510 Walker | Mountain View, CA
Sq. Feet 13,939
Well maintained and fully occupied, this 20-unit Apartment is located close to UC Berkeley campus in the Elmwood District. This property presents a turnkey opportunity to investors looking to own multifamily rental units in a prime Berkeley location with solid income, minimal expenses, and significant rental upside.
Set between a Pacific ridge and sparkling San Francisco Bay, Berkeley is a spirited Northern California city that has grown from counterculture roots to become a hub of intellectual and cultural diversity, with a thriving arts scene and outsized culinary infl uence. Berkeley spans 10.5 square miles of terrain with a population of around 125,000.
Berkeley is the proud home to the University of California, Berkeley, with over 35,000 students each year, and the top employer for the city. The other top five employers are Lawrence Berkeley National Laboratory, Sutter Health, City of Berkeley and Bayer. Berkeley’s innovation culture nurtures the tech and business start-ups that spring from UC Berkeley on a regular basis.
Cap Rate: 3.35% NOI: $242,761 Livable Sq. Ft: 13,755
Built in 1967 20 units Lot Sq. Ft: 13,000