NOT LISTED FOR SALE
8 Beds
4 Baths
2,924 Sq Ft
7,100 Sq Ft Lot

Last Sold June 17, 2016

Last sale price $2,000,000 $684 Per Sq Ft

162 Days on Market

About This Home

As of June 2016

1806 Higdon Avenue offers an investor a rare opportunity to acquire a beautiful four-unit apartment building located on a corner lot of a quiet cul-de-sac street in highly desirable Mountain View, California. Built in 1962, the property consists of a large concrete perimeter foundation, wood frame construction, stucco exterior, fresh paint and all new drought resistant and a beautifully landscaped premises.

Last Agent to Sell the Property

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 12/01/2015

Last Buyer's Agent

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 12/01/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,100 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • 2 Carport Spaces

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2,924 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $85,500

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,258
  • Maintenance Expense $2,400
  • Other Expense $3,521
  • Utility Expense $590
  • Operating Expense $34,487
  • Gross Income $83,517

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3-2*
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2924
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 2924
  • Stories: 2

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Carport, Detached Garage
  • Carport Min: 2

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1630
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7092.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7092.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 25.64
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1258
  • Expense Landscape: 1200
  • Expense Maintenance: 2400
  • Expenses Other: 3521
  • Expenses Total: 34487
  • Expenses Utility: 590
  • Income Annual Gross: 83517.00
  • Income Annual Rental: 85500
  • Income Gross Scheduled: 86100
  • Income Includes: Laundry
  • Income Other: 600
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 3
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2016 06/17/16 Sold $2,000,000 -12.3% $684 / Sq Ft
05/12/2016 05/12/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $2,280,000 -- $780 / Sq Ft
Source: MLSListings

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 $27,209 $2,367,589 $2,130,833 $236,756
2024 $27,209 $2,321,166 $2,089,052 $232,114
2023 $26,930 $2,275,654 $2,048,091 $227,563
2022 $26,860 $2,231,034 $2,007,933 $223,101
2021 $26,201 $2,187,289 $1,968,562 $218,727
2020 $26,238 $2,164,862 $1,948,377 $216,485
2019 $25,123 $2,122,415 $1,910,174 $212,241
2018 $24,842 $2,080,800 $1,872,720 $208,080
2017 $23,806 $2,040,000 $1,836,000 $204,000
2016 $22,630 $1,940,000 $1,800,000 $140,000
2015 $3,906 $311,658 $133,182 $178,476
2014 -- $305,554 $130,574 $174,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81533964

MLSListings

APN: 154-02-011