$4,200,000
$3,998,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
5,437 SqFt
SOLD DATE : 05/24/2018
Key Details
Sold Price $4,200,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,437 sqft
Price per Sqft $772
MLS Listing ID ML81693334
Sold Date 05/24/18
HOA Y/N No
Year Built 1963
Annual Tax Amount $49,929
Lot Size 0.361 Acres
Property Description
Massive Cupertino fourplex located walking distance to Apple Park, Cupertino High, Bay Club, and Vallco Mall. Current scheduled rent of $17,375/month. CAP Rate: 3.42% Current, 4.07% Proforma. GRM: 19.18 Current, 17.56 Proforma. 5,437 SqFt building, 15,720 SqFt lot, and swimming pool. Exceptional unit mix: one 4BR/2BR flat with atrium, and one 3BR/2.5BA and two 2BR/1.5BA townhouses. There is a bonus fifth unit consisting of a large 1BR/1BA cottage which is rented for $1,995. The 3BR/2.5BA and one 2BR/1.5BA are currently vacant and can be rented at market rate. All units have been completely renovated with high end finishes. Improvements include kitchen appliances, dishwashers, cabinets, counter-tops, plank flooring, dual pane windows, doors, interior and exterior paint, and lighting. The two, three, and four bedroom units have large private backyards and central heating and most have in-unit washer and dryer. D.J. Sedgwick Elementary, Warren E. Hyde Middle, and Cupertino High.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3H
Interior
Interior Features Atrium
Flooring Laminate, Tile
Fireplace No
Appliance Dishwasher, Electric Cooktop, Freezer, Refrigerator
Exterior
Parking Features Covered, Carport, Off Street, Uncovered
Garage Spaces 1.0
Carport Spaces 5
Garage Description 1.0
Pool Community, Fenced, In Ground
Community Features Pool
Roof Type Shingle
Accessibility None
Total Parking Spaces 2
Private Pool No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Cupertino
School District Other
Others
Tax ID 37501006
Financing Conventional
Special Listing Condition Standard
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Bought with Agnes Yu • Bayreal Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "