Moe Arshad
Real Estate Source, Inc.
(650) 667-7805
17 Total Sales
1 in Monta Loma
$2,000,000 Price
493 Thompson Ave Mountain View, CA 94043
Monta Loma Neighborhood
8
Beds
5
Baths
2,880
Sq Ft
0.3
Acre Lot
Highlights
- 0.3 Acre Lot
- Balcony
- Laundry Room
- Monta Loma Elementary School Rated A-
- Double Pane Windows
- Storage Room
About This Home
As of June 2021Offering memorandum available. Part of a portfolio of six fourplexes. Wonderful Mountain View fourplex that sits on a large 13,184 SqFt lot and includes three 2-bed/1-bath units and one 2-bed/2-bath unit, with a total living area of 2,880 SqFt. Single-story cottage style units with large private backyards located off of a quiet street comprised of mainly single-family homes. Current rent of $11,232/month. 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 493 Thompson Ave. 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
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Property Details
Home Type
- Multi-Family
Year Built
- 1963
Lot Details
- 13,186 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
- Double Pane Windows
- Storage Room
- Laundry Room
- Laminate Flooring
- Fire Suppression System
Kitchen
- Electric Oven
- Microwave
- Dishwasher
- Disposal
Parking
- 2 Parking Spaces
- 6 Carport Spaces
- Uncovered Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Balcony
Utilities
- Wall Furnace
- Heating System Uses Gas
- Separate Meters
Listing and Financial Details
- Total Actual Rent $134,779
- Month-to-Month Lease Term
Community Details
Overview
Amenities
- Coin Laundry
Building Details
- 4 Leased Units
- Gardener Expense $1,400
- Insurance Expense $1,358
- Maintenance Expense $2,000
- Other Expense $1,607
- Utility Expense $5,884
- Trash Expense $2,199
- Operating Expense $46,439
- Gross Income $134,346
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
Jun 4, 2021
Sold by
Bought by
Seller's Agent
Ismael Benhamida
Marcus & Millichap
Buyer's Agent
Michelle Sun
AEZ Investment, Inc.
List Price
$2,625,000
Sold Price
$2,562,000
Premium/Discount to List
-$63,000
-2.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,480,000
Outstanding Balance
$1,310,416
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 12, 2019
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
$2,825,000
Interest Rate
3.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 16, 2010
Sold by
Bought by
Purchase Details
Closed on
Jan 7, 2010
Sold by
Bought by
Purchase Details
Closed on
Feb 28, 2006
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
$417,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 20, 1998
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
$396,500
Interest Rate
6.91%
Purchase Details
Closed on
Dec 18, 1998
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
$396,500
Interest Rate
6.91%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Monta Loma, CA
-
Moe Arshad
-
Frank Cancilla
Frank Cancilla
FCC Realty Group
(669) 444-4807
10 Total Sales
1 in Monta Loma
$1,900,000 Price
-
Bonafede Team
Bonafede Team
Responds QuicklyCompass
(669) 266-0177
262 Total Sales
1 in Monta Loma
$740,000 Price
-
Keith Walker
Keith Walker
Responds QuicklyIntero Real Estate Services
(669) 230-1607
149 Total Sales
1 in Monta Loma
$1,200,000 Price
-
Kelley Solberg
Kelley Solberg
KW Bay Area Estates
(669) 238-2350
92 Total Sales
1 in Monta Loma
$2,470,000 Price
-
Varsha Upadhye
Varsha Upadhye
Coldwell Banker Realty
(925) 396-5506
52 Total Sales
1 in Monta Loma
$805,000 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 |
|---|---|---|---|
| $2,562,000 | Fidelity National Title Co | ||
| -- | Chicago Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Old Republic Title Company | ||
| -- | Alliance Title Company | ||
| -- | Alliance 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 |
|---|---|---|---|
| Open | $1,480,000 | ||
| Previous Owner | $1,000,000 | ||
| Previous Owner | $2,825,000 | ||
| Previous Owner | $417,000 | ||
| Previous Owner | $200,000 | ||
| Previous Owner | $388,000 | ||
| Previous Owner | $389,000 | ||
| Previous Owner | $396,500 | ||
| Previous Owner | $400,000 |
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 |
|---|---|---|---|---|
| 06/08/2021 06/08/21 | Sold | $2,562,000 | -2.4% | $890 / Sq Ft |
| 05/07/2021 05/07/21 | Pending | -- | -- | -- |
| 01/13/2021 01/13/21 | For Sale | $2,625,000 | -- | $911 / 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 | $32,749 | $2,828,652 | $2,508,469 | $320,183 |
| 2025 | $32,749 | $2,773,189 | $2,459,284 | $313,905 |
| 2024 | $32,694 | $2,718,813 | $2,411,063 | $307,750 |
| 2023 | $32,265 | $2,665,504 | $2,363,788 | $301,716 |
| 2022 | $32,175 | $2,613,240 | $2,317,440 | $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 | $7,430 | $605,348 | $302,674 | $302,674 |
| 2015 | $7,246 | $596,256 | $298,128 | $298,128 |
| 2014 | $7,161 | $584,578 | $292,289 | $292,289 |
Source: Public Records
Agents Affiliated with this Home
-
I
Seller's Agent in 2021
Ismael Benhamida
Marcus & Millichap
-
Michelle Sun
M
Buyer's Agent in 2021
Michelle Sun
AEZ Investment, Inc.
(650) 489-6688
Map
Source: MLSListings
MLS Number: ML81825564
APN: 147-18-057
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