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To list your property with Belmont Brokerage, contact us at (818) 967-6311 or email brokerage@bbandm.com. Our team will provide a complimentary AI-powered Comparative Market Analysis (CMA), professional staging recommendations, and a customized marketing strategy. We list on the MLS and through our exclusive off-market network for maximum exposure.

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Active

+22 more

$2,788,000

89 DOM

$2,140/sqft2 bd3 ba1,303 sqftHOA ~762/mo

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389 First St 31 Los Altos, CA 94022

Penthouse level in a new luxury condominiums in downtown Los Altos*only 10 residential units*fitness center*roof top deck with full kitchen, seating, fire-table, and barbecue with views*two interior courtyard gardens*2-hour fire rated for added safety*extra layers of drywall for sound*gas fireplaces*heated flooring in primary bath*curb-less shower w/linear drains and bench seat*La Cantina bifold doors to pedestal balcony*bidet toilet in primary bath*gas Wolf cooktop*Sub-zero appliances*slow-close rift sawn real white oak cabinetry*real white oak 7.5 inch plank flooring*Caesarstone quartz counter top and backsplash*backlit and defogging mirrors*solid core doors*level 4-5 finish on walls*9-14 foot unit ceiling height* washer & dryer included*tankless water heater*nest thermostats*private storage locker at grade*shared bike storage room*one parking space per bedroom*extra wide and tall hallways*custom solid oak-stained stairway in shared areas*elevator finished with gold metal, an end-cut, butcher block & white oak flooring*custom Los Altos art throughout the building to help feel at home*everything you would expect in a luxury development* conveniently located in downtown Los Altos and an easy walk to Draegers/Los Altos Grill/Safeway/Main Street/State Street,&more*Los Altos Schools

MLS ML82031218

(408) 342-3000 (Office) 650-464-0878 (Cell) sjohnson@intero.com

Est. payment

$18,577/mo

Principal & interestTaxesInsuranceHOA

$14,098$2,904$813$762

Down %

Rate %

Years

Down payment: $557,600 · Total cost: $5,632,752

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$18,577/mo

Principal & interest: $14,098
Est. property tax: $2,904
Est. insurance: $813
HOA (normalized / mo): $762
Down payment: $557,600

Est. gross rent$11,617/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-6,960/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Jan 14, 2026	$2,788,000	—

Facts & Features

Transaction Data

HOA Fee$762/monthly

Structure & Property

Year Built2024

Garage Spaces2

(408) 342-3000 (Office) 650-464-0878 (Cell) sjohnson@intero.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

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389 First Street 31 — Los Altos — 2 Beds • 3 Baths • 1,303 Sq Ft | Belmont Brokerage | Belmont Brokerage

389 First St 31 Los Altos, CA 94022

About this home

Sophia Johnson

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Sophia Johnson

Sale & Tax History

No Recent Sales History

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.

389 First Street 31, Los Altos, CA 94022

About This Property

Property Photos

389 First St 31 Los Altos, CA 94022

About this home

Sophia Johnson

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Sophia Johnson

Sale & Tax History

No Recent Sales History

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.