Has been sitting on the market for 60 days with no buyer though. Why is the rent for the 3/2 so low? Only $2200.
Yea, rent number seems low. Maybe long term tenants, who know. But if I were to consider Cupertino, seems decent given you get good school and you have control on at least one of your neighbors. Given it is side by side, I don’t mind too much about privacy. It is me looking with investor eyes to my primary home.
sfdragonboy is the landlord, otherwise should be $3500.
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So the 3/2 is $3500, and the 2/2? Let’s say $3000. Together rent is $6500. The cap rate is so extremely low it will be difficult to defend because of the negative cash flow.
I also wonder how much appreciation upside it will have? If it’s 1.5 or 1.6 that would be far more interesting.
If it is SFH, rental would be max $5500.
Good one, hanera…
Did your UC Davis get any better yet???
Rent $2200 is too low, but it should be around $3500-$4000. But, Duplex is expensive List price, may be under negotiation. Good for owners to hold as rental at property tax $2758/year. If I guess right, this may be inheritance sale as this may be tax free at step-up basis. The listing agent may know the reason.
I think students don’t like UCB because of stress and many recent crimes.
High school counsellors advise students to choose Campus first before degree, and majors. Is it the Campus life you want for four or more years? Don’t forget, it could be your best four years in life. Don’t spend them in a Campus you don’t like.
they either started renting 20 years ago or in 2009. Slow increase or low starting price.
Just saw 100K price decrease.
Go make a 1.5m offer. 
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I would probably take 1.5m, with 30% downpayment & 3000 income on one unit, your cost of living in Cupertino school might be just 3000/month
Assuming home rents $3500 (2BD) and $4000 (3BD), and $2000/month expenses, yearly income is $66000. With 1.5M cash price, cap rate is 4.4% which is high…Home is 5%-7% appreciation rate at this place.
If they reduce to 1.5 M, it goes to full cash offer. The place has Monta Vista school, highest sought Cupertino location.
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Just upon looking closer, they have 3 duplexes in the area with same asking prices and they are all reduced 100K yesterday. I wonder if it is same owner and will be interesting to see how much it goes for. Unless sellers really want to unload them quick, normal seller won’t list all of them at the same time. Here comes our theory of inheritance sale.
https://www.redfin.com/CA/Cupertino/10315-El-Prado-Way-95014/unit-A/home/1683863
https://www.redfin.com/CA/Cupertino/10335-El-Prado-Way-95014/home/1065187
https://www.redfin.com/CA/Cupertino/10271-Lockwood-Dr-95014/home/1415466
What a nice inheritance! Where is my grandpa? 
Wow! Whoever owns these does not want to be known! I have never had issue before finding an owner via city-data.com, but this time these things are not listed!
Only thing i can find is:
10315: http://www.arivify.com/property/search/C4OPbY60u
10355: http://www.arivify.com/property/search/p25LdgxKY
http://www.legacy.com/obituaries/themonitor/obituary.aspx?pid=174887077
If this is the person (Carole L Garcia), she owned other properties in Los Altos, but they are not for sale right now.
Oh yes–all the same person:
10271 Lockwood Dr: http://www.arivify.com/property/search/2tLCengZM
Some of them sold already:
https://www.redfin.com/CA/Sunnyvale/852-Coolidge-Ave-94086/home/934971
https://www.redfin.com/CA/Cupertino/10322-Degas-Ct-95014/home/871823
https://www.redfin.com/CA/Sunnyvale/856-Coolidge-Ave-94086/home/1494714
The following has not gone on market yet:
https://www.redfin.com/CA/Los-Altos/1679-Jones-Ln-94024/home/1613774
So. She is sitting on 20M???
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Or more…
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Actually, she’s probably dead. And sitting on lined coffin. But her kids are going to be set for life.