NOT LISTED FOR SALE

231 Paul Ave Mountain View, CA 94041

2 Beds
2 Baths
1,152 Sq Ft
5,131 Sq Ft Lot

Last Sold November 01, 2024

Last sale price $1,600,000 $1,389 Per Sq Ft

2 Days on Market

Highlights

  • 2 Car Detached Garage
  • Ceiling Fan
  • 1-Story Property
  • Edith Landels Elementary School Rated A-

About This Home

As of November 2024

INCOME OPPORTUNITY--Duplex in highly sought-after Old Mountain View within strolling distance of trendy downtown pubs, eateries, shopping, Farmers Market, Caltrain, Eagle Park and lively local events. This mirror-image duet comprises units with 1BD, 1BA, an eat-in kitchen with outdoor access, living room, bedroom with built-in storage, bathroom with shower over tub, and one parking space in a detached two-car garage with washer and dryer. Units may have carpeting, vinyl and/or hardwood flooring. Unit 231: Includes a fridge, electric range, dishwasher, an updated bathroom and a small side yard. Leased. Current Rent: $2,730. Unit 233: Includes a gas range and fridge. Leased. Current Rent: $2,467. Units have separate PG&E meters. Pro Forma is available. This premium downtown location is in proximity to major employers, including Google, Microsoft, Meta, Apple, Great America and NASA, and thoroughfares for traveling throughout the Bay Area. This is as convenient as it gets!

Last Agent to Sell the Property

Andrew Klink

Compass License #01718862 Listed on: 09/23/2024

Compass

Last Buyer's Agent

Hanlu Chen

Coldwell Banker Realty License #02217455

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Lot Details

  • 5,131 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,152 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $60,817

Community Details

Overview

  • 1,152 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $1,555
  • Maintenance Expense $725
  • Manager Expense $4,257
  • Utility Expense $1,654
  • Trash Expense $1,009
  • Operating Expense $27,924
  • Gross Income $60,817

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1152
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Living Sq Ft: 1152
  • Stories: 1

Exterior Features

  • Foundation: Concrete Grid, Pillars / Posts / Piers
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1178
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5130.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5130.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 24.42
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1555
  • Expense Landscape: 1800
  • Expense Maintenance: 725
  • Expense Management: 4257
  • Expenses Total: 27924
  • Expenses Utility: 1654
  • Expense Trash: 1009
  • Income Annual Gross: 60817.00
  • Income Annual Rental: 60817
  • Income Gross Scheduled: 60817
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Exterminator, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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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Average Value
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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
11/01/2024 11/01/24 Sold $1,600,000 +7.7% $1,389 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $1,485,000 -- $1,289 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrew Klink

    Seller's Agent in 2024

    Andrew Klink

    Compass

    (650) 222-9989

    2 in this area

    79 Total Sales

    Andrew Klink
    Section Image

  • H

    Buyer's Agent in 2024

    Hanlu Chen

    Coldwell Banker Realty

    (650) 919-3880

    1 in this area

    28 Total Sales

    Hanlu Chen
    Section Image
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Map

Source: MLSListings

MLS Number: ML81981375

MLSListings

APN: 158-25-044

California Santa Clara County Mountain View 94041

231 Paul Ave, Mountain View, CA

Not Listed for Sale

MultiFamily

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