NOT LISTED FOR SALE

1851 Latham St Mountain View, CA 94041

Mountain View West Neighborhood
8 Beds
4 Baths
3,776 Sq Ft
7,018 Sq Ft Lot

Last Sold February 10, 2022

Last sale price $2,750,000 $728 Per Sq Ft

11 Days on Market

Highlights

  • Granite Countertops
  • Ceiling Fan
  • Paved or Partially Paved Lot
  • Isaac Newton Graham Middle School Rated A-
  • Washer and Dryer
  • 1-minute walk to Castro Park

About This Home

As of February 2022

Wonderful Mountain View fourplex with four large 2-bed/1-bath units with patios totaling 3,776 Sq Ft. Gross rent of $12,000+ per month. Feeds into Los Altos High. Each unit has a large laundry room with full size washer and dryer and has been renovated with laminate flooring, kitchen appliances, cabinets, countertops, backsplash, and bathroom fixtures. Exterior improvements include dual pane windows and new roof. Tenants pay PG&E and reimburse owner for water, sewer, and trash. Opportunity to add further value by continuing the repositioning of the property to the preferences of Silicon Valley technology employees. Located 2.5 miles from Google's headquarters and walking distance to Whole Foods, San Antonio Shopping Center, and Caltrain San Antonio Station. The renovated units, great schools, proximity to Silicon Valley employers, and value-add potential make 1851 Latham Street a great opportunity for both the cash flow and appreciation-minded investor. Offering Memorandum available.

Last Agent to Sell the Property

Ismael Benhamida

Compass License #01722847 Listed on: 01/25/2022

Compass

Co-Listed By

Sydney Huang

Favorite Properties License #01439794

Last Buyer's Agent

Charlie Chiou

Top Mission Realty & Invest License #02011970

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 7,018 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Mostly Level

Home Design

  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,776 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Freezer
  • Granite Countertops
  • Disposal

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $146,400
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $3,000
  • Maintenance Expense $2,000
  • Other Expense $5,027
  • Utility Expense $3,559
  • Trash Expense $1,707
  • Operating Expense $49,022
  • Gross Income $144,802

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Listing Details

  • Zoning: R3-25, R3-25
  • Subclass: Fourplex, Fourplex
  • Age: 72, 72
  • Listing Class: Residential Income (2-4 Units), Residential Income (2-4 Units)
  • Structure Sq Ft: 3776, 3776
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: Countertop - Granite, Freezer, Garbage Disposal, Oven Range - Gas, Refrigerator, Countertop - Granite, Freezer, Garbage Disposal, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3776, 3776
  • Stories: 2, 2
  • Laundry: Washer / Dryer, Washer / Dryer
  • Flooring: Laminate, Laminate

Exterior Features

  • Foundation: Concrete Perimeter, Foundation Pillars, Concrete Perimeter, Foundation Pillars
  • Roof: Composition, Composition
  • Construction Type: Wood Frame, Wood Frame

Garage/Parking

  • Parking Spaces: 4, 4
  • Garage Parking Features: Assigned Spaces, Common Parking Area, Covered Parking, Off-Street Parking, Assigned Spaces, Common Parking Area, Covered Parking, Off-Street Parking
  • Carport Min: 4, 4

Utilities

  • Cooling System: Ceiling Fan, Ceiling Fan
  • Heating System: Wall Furnace, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer - Public

Schools

  • School District: Mountain View-Los Altos Union High, Mountain View-Los Altos Union High
  • Elementary School: Mariano Castro Elementary, Mariano Castro Elementary
  • Middle School: Isaac Newton Graham Middle, Isaac Newton Graham Middle
  • High School: Los Altos High, Los Altos High
  • High School: 265, 265
  • Elementary School: 162, 162
  • Middle School: 163, 163

Lot Info

  • Lot Description: Grade - Mostly Level, Paved, Grade - Mostly Level, Paved
  • Lot Acres: 0.1611, 0.1611
  • Lot Size Area Minimum Units: Square Feet, Square Feet
  • Minimum Lot Size: 7019.00, 7019.00
  • Lot Size Area Maximum Units: Square Feet, Square Feet
  • Maximum Lot Size: 7019.00, 7019.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Less Than 1 Yr, Month To Month, 1 Year Lease, Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 18.42, 18.42
  • Number Of Leased: 3, 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 3000, 3000
  • Expense Landscape: 1200, 1200
  • Expense Maintenance: 2000, 2000
  • Expenses Other: 5027, 5027
  • Expenses Total: 49022, 49022
  • Expenses Utility: 3559, 3559
  • Expense Trash: 1707, 1707
  • Income Annual Gross: 144802.00, 144802.00
  • Income Annual Rental: 146400, 146400
  • Income Gross Scheduled: 149280, 149280
  • Income Other: 2880, 2880
  • Meters: Master Water, Separate Electric, Separate Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1, 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3, 3

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
02/10/2022 02/10/22 Sold $2,750,000 0.0% $728 / Sq Ft
02/06/2022 02/06/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $2,750,000 +59.4% $728 / Sq Ft
01/21/2014 01/21/14 Sold $1,725,000 +2.4% $457 / Sq Ft
12/16/2013 12/16/13 Pending -- -- --
11/25/2013 11/25/13 For Sale $1,685,000 -- $446 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ismael Benhamida

    Seller's Agent in 2022

    Ismael Benhamida

    Compass

    (408) 373-6195

    1 in this area

    41 Total Sales

    Ismael Benhamida
    Section Image
  • Sydney Huang

    Seller Co-Listing Agent in 2022

    Sydney Huang

    Favorite Properties

    (925) 389-1968

    1 in this area

    18 Total Sales

    Sydney Huang
    Section Image

  • C

    Buyer's Agent in 2022

    Charlie Chiou

    Top Mission Realty & Invest

  • B

    Seller's Agent in 2014

    Bryan Danforth

    Cassidy Turley Northern California, Inc.

    Section Image

  • B

    Buyer's Agent in 2014

    Brian Henry

    Cassidy Turley Northern California, Inc.

    Section Image
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Map

Source: MLSListings

MLS Number: ML81875662

MLSListings

APN: 154-35-016

California Santa Clara County Mountain View 94041 Mountain View West

1851 Latham St, Mountain View, CA

This home is located at 1851 Latham St, Mountain View, CA 94041 since 25 January 2022. This property was built in 1950. 1851 Latham St is a home located in Santa Clara County with nearby schools including Mariano Castro Elementary School, Isaac Newton Graham Middle School, and Los Altos High School.

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