NOT LISTED FOR SALE

231 Jessie Ln Mountain View, CA 94041

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

Sale Details

Date 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

8,050 Sq Ft Lot

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

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
Sep 5, 2019
Closed on
Oct 8, 2019
Sold by
Bought by
Seller's Agent
Linda Rodgers
Intero Real Estate Services
Buyer's Agent
Sue Cheng
Intero Real Estate Services
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.
Original Mortgage
$1,300,000
Interest Rate
0.034%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2013
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
$281,300
Interest Rate
0.0354%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 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
$293,000
Interest Rate
0.0488%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2003
Sold by
Bought by

Purchase Details

Closed on
Nov 1, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,300,000 Chicago Title Company
-- Old Republic Title Company
-- Old Republic Title Company
-- Cornerstone Title Company
-- Cornerstone Title Company
-- --
$500,000 Old Republic Title Company
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
Closed $1,300,000
Closed $281,300
Closed $293,000
Closed $100,000
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
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

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
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

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