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
  • Shed
  • Edith Landels Elementary School Rated A-
  • Storage Room
  • Forced Air Heating System

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
  • Storage Room

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
  • 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

  • High School: 266

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
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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
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

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 $28,887 $2,515,381 $2,077,925 $437,456
2024 $28,887 $2,466,061 $2,037,182 $428,879
2023 $28,590 $2,417,708 $1,997,238 $420,470
2022 $28,516 $2,370,303 $1,958,077 $412,226
2021 $27,816 $2,323,828 $1,919,684 $404,144
2020 $27,856 $2,300,000 $1,900,000 $400,000
2019 $8,855 $729,999 $328,499 $401,500
2018 $8,767 $715,686 $322,058 $393,628
2017 $8,409 $701,654 $315,744 $385,910
2016 $8,273 $687,897 $309,553 $378,344
2015 $8,041 $677,565 $304,904 $372,661
2014 $7,971 $664,294 $298,932 $365,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81767342

MLSListings

APN: 158-25-059