NOT LISTED FOR SALE
6 Beds
-- Bath
3,319 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: December 31, 2012

Last sale price $1,700,000 $512 Per Sq Ft

16 Days on Market

Highlights

  • Neighborhood Views
  • Balcony
  • Tile Flooring
  • Covington Elementary School Rated A+
  • Skylights
  • Forced Air Heating System

About This Home

As of December 2012

Prime Triplex near downtown Los Altos. All units are 2 bedrooms and 2 bathrooms. All units have fireplaces. Unit A & C have vaulted ceilings. Property currently has all units rented, but Unit B has given notice and will be available on Dec. 1, 2012, allowing a owner occupant to also purchase this Triplex. Excellent location with Los Altos Schools. Go to property website for floor plans & details.

Last Agent to Sell the Property

John Forsyth James

Compass License #01138400 Listed on: 10/24/2012

Compass

Last Buyer's Agent

Elina Lee

Century 21 MM License #01376276

Century 21 MM
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1967

Lot Details

  • 6,970

Parking

  • Covered Parking

Home Design

  • Triplex
  • Pillar, Post or Pier Foundation
  • Ceiling Insulation
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,319 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Balcony
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $104,100
  • The owner pays for garbage, services - gardener/landscaping, water
  • Month-to-Month Lease Term

Community Details

Building Details

  • Gardener Expense $100
  • Insurance Expense $1,600
  • Maintenance Expense $1,700
  • Manager Expense $5,600
  • Other Expense $300
  • Utility Expense $450
  • Trash Expense $750
  • Operating Expense $30,623
  • Gross Income $100,977

Additional Features

  • 3,319 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1967

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Zoning: R318
  • Subclass: Triplex
  • Inspections Reports: Geological/Flood, Pest Control, Property Inspection, Roof
  • Sale Price Per Sq Ft: 512.20
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 3319
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3319
  • Stories: 2
  • Laundry: 220 Volt Outlet, Washer/Dryer - Owned, Community Facility
  • Flooring: Tile, Laminate, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Foundation: Post And Pier, Concrete Perimeter
  • Roof: Metal
  • View: Local/Neighborhood
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Common Parking Area, Add'l Spots Available

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Private

Association/Amenities

  • Amenities Miscellaneous: Storage Locker

Schools

  • High School: 265

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7100.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7100.00
  • Lot Size Area Min Search: 7100.00
  • Maximum Lot Size: 7100.00

Green Features

  • Energy Features: Insulated Water Heater, Skylight, Ceiling Insulation

Rental Info

  • Existing Lease Term(s): Month To Month, 1 Year Lease
  • Gross Rent Multiplier: 17.27

Multi Family

  • Expense Insurance: 1600
  • Expense Landscape: 100
  • Expense Maintenance: 1700
  • Expense Management: 5600
  • Expenses Other: 300
  • Expenses Total: 30623
  • Expenses Utility: 450
  • Expense Trash: 750
  • Expense Water Sewer: 920
  • Income Annual Gross: 100977.00
  • Income Annual Rental: 104100
  • Income Gross Scheduled: 104100
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Maintenance - Exterminator, Utilities - Gas, Insurance, Maintenance - Laundry, Accounting/Legal, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Supplies, Vacancy Factor, Utilities - Electric
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric
  • Vacancy Amount: 3123
  • Vacancy Factor: 3

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

Closed on
Jul 17, 2013
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
$960,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 24, 2012
Closed on
Nov 28, 2012
Sold by
Bought by
Seller's Agent
John Forsyth James
Compass
Buyer's Agent
Elina Lee
Century 21 MM
List Price
$1,798,000
Sold Price
$1,700,000
Premium/Discount to List
-$98,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$967,950
Interest Rate
3.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 6, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
$1,699,750 Chicago Title Company
-- None Available
-- None Available
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 $803,000
Closed $960,000
Closed $967,950
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
12/31/2012 12/31/12 Sold $1,700,000 -5.5% $512 / Sq Ft
11/09/2012 11/09/12 Pending -- -- --
10/24/2012 10/24/12 For Sale $1,798,000 -- $542 / 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 $27,154 $2,135,286 $1,758,475 $376,811
2025 $25,942 $2,093,419 $1,723,996 $369,423
2024 $25,942 $2,052,373 $1,690,193 $362,180
2023 $25,501 $2,012,131 $1,657,052 $355,079
2022 $25,101 $1,972,678 $1,624,561 $348,117
2021 $25,293 $1,933,999 $1,592,707 $341,292
2020 $25,467 $1,914,169 $1,576,376 $337,793
2019 $24,332 $1,876,637 $1,545,467 $331,170
2018 $23,911 $1,839,841 $1,515,164 $324,677
2017 $22,987 $1,803,766 $1,485,455 $318,311
2016 $22,485 $1,768,399 $1,456,329 $312,070
2015 $22,138 $1,741,837 $1,434,454 $307,383
2014 $21,799 $1,707,718 $1,406,356 $301,362
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81238899

MLSListings

APN: 170-38-051

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