387 Mariposa | Mountain View

387 Mariposa | Mountain View

Available

Mountain View, CA 94041

$2,180,000 Marketing Sheet

Marcus & Millichap is pleased to present the rare opportunity to acquire 387 Mariposa Avenue, a stunning fourplex located in the heart of Mountain View, one of the strongest rental markets in the entire country.

 

The subject property was constructed in 1947 and offers a desirable unit mix consisting of two (2) two-bedroom/one-bathroom units and two (2) studios. The building has a total of 1,506 square feet of living space and is situated on a 5,719 square foot parcel of land. General property upgrades include copper plumbing, new sewer line, central heating & air and new electrical panels for all units, efficient tankless water heaters, new insulation and exterior stucco, exterior fence, gutters, and some soundproofing. All kitchens, bathrooms, flooring, paint, appliances, interior and exteriors doors have been upgraded as well.

 

387 Mariposa Avenue is centrally located in the heart of the Silicon Valley. Mountain View's vibrant downtown is within walking distance and offers a large variety of high end shopping and dining options. Many of the nation's top Tech Employers are located within 10 miles including Google, Microsoft, NASA, Ames Research Center, Facebook, LinkedIn, Apple, Yahoo! amongst many others.

Cap Rate: 5.53% NOI: $120,447 Livable Sq. Ft: 1,506

Built in 1947 4 units Lot Sq. Ft: 5,719

Similar Listings