37 Sherland Avenue
Mountain View, CA 94043
Sq. Feet 20,033
1838 Higdon Avenue is a beautifully renovated four-unit apartment building located at the end of a quiet culdesac in highly desirable Mountain View, California. The grounds consist of a massive 13,181 square foot lot 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 investment offers 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.
The current owners have put an incredible amount of capital improvements into the property over the past two years. Recent upgrades include a $30,000 driveway, massive new front deck, three new bathrooms and kitchens with granite countertops, tile floors and new appliances. Due to the size of the lot, there have been private fenced-off yards for each of the two ground-floor tenants making the acheivable rent even higher.
Cap Rate: 3.46% NOI: $72,585 Livable Sq. Ft: 3,472
Built in 1962 4 units Lot Sq. Ft: 13,181