Financial
Distress signals
Property profile

389 1st St Los Altos, CA 94022

OFF-MARKET
Retail space
Property ID
US09-2785332
3,140 SF 0.22 ac lot Built 1980
Last sale Jun 2024 · $2,702,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This multifamily residential income property is located in Los Altos, California, and has a total area of approximately 1,337 square feet. It is categorized as a residential income (multifamily) asset.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$70k
Tax billed · 2023
Assessed value$5.97M
Assessed land$3.90M
Assessed improvement$2.07M
Effective rate1.17%

Value estimate

· Sep 2026
$2.99M
$2.69M – $3.29M
AI approach$2.99M
Submarket $/SF estimate$3.24M

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$723/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$232 – $1,030
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CD
CE-ADMINISTRATIVE DISTRICT Chapter 14.36 - OA-1/OA-4.5 OFFICE-ADMINISTRATIVE DISTRICT Expand Chapter 14.40 - CN COMMERCIAL NEIGHBORHOOD D...
General categoryCOMMERCIAL
JurisdictionSANTA CLARA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop16.7
Auto Parts Store13.4
Wholesale Shop12.8

Location

389 1st St Los Altos, CA 94022-3605
County assessor Recorded deeds · 10 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
358 State, Los Altos, CA 94022-2815 $3,350,000 Jul 2025 2,750 SF
316 Main, Los Altos, CA 94022-2805 $1,975,000 Apr 2024 2,600 SF
160 Main, Los Altos, CA 94022-2905 $2,300,000 Oct 2022 3,774 SF
252 State, Los Altos, CA 94022-2813 $3,610,000 Feb 2022 3,800 SF
905 San Antonio, Los Altos, CA 94022-1308 $1,400,000 Feb 2022 2,600 SF
133 Main, Los Altos, CA 94022-2912 $825,000 Nov 2020 3,572 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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