786 Sharmon Palms Lane

Campbell, CA 95008

$2,095,000
Price
2
Beds
4
Baths
3,150 Sq. Ft.
$665 / Sq. Ft.
3,150
Sq. Ft.
$665
per Sq. Ft.

Description

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 list price, this yields a GRM of 20 with an estimated Cap Rate of 3.36%. Please drive by but do not disturb tenants. Buyer offer will be contingent on acceptance after property...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 list price, this yields a GRM of 20 with 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.
  1. Listed by Ramaswamy Ramkumar • DRE #01066689 • Brokerage DRE #01066689 • Sabari Realty • 562-652-2379

Property Details for 786 Sharmon Palms Lane

Parking Spaces Total
12
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3150
Assessor Parcel Number
40431006

Location

Listing Courtesy of Sabari Realty, Ramaswamy Ramkumar, DRE #01066689
Add your commute
LISTING UPDATED: 05/08/2024 11:28 PM

Property Details for 786 Sharmon Palms Lane

StatusActive
MLS #PW24092348
Days on Compass12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.18 AC / 7,841 SF
CountySanta Clara County

Location

Listing Courtesy of Sabari Realty, Ramaswamy Ramkumar, DRE #01066689
Add your commute

Building Information for 786 Sharmon Palms Lane

Stories2Residences-Year Built1962Building Size-Lot Size0.18 AC / 7,841 SF

Payment Calculator

$13,251 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,433

Property Taxes

$1,818

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 786 Sharmon Palms Lane

Income / Expense / Tax Details
Income Details
  • Gross Income: $107,164
  • Gross Scheduled Income: $107,164
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $70,488
  • Net Operating Income: $70,488
  • Laundry Income: $769
  • Gross Multiplier: 20.0
  • Cap Rate: 3.36
Expense Details
  • Operating Expense: $36,676
  • Fuel Expense: $0
  • Electric Expense: $1,523
  • Insurance Expense: $2,875
  • Trash Expense: $2,313
  • Water Sewer Expense: $1,926
  • Total Expenses: $36,676
Tax / Assessment Info
  • Tax Tract Number: 2697
  • Tax Census Tract: 5067.02
  • CFD/Mello-Roos Fee: $2,583
  • Tax Lot: 15
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Range Hood, Refrigerator, Vented Exhaust Fan
  • Equipment: Dishwasher, Laundry Area, Refrigerator, Vented Exhaust Fan
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Tile
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 21-25 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 6
  • Carport Spaces: 6
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $107,164
  • Unit Type Total Rent: $106,395
  • Unit Type Pro Forma: 108620
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 786 Sharmon Palms Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 786 Sharmon Palms Lane

Taxable ValueLand$1,137,827Additions$455,130Total$1,592,957
Tax Record2023$21,816 ($1,818 / month)
Home Facts
Total Finished SqFt3,150 SqFtAbove Grade Finished SqFt3,150 SqFtStories2Lot Size8,064 SqFtStyleQuadraplexYear Built1962ZoningR2SCountySANTA CLARAAPN404-31-006Fireplace TypeHas Fireplace

Schools near 786 Sharmon Palms Lane

This home is within Campbell Union School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 5 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Capri Elementary School
CharterK to 5

Rolling Hills Middle School
Charter5 to 8

Westmont High School
Public9 to 12

Village
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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786 Sharmon Palms Lane is a multi-family home for sale in Campbell, CA 95008. This property was listed for sale on May 7, 2024 by Sabari Realty, it's currently listed at $2,095,000. It has been on the market for a total of 12 days and was last sold on August 19, 2015. This listing's school districts are Campbell Union School District, Campbell Union High School District. Nearby schools include Capri Elementary School, Rolling Hills Middle School and Westmont High School. 786 Sharmon Palms Lane is a 2-bed, 4-bath, 3,150 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sabari Realty, Ramaswamy Ramkumar, DRE #01066689

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.