NOT LISTED FOR SALE

231 Jessie Ln Mountain View, CA 94041

5 Beds
5 Baths
3,401 Sq Ft
8,050 Sq Ft Lot

Last Sold October 17, 2019

Last sale price $2,300,000 $676 Per Sq Ft

8 Days on Market

Highlights

  • Tile Countertops
  • Laundry Room
  • Forced Air Heating System
  • Edith Landels Elementary School Rated A
  • Shed
  • Coin Laundry

About This Home

As of October 2019

Great Investment Opportunity in Prime Downtown Location. 2 bedroom Owners unit plus 3 additional 1/1 units. Walkable to downtown, Cal train & easy freeway access. All units currently rented. Current CAP rate OVER 4%. Gross income $114,366. Each unit has its own carport and storage. Separately metered for gas & electricity. Owners unit has private entrance, in-side laundry, separate garden area, large carport & storage. Coin-op laundry for 1 bedrooms units. Spacious Court Yard with seating area, BBQ area and large shade trees.

Last Agent to Sell the Property

Linda Rodgers

Intero Real Estate Services License #00712238 Listed on: 09/05/2019

Intero Real Estate Services

Last Buyer's Agent

Sue Cheng

Intero Real Estate Services License #02027196

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • 8,050 Sq Ft Lot
  • Back Yard

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,401 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Tile Countertops

Flooring

  • Carpet
  • Laminate

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Outdoor Features

  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $112,366

Community Details

Overview

Amenities

  • Courtyard
  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,140
  • Insurance Expense $1,118
  • Maintenance Expense $4,160
  • Utility Expense $798
  • Trash Expense $2,946
  • Operating Expense $19,437
  • Gross Income $113,866

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

0

Listing Details

  • Zoning: R3-1*
  • Subclass: Fourplex
  • Age: 53
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3401
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Tile, Oven Range - Electric, Varies By Unit
  • Living Sq Ft: 3401
  • Stories: 2
  • Laundry: Coin Operated, Washer/Dryer - Some Units
  • Flooring: Carpet, Laminate
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Courtyard, Storage Shed / Structure

Garage/Parking

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

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Mountain View-Los Altos Union High
  • Elementary School: Edith Landels Elementary
  • Middle School: Isaac Newton Graham Middle
  • High School: Mountain View High
  • High School: 266
  • Elementary School: 166
  • Middle School: 163

Lot Info

  • Lot Acres: 0.1848
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8050.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8050.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.64
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1118
  • Expense Landscape: 1140
  • Expense Maintenance: 4160
  • Expenses Total: 19437
  • Expenses Utility: 798
  • Expense Trash: 2946
  • Income Annual Gross: 113866.00
  • Income Annual Rental: 112366
  • Income Gross Scheduled: 113866
  • Income Includes: Coin Operated Equip
  • Income Other: 1500
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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
10/17/2019 10/17/19 Sold $2,300,000 -2.1% $676 / Sq Ft
09/14/2019 09/14/19 Pending -- -- --
09/05/2019 09/05/19 For Sale $2,350,000 -- $691 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Linda Rodgers

    Seller's Agent in 2019

    Linda Rodgers

    Intero Real Estate Services

    (408) 886-8247

    34 Total Sales

    Linda Rodgers
    Section Image
  • Sue Cheng

    Buyer's Agent in 2019

    Sue Cheng

    Intero Real Estate Services

    (650) 388-0228

    2 in this area

    72 Total Sales

    Sue Cheng
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81767342

MLSListings

APN: 158-25-059

California Santa Clara County Mountain View 94041

231 Jessie Ln, Mountain View, CA

This home is located at 231 Jessie Ln, Mountain View, CA 94041 since 05 September 2019. This property was built in 1966. 231 Jessie Ln is a home located in Santa Clara County with nearby schools including Edith Landels Elementary School, Isaac Newton Graham Middle School, and Mountain View High School.

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