537 Mariposa Avenue
Mountain View, CA 94041
Sq. Feet 12,935
550 Mariposa Avenue is a two-story apartment building totaling approximately 4,735 square feet of living space situated on a 13,268-square foot lot.
The unit mix consists of one two-bedroom/one bathroom house in the front and seven one-bedroom/one bathroom apartments in the rear. The rear building is constructed of wood framing, stucco exterior and lies on a concrete perimeter foundation. The pitched composition shingle roof is in exceptional shape. For the tenant's convenience there are seven off-street parking spaces, all of which are covered. The house in front would make a great owner-occupied unit or could be used for additional rental income. It is constructed of wood framing with stucco exterior and has a Santa Fe style clay-tile roof.
This incredibly well-maintained property will give the new owner an excellent turnkey investment opportunity with excellent upside potential. The property is located in close proximity to the Google campus, and all other major employment hubs via Highway 101 and 280.
Cap Rate: 2.66% NOI: $45,989 Livable Sq. Ft: 4,735
Built in 1964 7 units Lot Sq. Ft: 13,268