NOT LISTED FOR SALE

2068 San Luis Ave Mountain View, CA 94043

Monta Loma Neighborhood
8 Beds
-- Bath
2,668 Sq Ft
0.41 Acres

Last Sold April 25, 2012

Last sale price $1,100,000 $412 Per Sq Ft

11 Days on Market

Highlights

  • Wood Flooring
  • Garden View
  • Community Playground
  • Crittenden Middle School Rated A-
  • Community Pool
  • Community Barbecue Grill

About This Home

As of April 2012

Desirable Mountain View location. Huge lot zoned R3-22 make this unique property an investors dream.4 charming bungalow style units, each with their own one car garage and laundry area. Potential is unlimited for an investor with imagination and capital. City general plan allows for 4 single family homes or 5 townhouses.

Last Agent to Sell the Property

George S. Prows

Rocha Real Estate Group License #01220782 Listed on: 01/12/2012

Last Buyer's Agent

Amado Gutierrez

Fidelity Properties License #01212861

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • Level Lot

Parking

  • Private Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,668 Sq Ft Home
  • Garden Views

Flooring

  • Wood
  • Vinyl

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $71,760
  • The owner pays for garbage, services - gardener/landscaping, pool service

Community Details

Recreation

  • Community Playground
  • Community Pool

Building Details

  • Gardener Expense $2,000
  • Insurance Expense $2,000
  • Maintenance Expense $5,000
  • Manager Expense $3,600
  • Other Expense $3,000
  • Trash Expense $2,400
  • Operating Expense $37,770
  • Gross Income $64,584

Additional Features

  • 2,668 Sq Ft Building
  • Community Barbecue Grill

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: R322
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 412.29
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2668
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 2668
  • Laundry: Laundry Area - In All Units
  • Flooring: Carpet - Area, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Garden / Greenbelt

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

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

Condo/Co-op/Association

  • HOA Amenities: Playground, Community Pool, Bbq Area

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 18190.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 18190.00
  • Lot Size Area Min Search: 18190.00
  • Maximum Lot Size: 18190.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.94

Multi Family

  • Expense Insurance: 2000
  • Expense Landscape: 2000
  • Expense Maintenance: 5000
  • Expense Management: 3600
  • Expenses Other: 3000
  • Expenses Total: 37770
  • Expense Trash: 2400
  • Income Annual Gross: 64584.00
  • Income Annual Rental: 71760
  • Income Gross Scheduled: 71760
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Maintenance - Pool/Spa, Insurance, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Vacancy Factor
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Pool Service
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Cable Tv, Utilities - Electric
  • Vacancy Amount: 7176
  • Vacancy Factor: 10

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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
04/25/2012 04/25/12 Sold $1,100,000 +10.0% $412 / Sq Ft
01/23/2012 01/23/12 Pending -- -- --
01/12/2012 01/12/12 For Sale $999,999 -- $375 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $16,460 $1,381,650 $1,256,051 $125,599
2024 $16,460 $1,354,560 $1,231,423 $123,137
2023 $16,245 $1,328,001 $1,207,278 $120,723
2022 $16,198 $1,301,962 $1,183,606 $118,356
2021 $15,817 $1,276,435 $1,160,399 $116,036
2020 $15,724 $1,263,348 $1,148,501 $114,847
2019 $15,032 $1,238,578 $1,125,982 $112,596
2018 $14,892 $1,214,293 $1,103,904 $110,389
2017 $14,216 $1,190,484 $1,082,259 $108,225
2016 $14,054 $1,167,142 $1,061,039 $106,103
2015 $13,700 $1,149,612 $1,045,102 $104,510
2014 $13,535 $1,127,093 $1,024,630 $102,463
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2012

    George S. Prows

    Rocha Real Estate Group

    Section Image

  • A

    Buyer's Agent in 2012

    Amado Gutierrez

    Fidelity Properties

    Section Image
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Map

Source: MLSListings

MLS Number: ML81201363

MLSListings

APN: 150-03-020

California Santa Clara County Mountain View 94043 Monta Loma

2068 San Luis Ave, Mountain View, CA

Not Listed for Sale

MultiFamily

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