NOT LISTED FOR SALE

499 Thompson Ave Mountain View, CA 94043

Monta Loma Neighborhood
8 Beds
4 Baths
2,880 Sq Ft
0.3 Acres

Last Sold April 30, 2021

Last sale price $2,500,000 $868 Per Sq Ft

67 Days on Market

Highlights

  • 0.3 Acre Lot
  • Balcony
  • Laundry Room
  • Monta Loma Elementary School Rated A-
  • Double Pane Windows
  • Ceiling Fan

About This Home

As of April 2021

Offering memorandum available. Part of a portfolio of six fourplexes. Wonderful Mountain View fourplex that sits on a large 13,184 SqFt lot and includes four 2-bed/1-bath units 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 $11,534/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 great location, large lot, renovated units, excellent schools, proximity to Silicon Valley employers, and value-add potential make 499 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

Marcus & Millichap

Last Buyer's Agent

Suzhi Wang

Goodview Financial & Real Estate License #02078288

Goodview Financial & Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 0.3 Acre 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
  • Laminate Flooring
  • Fire Suppression System
  • Laundry Room

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 $138,412
  • 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 $1,280
  • Utility Expense $7,181
  • Trash Expense $2,198
  • Operating Expense $47,735
  • Gross Income $137,342

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R3-25
  • Subclass: Fourplex
  • Age: 58
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2880
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2880
  • Stories: 1
  • Security: Fire System - Suppression
  • Laundry: Coin Operated
  • Flooring: Laminate
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking, Off-Street Parking, Parking Area, Uncovered Parking
  • Carport Min: 6

Utilities

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

Schools

  • School District: Mountain View-Los Altos Union High
  • Elementary School: Monta Loma Elementary
  • Middle School: Crittenden Middle
  • High School: Los Altos High
  • High School: 265
  • Elementary School: 1084
  • Middle School: 1083

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.3027
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13184.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13184.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.54
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1358
  • Expense Landscape: 1400
  • Expense Maintenance: 2000
  • Expenses Other: 1280
  • Expenses Total: 47735
  • Expenses Utility: 7181
  • Expense Trash: 2198
  • Income Annual Gross: 137342.00
  • Income Annual Rental: 138412
  • Income Gross Scheduled: 141590
  • Income Includes: Laundry, Rents, Storage Area
  • Income Other: 3178
  • Meters: Master Gas, Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance - Repair, Miscellaneous/Other, Reserve Fund, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • 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
04/30/2021 04/30/21 Sold $2,500,000 -4.8% $868 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $2,625,000 -- $911 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ismael Benhamida

    Seller's Agent in 2021

    Ismael Benhamida

    Marcus & Millichap

    (408) 373-6195

    4 in this area

    40 Total Sales

    Section Image
  • Suzhi Wang

    Buyer's Agent in 2021

    Suzhi Wang

    Goodview Financial & Real Estate

    (669) 777-8953

    1 in this area

    73 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81825569

MLSListings

APN: 147-18-058

California Santa Clara County Mountain View 94043 Monta Loma

499 Thompson Ave, Mountain View, CA

This home is located at 499 Thompson Ave, Mountain View, CA 94043 since 13 January 2021. This property was built in 1963. 499 Thompson Ave is a home located in Santa Clara County with nearby schools including Monta Loma Elementary School, Crittenden Middle School, and Los Altos High School.

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