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$2,095,000   Price Analysis
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786 Sharmon Palms Ln
Campbell, CA 95008
8 bed 4 bath 3,150 SqFt ($665/SqFt)
7,841SqFt lot. Built 1962
Listed 2024-05-08, Taxes $21,661
Ⓧ USDA Ineligible
due to price & location

near Campbell

Prime 4-unit investment property in a nice Campbell area with an easy commute

Proximity to freeway / expressway / shops/schools / parks. All units have been maintained and improved by seller over the past 8+ years. Gross TY2023 rental income was $107, 164 ($8, 930 each mo.) and the operating 2023 expenses were $36, 676.

At the li st price, this yields a GRM of 20 wth an estimated Cap Rate of 3.36%. Please drive by but do not disturb tenants. Buyer offer will be contingent on acceptance after property inspection.


Presented by Ramaswamy Ramkumar at
Sabari Realty.


Property MLS #PW24092348 from CRMLS

Bedrooms: 8

Appliances: Dishwasher, Disposal, Range Hood, Refrigerator, Vented Exhaust Fan
Appliances YN: Yes
Laundry Features: Common Area

Cooling Features: Wall/Window Unit(s)
Heating Features: Wall Furnace
Heating: Yes

Full Bathrooms: 4

Flooring: Carpet, Tile

Carport Spaces: 6
Garage Spaces: 6
Parking Features: Parking YN: Yes, Parking Features: Carport
Parking Total: 12

Lot Description: 21-25 Units/Acre
Lot Size Acres: 0.1800046
Lot Size Source: Public Records
Lot Size Square Feet: 7841

Road Surface Type: Paved

Number of Units: 4
Bedrooms in Unit-1: 2
Total Bathrooms in Unit-1: 1
Unit-1 Garage Spaces: 6

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 4
Rent Control: Yes

Community Features: Urban

Source Listing Status: Active
County: Santa Clara
Cap Rate: 3.36
Source Property Type: Residential Income
Insurance Expense: 2875.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 40431006
Postal Code Plus 4: 5218
Trash Expense: 2313.00
Zoning: R2S
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$446,206 + $1,115,517
$1,561,723
$21,661
2021$437,457 + $1,093,645
$1,531,102
$21,189
2020$432,972 + $1,082,432
$1,515,404
$20,572
2019$424,483 + $1,061,208
$1,485,691
$20,208
2018$416,160 + $1,040,400
$1,456,560
$19,528
2017$408,000 + $1,020,000
$1,428,000
$19,190
2016$400,000 + $1,000,000
$1,400,000
$18,031
2015$342,719 + $319,801
$662,520
$9,379
2014$336,006 + $313,537
$649,543
$8,995
2013$334,488 + $312,120
$646,608
$8,916
2012$327,930 + $306,000
$633,930
$8,731
2010$321,500 + $300,000
$621,500
$12,405
2009$343,332 + $624,240
$967,572
$12,408
2009$342,518 + $622,760
$965,278
$12,408
2008$336,600 + $612,000
$948,600
$11,915
2007$330,000 + $600,000
$930,000
$11,795

Listed 2024-05-08
$2,095,000
CRMLS
Sold 2015-08-31
$1,400,000
MLSListings
Listed 2015-07-09
$1,288,888
MLSListings
Listing removed 2010-12-12
$576,900
MLSListings
Sold 2010-12-08
$621,500
Public Record
Listed 2010-10-21
$576,900
MLSListings
Listing removed 2010-08-14
$659,000
MLSListings
Price Changed 2010-07-26
$659,000
MLSListings
Price Changed 2010-07-10
$680,000
MLSListings
Price Changed 2010-07-07
$699,950
MLSListings
Relisted 2010-06-30
$720,000
MLSListings
Listing removed 2010-04-30
$650,000
MLSListings
Price Changed 2010-04-16
$650,000
MLSListings
Price Changed 2010-04-02
$715,000
MLSListings
Relisted 2010-03-15
$725,000
MLSListings
Listing removed 2009-10-31
$725,000
MLSListings
Relisted 2009-10-27
$725,000
MLSListings
Listing removed 2009-08-01
$725,000
MLSListings
Price Changed 2009-07-15
$725,000
MLSListings
Listed 2009-02-18
$819,950
MLSListings
Sold 2006-07-31
$930,000
Public Record
Sold 2001-08-06
$742,000
Public Record
Sold 1998-12-31
$215,000
Public Record
Sold 1986-08-15
$270,000
Public Record

Net Operating Income: 70488.00

Total Square Feet Living: 3150
Year Built: 1962
Building Features: 1
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Foundation Details: Slab
Property Age: 62
Property Attached: Yes
Roof: Composition
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Public Records

Electric: Standard
Electric Expense: 1523.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1926.00
Electricity Available
Natural Gas Available
Sewer Connected
Water Available
Water Source: Public

Parking

Capri Elementary School is a public elementary school located approximately 0.7 miles away.
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Westmont High School is a public high school located approximately 1.4 miles away.
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Rolling Hills Middle School is a public elementary and middle school located approximately 1.5 miles away.
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Springbridge International School is a private elementary school located approximately 0.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.