NOT LISTED FOR SALE

470 Franklin St Mountain View, CA 94041

5 Beds
3 Baths
2,146 Sq Ft
7,492 Sq Ft Lot

Last Sold May 06, 2016

Last sale price $2,500,000 $1,165 Per Sq Ft

7 Days on Market

Highlights

  • Downtown View
  • Wood Flooring
  • Balcony
  • Edith Landels Elementary School Rated A-
  • Marble Countertops
  • 4-minute walk to Pioneer Memorial Park

About This Home

As of May 2016

Wow! Location Location Location. This property features a wonderful 2 bedroom 1 bathroom house plus a duplex on a fantastic 7500' downtown lot. Extensive and thoughtful renovations make this and ideal purchase. Private rear patios, a detached 2 car garage enhance the desirability of the property. New main electrical panels and 50 year roof secure your investment in thriving Downtown Mountain View. Only steps from the Library, City Hall and the Performing Arts Center. Two blocks from all that Castro Street has to offer. Very Rare opportunity here with an opportunity to enjoy the property as is or in the future build a custom home in a highly desireable location. Move in Ready with all section 1 work complete. Main home has partial basement for ample storage. All 3 units have private laundry rooms. Individual gas and electric meters for each unit.

Last Agent to Sell the Property

Dave Keefe

Keller Williams Thrive License #01352506 Listed on: 04/07/2016

Keller Williams Thrive

Last Buyer's Agent

Soli Saatchi

Compass License #00925744

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Lot Details

  • 7,492 Sq Ft Lot
  • Fenced
  • Level Lot
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,146 Sq Ft Home
  • 1-Story Property
  • Downtown Views

Kitchen

  • Gas Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Marble Countertops
  • Corian Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Built-In Barbecue
  • Barbecue Area

Utilities

  • Floor Furnace
  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $132,000

Community Details

Overview

  • 2,146 Sq Ft Building

Building Details

  • Gardener Expense $1,500
  • Insurance Expense $1,500
  • Utility Expense $2,000
  • Trash Expense $1,200
  • Operating Expense $33,380
  • Gross Income $129,360

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2146
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit, Built-In Bbq Grill, Countertop - Marble, Countertop - Solid Surface / Corian, Countertop - Tile, Dishwasher, Garbage Disposal, Hood Over Range, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2146
  • Stories: 1
  • Laundry: Hookups Only, Washer/Dryer - Some Units
  • Flooring: Hardwood, Laminate, Tile
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • View: Downtown
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Drought Tolerant Plants, Fenced, Low Maintenance
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage, Off-Street Parking

Utilities

  • Heating System: Floor Furnace, Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Lot Info

  • Lot Description: Grade - Level, Regular
  • Lot Acres: 0.1720
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 16.48

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1500
  • Expense Landscape: 1500
  • Expenses Total: 33380
  • Expenses Utility: 2000
  • Expense Trash: 1200
  • Income Annual Gross: 129360.00
  • Income Annual Rental: 132000
  • Income Gross Scheduled: 132000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

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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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
05/06/2016 05/06/16 Sold $2,500,000 +14.9% $1,165 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
04/07/2016 04/07/16 For Sale $2,175,000 -- $1,014 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $33,838 $2,244,000 $1,805,400 $438,600
2024 $33,838 $2,901,459 $2,669,345 $232,114
2023 $33,489 $2,844,568 $2,617,005 $227,563
2022 $33,401 $2,788,793 $2,565,692 $223,101
2021 $32,580 $2,734,112 $2,515,385 $218,727
2020 $32,625 $2,706,078 $2,489,593 $216,485
2019 $31,233 $2,653,019 $2,440,778 $212,241
2018 $30,879 $2,601,000 $2,392,920 $208,080
2017 $29,602 $2,550,000 $2,346,000 $204,000
2016 $1,196 $82,902 $26,909 $55,993
2015 $1,167 $81,657 $26,505 $55,152
2014 $1,159 $80,058 $25,986 $54,072
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81579048

MLSListings

APN: 158-11-021