Twenty-three units with rent upside from day one. A rare 23 unit opportunity in the heart of Silicon Valley, minutes from Google, Meta, LinkedIn, Intuit, Stanford University, and Caltrain, with easy access to US 101, CA 85, and CA 237. Built in 1961 on a 0.64 acre lot, this two story, garden style building offers roughly 22,222 square feet, carport parking, and an on site swimming pool. The 23 units average 966 square feet, larger than typical new construction studios and one bedrooms, with a mix of one bedroom, two bedroom, and one townhome style layout. The property is currently fully occupied, with two units vacating at the end of September. Water is master metered and paid by ownership, while gas and electric are individually metered and paid by residents. Rents carry great upside already in motion, with two units scheduled to turn over soon at anticipated rents of $3,400 to $3,700 dollars per month. Close to parks, shopping, dining, and top rated schools, this is a rare, well located asset with a clear path to capturing rent upside without a large renovation budget.
| MLS # | ML82060814 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 54 |
| Listing Provided By | Compass | Ray Rodriguez |
| SQ Feet | 22,222 |
|---|---|
| Car Port | Yes |
| Building(s) | 2 |
| Zoning | R3-1* |
| Acreage | 0.64 |
| Heating | Forced Air, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Flat, Shingle |
|---|
| Property | 101728 |
|---|
| State | CA |
|---|---|
| County | Santa Clara |
| City | Mountain View |
| Zip Code | 94040 |
| Area | 699 Not Defined |
| Listing VS Median (in 94040) | |
Price: $8,800,000 low | high Med: $1,632,000 sqft: 22,222 low | high Med: 1,518 $ / sqft: $396 low | high Med: $1,075 On site: 54 low | high Med: 267 | |
| State | CA |
|---|---|
| County | Santa Clara |
| City | Mountain View |
| Zip Code | 94040 |
| Area | 699 Not Defined |
| Listing VS Median (in 94040) | |
Price: $8,800,000 low | high Med: $1,632,000 sqft: 22,222 low | high Med: 1,518 $ / sqft: $396 low | high Med: $1,075 On site: 54 low | high Med: 267 | |