1047 Rich Avenue

Mountain View, CA 94040

$4,620,000
Price
Beds
7,096 Sq. Ft.
$651 / Sq. Ft.
7,096
Sq. Ft.
$651
per Sq. Ft.

Description

1047 Rich Ave is a stunning 14-unit apartment community located in the thriving city of Mountain View, CA. Situated on a 19,402 square foot parcel of land, the subject property was originally constructed in 1958 and features a gross building area of approximately 7,096 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom and studio floor plans. The subject property also offers tenants convenient community amenities such as private covered carports, storage lockers and an...1047 Rich Ave is a stunning 14-unit apartment community located in the thriving city of Mountain View, CA. Situated on a 19,402 square foot parcel of land, the subject property was originally constructed in 1958 and features a gross building area of approximately 7,096 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom and studio floor plans. The subject property also offers tenants convenient community amenities such as private covered carports, storage lockers and an on-site laundry facility. 1047 Rich Ave is located in the city of Mountain View in the South Bay's Santa Clara County. This well-positioned market rests directly below Palo Alto, one of the strongest residential markets in all of California. The city of Mountain View has been credited with many of the new technologies and markets originating in Silicon Valley. While leading the region in innovation and ideas, Mountain View harbors some of the nations top tech employers including Google, Microsoft, LinkedIn, Symantec, and Intuit. In addition to the countless tech employers, the subject property is also located within walking distance to Downtown Mountain View (1 mile) and the San Antonio Shopping Center (1.9 miles).
  1. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap • 650-492-0934
  2. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1047 Rich Avenue

MLS City Name
MOUNTAIN VIEW
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 10/08/2024 10:05 AM

Property Details for 1047 Rich Avenue

StatusActive
MLS #ML81983009
Days on Compass74
Taxes$54,526 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1958
Lot Size0.45 AC / 19,402 SF
CountySanta Clara County

Building Information for 1047 Rich Avenue

Stories-Residences-Year Built1958Building Size-Lot Size0.45 AC / 19,402 SF

Property Information for 1047 Rich Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 7096
  • Pool: No
  • Security Features: Other
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 15
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 14
  • Area Text: Miramonte
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1047
  • Street Name: Rich
  • Street Suffix: Avenue
  • Area ID: 209
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 7096
  • Structure SqFt Source: Assessor
  • Age: 66
Development Information
  • Zoning Detail: R3-1
Location Information
  • Parcel Number: 189-32-002
  • County Name: Santa Clara
  • City Name: MOUNTAIN VIEW
  • City Postal ID: 41
  • Postal Code: 94040
  • Elementary School District: 465
  • High School District Text: Mountain View-Los Altos Union High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .45
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 13
General Information
  • Annual Tax Amount: $54,526
  • Capitalization Rate: 4.81
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $8,515
  • Expense Landscape: $4,800
  • Expense Maintenance: $7,000
  • Expense Management: $13,465
  • Expense Trash: $19,421
  • Expenses Other: $900
  • Expenses Utility: $5,857
  • Expenses Total: $114,484
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 13.32
  • Income Annual Gross: $336,536
  • Income Annual Rental: $343,584
  • Income Gross Scheduled: $346,944
  • Income Other: $3,360
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2

Property History for 1047 Rich Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1047 Rich Avenue

Taxable ValueLand$558,859Additions$1,117,733Total$1,676,592
Tax Record2024$19,940 ($1,662 / month)
Home Facts
Total Finished SqFt7,096 SqFtAbove Grade Finished SqFt7,096 SqFtStories2Lot Size19,402 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningR3-1*CountySANTA CLARAAPN189-32-002Fireplace TypeHas Fireplace

Schools near 1047 Rich Avenue

This home is within Mountain View Whisman School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Benjamin Bubb Elementary School
PublicK to 5

Isaac Newton Graham Middle School
Public6 to 8

Los Altos High School
Public9 to 12

Gabriela Mistral Elementary
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1047 Rich Avenue is for sale in Mountain View, CA 94040. This property was listed for sale on October 8, 2024 by Marcus & Millichap, it's currently listed at $4,620,000. This listing's school districts are Mountain View Whisman School District, Mountain View-Los Altos Union High School District. Nearby schools include Benjamin Bubb Elementary School, Isaac Newton Graham Middle School and Los Altos High School. 1047 Rich Avenue is a 0-bed, 0-bath, 7,096 sqft built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.