NOT LISTED FOR SALE
12 Beds
8 Baths
5,238 Sq Ft
0.46 Acres

Last Sold May 23, 2019

Last sale price $2,875,000 $549 Per Sq Ft

35 Days on Market

Highlights

  • 0.46 Acre Lot
  • Wood Flooring
  • Skylights
  • Benjamin Bubb Elementary School Rated A
  • Granite Countertops
  • Forced Air Heating System

About This Home

As of May 2019

Unbelievable Value in MV. This 4plex building is located in the highly desirable sub-market of MV.The subject property was constructed in 1955, offers approximately 5,238 square feet of livable space and is situated on a massive 20,081 square foot lot. The four units consist of four large three-bedroom/two-bath units. This rare mix appeals to all types of renters from Silicon Valley Tech Workers to small families. Residents of the units benefit from enclosed personal garage parking , plenty parking spaces , each unit has it's own laundry facility . The property is situated in a nice quiet neighborhood ,easy access to the many amenities in the city of MV, walking distance (under one-mile) to numerous popular restaurants, shops and entertainment located on Castro Street in downtown Castro street. High potential for owner occupied family compound as an option.

Last Agent to Sell the Property

Vivian Wang

Coldwell Banker Realty License #01181179 Listed on: 03/11/2019

Coldwell Banker Realty

Last Buyer's Agent

Vivian Wang

Coldwell Banker Realty License #01181179 Listed on: 03/11/2019

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Lot Details

  • 0.46 Acre Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,238 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Wood Flooring
  • Washer and Dryer

Kitchen

  • Dishwasher
  • Granite Countertops
  • Laminate Countertops
  • Disposal

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $149,340
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,560
  • Insurance Expense $3,200
  • Maintenance Expense $1,000
  • Utility Expense $3,000
  • Trash Expense $1,500
  • Operating Expense $49,460
  • Gross Income $149,340

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3-25
  • Subclass: Fourplex
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5238
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Granite, Countertop - Laminate, Countertop - Other, Dishwasher, Exhaust Fan, Garbage Disposal
  • Living Sq Ft: 5238
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Parking Area

Utilities

  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer In Street

Association/Amenities

  • Amenities Miscellaneous: Skylight

Schools

  • School District: Mountain View-Los Altos Union High

Lot Info

  • Lot Acres: 0.4612
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20088.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20088.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 22.77
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 3200
  • Expense Landscape: 1560
  • Expense Maintenance: 1000
  • Expenses Total: 49460
  • Expenses Utility: 3000
  • Expense Trash: 1500
  • Income Annual Gross: 149340.00
  • Income Annual Rental: 149340
  • Income Gross Scheduled: 149340
  • Income Includes: Rents
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas

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
05/23/2019 05/23/19 Sold $2,875,000 -15.4% $549 / Sq Ft
04/16/2019 04/16/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $3,399,950 +3.0% $649 / Sq Ft
09/15/2017 09/15/17 Sold $3,300,000 +1.9% $630 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $3,240,000 -- $619 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81742086

MLSListings

APN: 154-34-030