

    Deonna Essary, Broker

    Section Image
See All Agents

Source: MLSListings

MLS Number: ML81401813

MLSListings

APN: 767-05-032

California Santa Clara County Morgan Hill

95037

This home since 20 January 2014. This property was built in 1989. This home is a home located in Santa Clara County with nearby schools including P.A. Walsh STEAM Academy, Lewis H. Britton Middle School, and Live Oak High School.

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