1838 Higdon Avenue
Mountain View, CA 94041
Sq. Feet 13,181
1272 Poplar Avenue offers an investor the unique opportunity to own a well-maintained and well-managed rental property in one of the healthiest and attractive submarkets in California.
Pending approval from the City of Sunnyvale, the property would allow for subdivision into three separate parcels giving way to a great profit margin by selling each unit individually to build single family homes. The unit mix consists of two large two-bedroom/two-and-a-half-bath townhomes with spacious and well laid out floor plans and one large three-bedroom/two-bathroom house with a large private backyard. The property also has one converted studio unit that is non-co. There are two free standing garages with electric openers that can fit two cars each. 1272 Poplar Avenue is approximately 3,832 square feet situated on a12,060 square foot parcel. The building has been extremely well-maintained and benefits from mature, low-maintenance landscaping. The subject property also offers additional storage areas, ample on-site parking, and the three main units all have interior laundry rooms.
1272 Poplar Avenue offers one lucky investor a rare opportunity to purchase a true turn-key asset in the highly desirable and rapidly growing city of Sunnyvale, California.
Cap Rate: 3.25% NOI: $49,232 Livable Sq. Ft: 3,832
Built in 1985 4 units Lot Sq. Ft: 12,060