NOT LISTED FOR SALE
8 Beds
4 Baths
3,914 Sq Ft
8,015 Sq Ft Lot

Sale Details

Date Sold: June 9, 2015

Last sale price $2,270,000 $580 Per Sq Ft

17 Days on Market

Highlights

  • 0.18 Acre Lot
  • Enclosed Parking
  • Forced Air Heating System
  • Amy Imai Elementary School Rated A
  • 4 Car Detached Garage

About This Home

As of June 2015

Well located Mountain View 4plex near the Sunnyvale border in a premier residential neighborhood. (4) spacious 2bd/1bth units-Each unit includes D/W, Private Garage, Patio/Balcony & Forced Air Heat. Copper Plumbing throughout-Comp Shingle Roof replaced approx. 9 years ago. New pedestrian freeway overpass custom built for this neighborhood that provides pedestrian and bicycle access to schools. Significant upside in rents and an outstanding opportunity to own one of the best rental markets in the Bay Area.

Last Agent to Sell the Property

Patrick Conkin

Intero Real Estate Services License #00922897 Listed on: 04/29/2015

Intero Real Estate Services

Last Buyer's Agent

Lucy Woo, CRS, GRI

Giant Realty Inc. License #01218081

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 8,015 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • Enclosed Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,914 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $97,764

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,500
  • Insurance Expense $1,850
  • Maintenance Expense $2,500
  • Other Expense $150
  • Utility Expense $4,800
  • Operating Expense $37,050
  • Gross Income $95,995

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

8,015 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R3-1*
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3914
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3914
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage, Enclosed

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1840
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.22
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1850
  • Expense Landscape: 1500
  • Expense Maintenance: 2500
  • Expenses Other: 150
  • Expenses Total: 37050
  • Expenses Utility: 4800
  • Income Annual Gross: 95995.00
  • Income Annual Rental: 97764
  • Income Gross Scheduled: 98964
  • Income Includes: Laundry
  • Income Other: 1200
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2015
Closed on
May 27, 2015
Sold by
Bought by
Seller's Agent
Patrick Conkin
Intero Real Estate Services
Buyer's Agent
Lucy Woo, CRS, GRI
Giant Realty Inc.
List Price
$2,100,000
Sold Price
$2,270,000
Premium/Discount to List
$170,000
8.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,700
Outstanding Balance
$252,863
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.08%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 4, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,270,000 Orange Coast Title Company
-- None Available
-- First American Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $801,700
Previous Owner $643,000
Previous Owner $650,000
Previous Owner $650,000
Previous Owner $390,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/09/2015 06/09/15 Sold $2,270,000 +8.1% $580 / Sq Ft
05/16/2015 05/16/15 Pending -- -- --
04/29/2015 04/29/15 For Sale $2,100,000 -- $537 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $32,382 $2,782,753 $2,316,921 $465,832
2025 $31,302 $2,728,191 $2,271,492 $456,699
2024 $31,302 $2,674,698 $2,226,953 $447,745
2023 $30,981 $2,622,254 $2,183,288 $438,966
2022 $30,900 $2,570,838 $2,140,479 $430,359
2021 $30,142 $2,520,430 $2,098,509 $421,921
2020 $30,185 $2,494,587 $2,076,992 $417,595
2019 $28,900 $2,445,674 $2,036,267 $409,407
2018 $28,574 $2,397,721 $1,996,341 $401,380
2017 $27,381 $2,350,708 $1,957,198 $393,510
2016 $26,685 $2,304,617 $1,918,822 $385,795
2015 $6,249 $530,214 $159,057 $371,157
2014 $6,194 $519,829 $155,942 $363,887
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81462596

MLSListings

APN: 198-07-014

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