Kelley Solberg
KW Bay Area Estates
(669) 238-2350
92 Total Sales
1 in Monta Loma
$2,470,000 Price
481 Thompson Ave Mountain View, CA 94043
Monta Loma Neighborhood
8
Beds
4
Baths
2,880
Sq Ft
0.33
Acre Lot
Highlights
- 0.33 Acre Lot
- Balcony
- Storage Room
- Monta Loma Elementary School Rated A-
- Laundry Room
- 3-minute walk to Monta Loma Park
About This Home
As of March 2021Offering memorandum available. Part of a portfolio of six fourplexes. Wonderful Mountain View fourplex on a large 14,560 SqFt lot and includes four 2-bed/1-bath units totaling 2,880 SqFt. Single-story cottage style units with large private backyards located off of a quiet street comprised of mainly single-family homes. Three units leased for total of $10,000/month and 1 vacant unit-perfect for an owner occupant. Fully renovated units, and current ownership of over 20 years has consistently improved and maintained the property. Opportunity to add further value by repositioning the property to the preferences of Silicon Valley tech employees. Core location 1.3 miles from Google's headquarters. One block to Safeway and restaurants. Feeds into top ranked Los Altos High School. The large lot, renovated units, excellent schools, proximity to Silicon Valley employers, and value-add potential make this a great opportunity for both the cash flow and appreciation minded investor.
Last Agent to Sell the Property
Ismael Benhamida
Marcus & Millichap License #01722847 Listed on: 01/13/2021
Last Buyer's Agent
Ismael Benhamida
Marcus & Millichap License #01722847 Listed on: 01/13/2021
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Property Details
Home Type
- Multi-Family
Year Built
- 1963
Lot Details
- 14,562 Sq Ft Lot
- Fenced
- Level Lot
- Back Yard
Home Design
- Quadruplex
- Wood Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,880 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Storage Room
- Laundry Room
- Laminate Flooring
- Fire Suppression System
Kitchen
- Electric Oven
- Microwave
- Dishwasher
- Disposal
Parking
- 6 Parking Spaces
- 2 Carport Spaces
- Assigned Parking
Outdoor Features
- Balcony
Utilities
- Wall Furnace
- Heating System Uses Gas
- Separate Meters
Listing and Financial Details
- Total Actual Rent $160,200
- Month-to-Month Lease Term
Community Details
Overview
Amenities
- Coin Laundry
Building Details
- 3 Leased Units
- Gardener Expense $1,400
- Insurance Expense $1,358
- Maintenance Expense $2,000
- Other Expense $1,280
- Utility Expense $4,907
- Trash Expense $2,198
- Operating Expense $46,375
- Gross Income $156,472
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
Jan 13, 2021
Closed on
Mar 23, 2021
Sold by
Ryan James South Llc
Bought by
Seller's Agent
Ismael Benhamida
Marcus & Millichap
Buyer's Agent
Ismael Benhamida
Marcus & Millichap
List Price
$2,700,000
Sold Price
$2,655,000
Premium/Discount to List
-$45,000
-1.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Outstanding Balance
$1,493,338
Interest Rate
2.73%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 12, 2019
Sold by
Norton Daniel A and Daniel Anorton 2010 Revocable
Bought by
Ryan James South Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,825,000
Interest Rate
3.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 16, 2010
Sold by
Norton Paul
Bought by
Ryan James South Llc
Purchase Details
Closed on
Jan 7, 2010
Sold by
Norton Daniel A
Bought by
Norton Daniel A and Daniel A Norton 2010 Revocable Trust
Purchase Details
Closed on
Dec 20, 1998
Sold by
Norton Cherie L
Bought by
Norton Paul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Interest Rate
6.91%
Purchase Details
Closed on
Dec 18, 1998
Sold by
Norton Paul and Norton Daniel
Bought by
Norton Paul and Norton Daniel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Interest Rate
6.91%
Purchase Details
Closed on
May 30, 1997
Sold by
Harry Haimovitz and Sacca Marlena
Bought by
Norton Paul and Norton Daniel
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Monta Loma, CA
-
Kelley Solberg
-
Varsha Upadhye
Varsha Upadhye
Coldwell Banker Realty
(925) 396-5506
51 Total Sales
1 in Monta Loma
$805,000 Price
-
Lynn North
Lynn North
The Agency
(650) 747-8423
44 Total Sales
2 in Monta Loma
$900K - $1.1M Price Range
-
Lindsay Mandjek
Lindsay Mandjek
Corcoran Icon Properties
(925) 471-8024
110 Total Sales
1 in Monta Loma
$1,322,000 Price
-
Cooper Gaines
Cooper Gaines
eXp Realty of Northern CA, Inc
(650) 502-6235
57 Total Sales
1 in Monta Loma
$880,000 Price
-
Eric Macalma
Eric Macalma
TurboHome Brokerage Inc.
(279) 444-4561
67 Total Sales
1 in Monta Loma
$1,358,538 Price
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 |
|---|---|---|---|
| $2,655,000 | Fidelity National Title Co | ||
| Ryan James South Llc | -- | Chicago Title Company | |
| Ryan James South Llc | -- | None Available | |
| Norton Daniel A | -- | None Available | |
| Norton Paul | -- | Alliance Title Company | |
| Norton Paul | -- | Alliance Title Company | |
| Norton Paul | $1,320,000 | Fidelity National Title Co |
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 |
|---|---|---|---|
| Open | $1,700,000 | ||
| Previous Owner | Ryan James South Llc | $2,825,000 | |
| Previous Owner | Norton Paul | $606,000 | |
| Previous Owner | Norton Paul | $200,000 | |
| Previous Owner | Norton Paul | $489,000 | |
| Previous Owner | Norton Paul | $479,000 | |
| Previous Owner | Norton Paul | $100,000 | |
| Previous Owner | Norton Paul | $326,000 | |
| Previous Owner | Norton Paul | $328,000 |
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 |
|---|---|---|---|---|
| 03/23/2021 03/23/21 | Sold | $2,655,000 | -1.7% | $922 / Sq Ft |
| 03/04/2021 03/04/21 | Pending | -- | -- | -- |
| 01/13/2021 01/13/21 | For Sale | $2,700,000 | -- | $938 / 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 |
|---|---|---|---|---|
| 2026 | $33,917 | $2,931,332 | $2,097,752 | $833,580 |
| 2025 | $33,868 | $2,873,856 | $2,056,620 | $817,236 |
| 2024 | $33,868 | $2,817,506 | $2,509,756 | $307,750 |
| 2023 | $33,424 | $2,762,262 | $2,460,546 | $301,716 |
| 2022 | $33,331 | $2,708,100 | $2,412,300 | $295,800 |
| 2021 | $8,362 | $662,032 | $331,016 | $331,016 |
| 2020 | $8,313 | $655,244 | $327,622 | $327,622 |
| 2019 | $7,954 | $642,398 | $321,199 | $321,199 |
| 2018 | $7,887 | $629,802 | $314,901 | $314,901 |
| 2017 | $7,535 | $617,454 | $308,727 | $308,727 |
| 2016 | $7,515 | $605,348 | $302,674 | $302,674 |
| 2015 | $7,331 | $596,256 | $298,128 | $298,128 |
| 2014 | $7,246 | $584,578 | $292,289 | $292,289 |
Source: Public Records
Agents Affiliated with this Home
-
IB
Seller's Agent in 2021
Ismael Benhamida
Marcus & Millichap
Map
Source: MLSListings
MLS Number: ML81825562
APN: 147-18-055
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