513 Hope Terrace

Sunnyvale, CA 94087

$2,800,000
Price
Beds
4,029 Sq. Ft.
$695 / Sq. Ft.
4,029
Sq. Ft.
$695
per Sq. Ft.

Description

A Fantastic opportunity in the Heart of Silicon Valley/Fantastic Location+++ in Sunnyvale, bordering Cupertino with Award Winning and sought after Cupertino Schools (Nimitz Elementary, Cupertino Middle and Homestead High) 1.5 miles to Apple Campus/Spaceship, close to Shops, Restaurants & only minutes to Santana Row A Commuter's Delight with easy access to 280/Central Expressway Great unit mix of single story 3bed/2bath,with open &inviting floor plan, lots of natural light, hardwood floors, remodeled...A Fantastic opportunity in the Heart of Silicon Valley/Fantastic Location+++ in Sunnyvale, bordering Cupertino with Award Winning and sought after Cupertino Schools (Nimitz Elementary, Cupertino Middle and Homestead High) 1.5 miles to Apple Campus/Spaceship, close to Shops, Restaurants & only minutes to Santana Row A Commuter's Delight with easy access to 280/Central Expressway Great unit mix of single story 3bed/2bath,with open &inviting floor plan, lots of natural light, hardwood floors, remodeled kitchen w/granite counter-top fireplace private yard & 2car garage unit two is 1 bed/1ba in process of getting remodeled and the rent is projected rent unit three has 2 bedroom&1.5baths unit four also 2bedroom&1.5baths,end/corner unit with private balcony and recently remodeled All units have enclosed garage parking plus additional outside parking spaces Inspection reports available This packaging of a fourplex with such great location, unit combo & upside potential + owner occupied or investment possibilities don't come on the market often. Don't wait if that is what you have been looking for!
  1. Listed by Simin Malek • DRE #00887162 • Brokerage DRE #01908304 • Coldwell Banker Realty • 408-499-4001

Property Details for 513 Hope Terrace

MLS City Name
SUNNYVALE
Building Type
FOURPLEX
Garage Spaces
5
Parking Spaces
4
Cross Street
Alberta and Sara

Location

Listing Courtesy of Coldwell Banker Realty, Simin Malek, DRE #00887162
Add your commute
LISTING UPDATED: 04/25/2024 09:03 PM

Property Details for 513 Hope Terrace

StatusActive
MLS #ML81953593
Days on Compass81
Taxes$9,289 / year
HOA Fees$225
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1977
Lot Size0.14 AC / 6,098 SF
CountySanta Clara County

Location

Listing Courtesy of Coldwell Banker Realty, Simin Malek, DRE #00887162
Add your commute

Building Information for 513 Hope Terrace

Stories-Residences4Year Built1977Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$16,280 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

$774

HOA Dues

$225

The Payment Calculator is for illustrative purposes only.

Property Information for 513 Hope Terrace

Features
Room Information
  • Kitchen: Appliances - Vary by Unit, Cooktop - Electric, Countertop - Granite, Countertop - Stone, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Ice Maker
Features
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 4029
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Public Utilities
  • Water: Private / Mutual
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Attached Garage, Common Parking Area, Guest / Visitor Parking, Off-Site Parking, Parking Area, Varies by Unit
Property Details
Homeowners Association
  • HOA Exists: 1
  • HOA Fee: $225
Property Details
  • Area Text: Sunnyvale
  • Roof: Shingle
  • Subclass: Fourplex
  • Year Built Source: Other
  • Street Number: 513
  • Street Name: Hope
  • Street Suffix: Terrace
  • Area ID: 19
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4029
  • Structure SqFt Source: Other
  • Age: 47
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R3PD
Location Information
  • City Limits: Yes
  • Parcel Number: 323-43-013
  • County Name: Santa Clara
  • City Name: SUNNYVALE
  • City Postal ID: 74
  • Postal Code: 94087
  • Elementary School: 93
  • Elementary School District: 455
  • Middle School Text: Cupertino Middle
  • High School District Text: Fremont Union High
  • High School Text: Cupertino High
Lot Information
  • Foundation: Concrete Perimeter, Crawl Space
  • Horse Property: No
  • Lot Acres: .14
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $9,289
  • Building Unit Total: 4
  • Capitalization Rate: 3.70
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Rents
  • Vacancy Factor: 1
Income / Expense Details
  • Expense Insurance: $3,326
  • Expense Landscape: $200
  • Expense Maintenance: $700
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $2,700
  • Expenses Utility: $6,800
  • Expenses Total: $22,815
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance - Laundry, Maintenance - Repair, Utilities, Utilities - Hot Water
  • Gross Rent Multiplier: 22.44
  • Income Annual Gross: $123,552
  • Income Annual Rental: $124,800
  • Income Gross Scheduled: $124,800
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,450
Unit 2 Information
  • Unit 2 Approx Square Footage: 550
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,400
Unit 3 Information
  • Unit 3 Approx Square Footage: 942
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,450
Unit 4 Information
  • Unit 4 Approx Square Footage: 1100
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Half Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,750
Unit Type 1
  • Unit Type1 Approx SqFt: 1500

Property History for 513 Hope Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 513 Hope Terrace

Taxable ValueLand$281,475Additions$487,905Total$769,380
Tax Record2023$9,237 ($770 / month)
Home Facts
Total Finished SqFt4,029 SqFtAbove Grade Finished SqFt4,029 SqFtStories2Lot Size6,300 SqFtStyleQuadraplexYear Built1977ZoningR3PDCountySANTA CLARAAPN323-43-013Fireplace TypeHas Fireplace

Schools near 513 Hope Terrace

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 - K to 5
Rating
School
Distance
Chester W. Nimitz Elementary School
PublicK to 5

Cupertino Middle School
Public6 to 8

Homestead High School
Public9 to 12

R. I. Meyerholz Elementary School
PublicK 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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513 Hope Terrace is a multi-family home for sale in Sunnyvale, CA 94087. This property was listed for sale on February 7, 2024 by Coldwell Banker Realty, it's currently listed at $2,800,000. This listing's school districts are Fremont Union High School District, Cupertino Union School District. Nearby schools include Chester W. Nimitz Elementary School, Cupertino Middle School and Homestead High School. 513 Hope Terrace is a 0-bed, 0-bath, 4,029 sqft multi-family home built in 1977.

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 Coldwell Banker Realty, Simin Malek, DRE #00887162

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.