537 Mariposa Avenue
Mountain View, CA 94041
Sq. Feet 12,935
The subject apartments are located at 517, 523, 529 and 535 Thompson Avenue in highly desirable Mountain View, California. Constructed in 1963, the four seperate cottage-style buildings are constructed on a concrete perimeter foundation, wood frame construction, and a beautifully landscaped premises. Each of the four, four-unit buildings lie on their own seperate tax parcel.
The grounds consist of 48,977 square feet with 12,720 square feet of living space. The investment offers sixteen two-bedroom/one-bath single story cottage style apartment units, an on-site covered parking space for each unit, as well as an on-site laundry facility. Located in the highly desired Monta Loma neighborhood, within a two block radius are coffee shops, restaurants, a brand new Fresh-and-Easy Food Market, and Monta Loma Elementary School.
This impressive property has a true "Pride of Ownership" appeal. The property is located in close proximity to Google Campus, and all other major employment hubs via Highway 101 & 280.
Cap Rate: 3.91% NOI: $156,572 Livable Sq. Ft: 12,720
Built in 1963 16 units Lot Sq. Ft: 48,977