663 La Grande Drive
Sunnyvale, CA 94087
Sq. Feet 6,050
The subject property is located at the end of a quiet culdesac in highly desirable Mountain View, California. The grounds consist of 13,181 square feet with 3,472 square feet of living space nestled amongst mature landscaping.
Built in 1962, the property consists of a large concrete perimeter foundation, wood frame construction, stucco exterior, and a beautifully landscaped premises. The composite roof and galvanized plumbing are both in excellent condition, and over $30,000 was recently put into a beautiful new concrete driveway. The investment offers one four-unit building, an on-site laundry room, four covered and six additional on-site parking spaces. All four apartment units are two-bedroom/one-bath units measuring 865 square feet a piece, and two of them have been redone with tile and laminte flooring.
The property is located in close proximity to Google Campus, and all other major employment hubs via Highway 101 & 280. Additionally, Mountain View's low housing affordability coupled with increasing jobs should yield continuning rent growth and decreasing vacancy in 2012.
Cap Rate: 4.47% NOI: $49,120 Livable Sq. Ft: 3,472
Built in 1962 4 units Lot Sq. Ft: 13,181