1367-1371 S Wolfe Rd

Beds
Baths
7,190 Sq. Ft.
$551 / Sq. Ft.
7,190
Sq. Ft.
$551
per Sq. Ft.

Description

Offers due by 5pm on Thursday, Oct 22nd. 1367 & 1371 S. Wolfe Rd. is a portfolio of 2 separate Sunnyvale 4plexes w/ top ranked Cupertino schools. Each property has one large 3-bed/2-bath townhouse style owner's unit w/ vaulted ceiling, fireplace, & large private yard, two 2-bed/1.5-bath townhouse units w/ large private backyards, & one studio unit. Owned by the same family for 50+ years & rents are significantly below market providing the new owner w/ tremendous income & value upside (proforma CAP...Offers due by 5pm on Thursday, Oct 22nd. 1367 & 1371 S. Wolfe Rd. is a portfolio of 2 separate Sunnyvale 4plexes w/ top ranked Cupertino schools. Each property has one large 3-bed/2-bath townhouse style owner's unit w/ vaulted ceiling, fireplace, & large private yard, two 2-bed/1.5-bath townhouse units w/ large private backyards, & one studio unit. Owned by the same family for 50+ years & rents are significantly below market providing the new owner w/ tremendous income & value upside (proforma CAP Rate: 5.55%). Less than 1 mile from Apple headquarters. Additionally, they feed into Louis E. Stocklmeir Elementary (2012 API: 974), Cupertino Middle (2012 API: 934), & Fremont High (2012 API: 767). The superb unit mix, income upside, excellent schools, & proximity to large Silicon Valley employers make 1367 & 1371 South Wolfe Road a great opportunity for both the cash flow and appreciation minded investor. Offering memorandum available. Each property is also available separately for $2.1M.
  1. Listed by Ismael Benhamida • DRE #01722847 • Brokerage DRE #01240999 • Marcus & Millichap • 408-373-6195

Property Details for 1367-1371 South Wolfe Road

MLS City Name
SUNNYVALE
Building Type
Other
Garage Spaces
0
Parking Spaces
10
Cross Street
Elizabeth Way
LISTING UPDATED: 01/12/2021 12:10 AM

Property Details for 1367-1371 South Wolfe Road

StatusSold
MLS #ML81814825
Days on Compass45
Taxes$49,207 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.33 AC / 14,280 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Ismael Benhamida, DRE #01722847

Sold By Marcus & Millichap, Ismael Benhamida, DRE #01722847

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Building Information for 1367-1371 South Wolfe Road

Stories-Residences-Year Built1963Building Size-Lot Size0.33 AC / 14,280 SF

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Property Information for 1367-1371 South Wolfe Road

Features
External Links
Room Information
  • Kitchen: Cooktop - Electric, Countertop - Tile, Oven - Built-In, Pantry, Refrigerator
Features
  • Amenities: High Ceiling, Open Beam Ceiling, Walk-in Closet
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 7190
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Electric, Fireplace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 8
Garage
  • Garage and Parking: Assigned Spaces, Carport, Common Parking Area, Covered Parking, Off-Street Parking, Tandem Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Sunnyvale
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 1367-1371
  • Street Name: Wolfe
  • Street Direction Prefix: South
  • Street Suffix: Road
  • Area ID: 19
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 7190
  • Structure SqFt Source: Other
  • Age: 57
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Directions: Eleanor Way
  • Parcel Number: 30910021-022-NA
  • County Name: Santa Clara
  • City Name: SUNNYVALE
  • City Postal ID: 74
  • Postal Code: 94087
  • Elementary School: 1057
  • Elementary School District: 455
  • Middle School Text: Cupertino Middle
  • High School District Text: Fremont Union High
  • High School Text: Fremont High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .33
  • Lot Description: Grade - Level, Regular
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
  • Yard Grounds: Back Yard, Fenced, Sprinklers - Auto
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $49,207
  • Capitalization Rate: 3.21
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,254
  • Expense Landscape: $1,960
  • Expense Maintenance: $4,000
  • Expense Management: $0
  • Expense Trash: $5,116
  • Expenses Other: $1,021
  • Expenses Utility: $11,879
  • Expenses Total: $77,437
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 19.21
  • Income Annual Gross: $212,087
  • Income Annual Rental: $216,012
  • Income Gross Scheduled: $218,646
  • Income Other: $2,634
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $2,310
Unit 2 Information
  • Unit 2 Approx Square Footage: 1000
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,365
Unit 3 Information
  • Unit 3 Approx Square Footage: 400
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 0
  • Unit 3 Rent: $1,161
Unit Type 1
  • Unit Type1 Approx SqFt: 1200

Property History for 1367-1371 South Wolfe Road

DateEvent & SourcePriceAppreciation
Jan 7, 2021

Sold

EBRD #ML81814825

$3,960,000
Jan 7, 2021

Sold

MLSListings #ML81814825

$3,960,000
Nov 22, 2020

Pending

EBRD #ML81814825

Nov 22, 2020

Pending

MLSListings #ML81814825

Oct 9, 2020

Listed (Active)

EBRD #ML81814825

$4,200,000
Oct 8, 2020

Listed (Active)

MLSListings #ML81814825

$4,200,000
DateEvent & SourcePrice
01/07/2021

Sold

EBRD #ML81814825

$3,960,000
01/07/2021

Sold

MLSListings #ML81814825

$3,960,000
11/22/2020

Pending

EBRD #ML81814825

11/22/2020

Pending

MLSListings #ML81814825

10/09/2020

Listed (Active)

EBRD #ML81814825

$4,200,000
10/08/2020

Listed (Active)

MLSListings #ML81814825

$4,200,000

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

Schools near 1367-1371 South Wolfe Road

This home is within Fremont Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Louis E. Stocklmeir Elementary School
PublicK to 5

Cupertino Middle School
Public6 to 8

Fremont High School
Public9 to 12

Community Day School
Public9 to 12

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.

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Listing Courtesy of Marcus & Millichap, Ismael Benhamida, DRE #01722847

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.