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

Sale Details

Date 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

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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

7,100 Sq Ft Lot

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

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
Dec 1, 2015
Closed on
Jun 13, 2016
Sold by
Bought by
Seller's Agent
Robert Johnston
Marcus & Millichap
Buyer's Agent
Robert Johnston
Marcus & Millichap
List Price
$2,280,000
Sold Price
$2,000,000
Premium/Discount to List
-$280,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 2015
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
$2,400,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2015
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
$2,400,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 11, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Mountain View West, CA

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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
$2,000,000 First American Title Company
-- First American Title Company
$3,400,000 First American Title Co Natl
-- None Available
-- None Available
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 $1,320,000
Closed $62,000
Closed $1,000,000
Previous Owner $2,400,000
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
06/17/2016 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

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 $28,051 $2,414,940 $2,173,449 $241,491
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

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Map

Source: MLSListings

MLS Number: ML81533964

MLSListings

APN: 154-02-011

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