NOT LISTED FOR SALE
4 Beds
2 Baths
1,848 Sq Ft
8,699 Sq Ft Lot

Last Sold August 11, 2022

Last sale price $2,150,000 $1,163 Per Sq Ft

18 Days on Market

Highlights

  • Balcony
  • 3 Car Attached Garage
  • Washer and Dryer
  • Benjamin Bubb Elementary School Rated A
  • Forced Air Heating and Cooling System
  • 3-minute walk to Gemello Park

About This Home

As of August 2022

A fantastic investment opportunity in a prime location on the edge of Los Altos with easy access to major tech employers, commute routes, downtown amenities, and more. This spacious duplex sits on 8,700 square feet and includes two nicely remodeled units with updated kitchens, private outdoor space, and well-sized bedrooms. 1840 Marich Way sits towards the front of the property and has access to a completely private patio, an attached one-car garage, and landscaped front yard. Set back from the street for added privacy, 1850 Marich Way is a perfect owner unit with a sizable private yard, attached two-car garage, chefs kitchen, and upgraded bath. Potential to lease both units for rental income, or live comfortably on one side and rent the other!

Last Agent to Sell the Property

David Troyer

Intero Real Estate Services License #01234450 Listed on: 06/23/2022

Intero Real Estate Services

Last Buyer's Agent

Rebecca Pai

Realty World – Equity Solutions License #01307899

Realty World – Equity Solutions

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Lot Details

  • 8,699 Sq Ft Lot
  • Fenced

Parking

  • 3 Car Attached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,848 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $85,800
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Manager Expense $353
  • Operating Expense $8,329
  • Gross Income $85,800

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

0

Parking

3

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1848
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Kitchen: Dishwasher, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 1848
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Balcony / Patio, Fenced

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Mountain View-Los Altos Union High
  • Elementary School: Benjamin Bubb Elementary
  • Middle School: Isaac Newton Graham Middle
  • High School: Los Altos High
  • High School: 265
  • Elementary School: 161
  • Middle School: 163

Lot Info

  • Lot Acres: 0.1997
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8700.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8700.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written, Month To Month, Security Deposit
  • Gross Rent Multiplier: 25.06
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Management: 353
  • Expenses Total: 8329
  • Income Annual Gross: 85800.00
  • Income Annual Rental: 85800
  • Income Gross Scheduled: 85800
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Range of Values:

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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 Change Sq Ft Price
08/11/2022 08/11/22 Sold $2,150,000 0.0% $1,163 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $2,150,000 0.0% $1,163 / Sq Ft
06/30/2022 06/30/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $2,150,000 -- $1,163 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81897575

MLSListings

APN: 170-06-017