NOT LISTED FOR SALE
6 Beds
4 Baths
2,778 Sq Ft
10,224 Sq Ft Lot

Last Sold July 14, 2020

Last sale price $1,880,000 $677 Per Sq Ft

113 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Shed
  • Isaac Newton Graham Middle School Rated A-
  • Laundry Room
  • Tile Flooring

About This Home

As of July 2020

Great curb appeal! This single story 4-units apartment is situated on a large 10225 SF lot. The property consists of two 2/1 units and two 1/1 units, along with a separate carport and storage structure in the rear of the lot. Some recent improvements include double pane windows, fresh exterior painting, water heater, main line clean-out, and coin-in washer & dryer. Some units were upgraded with new kitchen cabinetry, granite countertop, new appliances, new tile in bathroom, designer painting and flooring. Centrally located in the highly desirable Mountain View, this apartment is just minutes away from downtown, Castro Street, City Hall, public library, parks, and Caltran station. Surrounded by the nations top tech giants, the apartment offers great long term upsides potential to the new owner! Current monthly rents is $7778 total. Unit #2 and Unit #3 are currently Section 8 tenants.

Last Agent to Sell the Property

Jenny Zhao

Maxreal License #01943795 Listed on: 02/25/2020

Maxreal

Co-Listed By

Maggie Xu

Maxreal License #01472823

Last Buyer's Agent

Xiaozhu Kang

Compass License #01999507

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 10,224 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,778 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laundry Room

Kitchen

  • Gas Oven
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • 3 Parking Spaces
  • 4 Carport Spaces
  • Uncovered Parking

Outdoor Features

  • Shed

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $75,766
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $720
  • Insurance Expense $1,153
  • Maintenance Expense $7,084
  • Other Expense $900
  • Utility Expense $4,359
  • Trash Expense $1,647
  • Operating Expense $34,171
  • Gross Income $74,656

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Listing Details

  • Zoning: R3-2*
  • Subclass: Fourplex
  • Style: Traditional
  • Age: 70
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2778
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: Countertop - Granite, Countertop - Other, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2778
  • Stories: 1
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition, Shingle
  • Yard/Grounds: Storage Shed / Structure
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport, Uncovered Parking
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Mountain View-Los Altos Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2347
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10225.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10225.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 25.98
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1153
  • Expense Landscape: 720
  • Expense Maintenance: 7084
  • Expenses Other: 900
  • Expenses Total: 34171
  • Expenses Utility: 4359
  • Expense Trash: 1647
  • Income Annual Gross: 74656.00
  • Income Annual Rental: 75766
  • Income Gross Scheduled: 76965
  • Income Includes: Laundry
  • Income Other: 1199
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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
07/14/2020 07/14/20 Sold $1,880,000 -6.0% $677 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
02/25/2020 02/25/20 For Sale $1,999,888 +34.4% $720 / Sq Ft
12/27/2016 12/27/16 Sold $1,487,640 -0.1% $536 / Sq Ft
12/18/2016 12/18/16 Pending -- -- --
12/07/2016 12/07/16 For Sale $1,488,888 -- $536 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81783995

MLSListings

APN: 154-11-004