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Belmont Brokerage combines California MLS data with internal valuation and offer-strategy workflows, plus compliance-aware document tooling. Agents get data-driven pricing context grounded in active listings and recent market activity.

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Yes. Belmont Brokerage Inc. operates under California Department of Real Estate (DRE) license #02431308. Listings shown from the MLS follow participating board rules, including attribution and IDX display requirements.

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111 Lucero Way — Portola Valley — 4 Beds • 3 Baths • 2,358 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

OPEN APR 14 · 9:30AM – 1PM

+42 more

$3,795,000

4 DOM

$1,609/sqft4 bd3 ba2,358 sqft

Call

111 Lucero Way Portola Valley, CA 94028

12,016sqft lot

Set on a rare, relatively flat .28-acre cul-de-sac lot in the heart of Ladera, this 4BD/3BA home offers an ideal blend of location, layout, and everyday livability. Quiet, safe, and incredibly convenient, it's just a short stroll to the Recreation Center with pool, tennis, and more, as well as the Ladera Shopping Centers restaurants, cafés, and grocery, with easy access to Highway 280. The home features a well-designed, highly functional floor plan with great flow between living spaces and bedrooms. The main level includes a sunken sunroom with skylights, an eat-in kitchen with floor-to-ceiling storage, and a living room with a wood-burning fireplace. Three bedrooms are on the main level, including one ensuite, plus a private den or home office. Upstairs, the oversized primary suite is a true retreat with private deck, walk-in cedar closet, and separate double vanity. The expansive lot creates a true outdoor oasis with terraced planters, generous activity space, and room to relax, play, and entertain. Modern essentials include an ADT alarm, centralized Ethernet/coax wiring, an oversized two-car garage, and laundry. Located within the highly regarded Las Lomitas School District, this is a rare opportunity to own a move-in ready home in one of Laderas most desirable neighborhoods.

MLS ML82042067

(650) 462-1111 (Office) 650-575-5981 (Cell) josh@joshuarubin.com

Est. payment

$24,250/mo

Principal & interestTaxesInsurance

$19,190$3,953$1,107

Down %

Rate %

Years

Down payment: $759,000 · Total cost: $7,667,251

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$24,250/mo

Principal & interest: $19,190
Est. property tax: $3,953
Est. insurance: $1,107
Down payment: $759,000

Est. gross rent$15,813/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)$-8,437/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.