NOT LISTED FOR SALE

Estimated Value: $1,505,000 - $1,674,000

6 Beds
3 Baths
6,002 Sq Ft
$267/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $1,355,000 $226 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $9,744/month

93 Days on Market

Highlights

  • 23,460 Sq Ft lot
  • Laundry Room
  • Back Yard
  • Los Altos High School Rated A-
  • Level Lot

About This Home

As of January 2018

Property consists of 2 parcels with 4 units on each! second address is 14664 Valley Blvd. GREAT INVESTMENT oppurtunity here with plenty of room to increase rent! Entire Property was just freshly painted on the exterior. All units leased and are long term tenants. Why leave your money in the bank when you can have 10,000++ a month in your pocket?? Hurry this RARE 8 unit property will not last!

Last Agent to Sell the Property

Steve Mollard

RE/MAX INNOVATIONS License #01963297 Listed on: 10/23/2017

RE/MAX INNOVATIONS

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,948

Year Built

  • Built in 1963

Lot Details

  • 0.54 Acre Lot
  • Two or More Common Walls
  • Level Lot
  • Back Yard
  • Density is 6-10 Units/Acre
  • 8208005023

Parking

  • 10 Open Parking Spaces
  • 10 Car Garage
  • 5 Carport Spaces

Home Design

  • 6,002 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Rain Gutters
  • Private Sewer

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1343
  • Assessor Parcel Number 8208005030

Community Details

Overview

  • 4 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Insurance Expense $2,492
  • Other Expense $9,124
  • Trash Expense $1,851
  • Water Sewer Expense $2,580
  • Operating Expense $16,048
  • Gross Income $93,000
  • Net Operating Income $77,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,948

Year Built

Built in 1963

Lot Details

0

Parking

10

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2580.00
  • Property Type: Residential Income
  • Parcel Number: 8208005030
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 225.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 10.00
  • Total Parking Spaces: 25.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room, Inside
  • Sewer: Private Sewer
  • Trash Expense: 1851.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Storm Drains

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 8208005023
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Back Yard, Lot 20000-39999 Sqft, Level
  • Lot Size Sq Ft: 23460.00

Multi Family

  • Gross Income: 93000.00
  • Gross Scheduled Income: 93000.00
  • Insurance Expense: 2492.00
  • Net Operating Income: 77000.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 16048.00
  • Other Expense: 9124.00
  • Other Expense Description: prop tax
  • Rent Control: No
  • Total Actual Rent: 7650.00
  • Total Expenses: 16048.00

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 1343

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Golden Opportunity Investments Lp
Bought by
Flazer 17 Lp
Current Estimated Value
$1,599,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,591,250
Outstanding Balance
$10,547,175
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
-$8,947,508

Purchase Details

Closed on
Nov 30, 2018
Sold by
Pl Properties No 79 Llc
Bought by
Golden Opportunity Investments Lp

Purchase Details

Listed on
Oct 23, 2017
Closed on
Jan 25, 2018
Sold by
Peterson Lin C and Peterson Susan K
Bought by
Pi Properties No 79 Llc
Seller's Agent
Steve Mollard
RE/MAX INNOVATIONS
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,599,000
Sold Price
$1,355,000
Premium/Discount to List
-$244,000
-15.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.17%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Flazer 17 Lp $1,590,000 Orange Coast Title Co
Golden Opportunity Investments Lp $1,590,000 Chicago Title Company
Pi Properties No 79 Llc $1,355,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flazer 17 Lp $11,591,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2018 01/31/18 Sold $1,355,000 -15.3% $226 / Sq Ft
01/24/2018 01/24/18 Pending -- -- --
12/18/2017 12/18/17 For Sale $1,599,000 0.0% $266 / Sq Ft
12/04/2017 12/04/17 Pending -- -- --
11/19/2017 11/19/17 Price Changed $1,599,000 -8.6% $266 / Sq Ft
10/23/2017 10/23/17 For Sale $1,750,000 -- $292 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $15,948 $1,262,836 $636,724 $626,112
2024 $15,948 $1,238,076 $624,240 $613,836
2023 $15,570 $1,213,800 $612,000 $601,800
2022 $15,127 $1,190,000 $600,000 $590,000
2021 $12,961 $998,619 $623,493 $375,126
2020 $12,798 $988,380 $617,100 $371,280
2019 $12,600 $969,000 $605,000 $364,000
2018 $5,643 $368,715 $224,608 $144,107
2016 $5,213 $354,399 $215,887 $138,512
2015 $5,127 $349,077 $212,645 $136,432
2014 $5,074 $342,240 $208,480 $133,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17246144

California Regional Multiple Listing Service (CRMLS)

APN: 8208-005-030