NOT LISTED FOR SALE
8 Beds
4 Baths
2,700 Sq Ft
5,924 Sq Ft Lot

Sale Details

Date Sold: July 28, 2017

Last sale price $2,228,000 $825 Per Sq Ft

34 Days on Market

Highlights

  • Wood Flooring
  • Coin Laundry
  • 3-minute walk to Mora Park
  • Almond Elementary School Rated A

About This Home

As of July 2017

Highly desirable & high demand rental location! Well maintained fourplex on a large corner lot. All units offer 2 bedrooms/1 bathroom with private patios. Onsite laundry available, carports with storage lockers and separate gas & electric meters. Close proximity to major high tech employers such as Google, Facebook, Apple, Yahoo!, LinkedIn. Near public transit - CalTrain, VTA and a short drive to Downtown Mountain View. Bustling Castro Street offers excellent dining, shopping and entertainment. Great opportunity for investment or to live in one and rent out the rest. Offering Memorandum available.

Last Agent to Sell the Property

Michael Shields

SiliconValley MultiFamilyGroup License #01327546 Listed on: 05/04/2017

Last Buyer's Agent

Cindy Blanco

Intero Real Estate Services License #01435984

Intero Real Estate Services
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 5,924 Sq Ft Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Oven or Range
  • Range Hood
  • Dishwasher

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $108,000
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,560
  • Insurance Expense $1,688
  • Maintenance Expense $5,314
  • Other Expense $5,850
  • Utility Expense $7,189
  • Operating Expense $48,956
  • Gross Income $104,760

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

5,924 Sq Ft Lot

Listing Details

  • Zoning: R3-1*
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2700
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: Dishwasher, Hood Over Range, Oven Range, Refrigerator
  • Living Sq Ft: 2700
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Hardwood

Exterior Features

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

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Schools

  • High School: 265

Lot Info

  • Lot Acres: 0.1360
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5904.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5904.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 20.83
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1688
  • Expense Landscape: 1560
  • Expense Maintenance: 5314
  • Expenses Other: 5850
  • Expenses Total: 48956
  • Expenses Utility: 7189
  • Income Annual Gross: 104760.00
  • Income Annual Rental: 108000
  • Income Gross Scheduled: 108000
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • 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
May 4, 2017
Closed on
Jul 19, 2017
Sold by
Bought by
Seller's Agent
Michael Shields
SiliconValley MultiFamilyGroup
Buyer's Agent
Cindy Blanco
Intero Real Estate Services
List Price
$2,250,000
Sold Price
$2,228,000
Premium/Discount to List
-$22,000
-0.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,202,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2015
Closed on
Jun 3, 2015
Sold by
Bought by
Seller's Agent
Michael Shields
SiliconValley MultiFamilyGroup
Buyer's Agent
Michael Shields
SiliconValley MultiFamilyGroup
List Price
$2,350,000
Sold Price
$2,300,000
Premium/Discount to List
-$50,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.52%
Original Mortgage
$1,100,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2010
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
$660,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2005
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
$650,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 29, 2000
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
$608,000
Interest Rate
7.66%

Purchase Details

Closed on
Jan 8, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,228,000 Chicago Title Company
$2,300,000 Chicago Title Company
$868,000 Cornerstone Title Company
$1,090,000 First American Title Company
$760,000 Old Republic Title Company
$378,000 First American Title Guarant
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 $1,054,500
Closed $1,202,000
Previous Owner $1,100,000
Previous Owner $785,000
Previous Owner $660,000
Previous Owner $808,000
Previous Owner $650,000
Previous Owner $616,000
Previous Owner $608,000
Previous Owner $422,000
Previous Owner $318,000
Previous Owner $315,000
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 Prior Sale
07/28/2017 07/28/17 Sold $2,228,000 -1.0% $825 / Sq Ft
06/08/2017 06/08/17 Pending -- -- --
05/04/2017 05/04/17 For Sale $2,250,000 -2.2% $833 / Sq Ft
07/01/2015 07/01/15 Sold $2,300,000 -2.1% $852 / Sq Ft View Prior Sale
05/08/2015 05/08/15 Pending -- -- --
05/01/2015 05/01/15 For Sale $2,350,000 -- $870 / 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 $30,223 $2,585,780 $1,947,460 $638,320
2025 $29,193 $2,535,079 $1,909,275 $625,804
2024 $29,193 $2,485,373 $1,871,839 $613,534
2023 $28,798 $2,436,641 $1,835,137 $601,504
2022 $28,573 $2,388,864 $1,799,154 $589,710
2021 $28,734 $2,342,025 $1,763,877 $578,148
2020 $28,968 $2,318,011 $1,745,791 $572,220
2019 $27,553 $2,272,560 $1,711,560 $561,000
2018 $27,255 $2,228,000 $1,678,000 $550,000
2017 $28,076 $2,346,000 $1,938,000 $408,000
2016 $27,413 $2,300,000 $1,900,000 $400,000
2015 $11,650 $932,257 $644,418 $287,839
2014 $11,525 $913,996 $631,795 $282,201
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81650046

MLSListings

APN: 148-31-013

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