Mountain View, CA 94040,Address not disclosed
Mountain View, CA 94040,Address not disclosed
Mountain View, CA 94040,Address not disclosed
$4,825,000
Est. payment /mo
$4,988,000
3.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

0.25 Acres Lot
SOLD DATE : 02/15/2022

Key Details

Sold Price $4,825,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81867150

Sold Date 02/15/22

HOA Y/N No

Year Built 1953

Annual Tax Amount $59,701

Lot Size 0.251 Acres

Property Description

Offering memorandum available. Pride of ownership 12-unit apartment complex with two six-unit buildings (366 & 372 Camille Ct) situated on one parcel with all updated one-bed/one-bath units with vaulted ceilings. Prestigiously located in the Cuesta Park neighborhood south of El Camino Real where homes are $1500+/SqFt. Walking distance to Downtown MV & Caltrain. Current monthly rent is $23,778. CAP Rate: 3.87% Current, 5.28% Proforma. GRM: 17.56 Current, 14.46 Proforma. 100% occupancy & collections. Current ownership of 13 years has consistently improved the property. All units have hardwood & slate floors, upgraded bathrooms & kitchens, & dual pane windows. New 50 year PVC roof in 2017, new carport in 2018, and pavement in 2019. Opportunity to add further value by adding in-unit laundry & private patios, renting out the large storage unit for additional income, and continuing the repositioning of the property to the high specification preferences of Silicon Valley technology employees.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning R3-1*

Interior

Heating Wall Furnace

Fireplace No

Exterior

Carport Spaces 5

Total Parking Spaces 7

Building

Lot Description Level

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Mountain View

School District Other

Others

Tax ID 19306037

Financing Private

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


CRMLS – RECore
Listed by Ismael Benhamida Compass
Bought with Andy Kay eXp Realty of California Inc.

GET MORE INFORMATION

Ivan Perez

Ivan Perez

+1(818) 242-6422

Broker Associate | License ID: 01952891

Broker Associate License ID: 01952891

Name

Phone*

Message