537 Mariposa Avenue
Mountain View, CA 94041
Sq. Feet 12,935
Marcus and Millichap is pleased to bring 726 Mariposa Avenue to the Silicon Valleys Investment Community. This fantastic four unit apartment building resides in the highly desirable sub-market of Mountain View, California.
The subject property was constructed in 1955 and offers approximately 5,238 square feet of livable space and is situated on a massive 17,859 square foot lot. The four units consist of four large three-bedroom/two-bath units. This rare mix appeals to all types of renters from Silicon Valley Tech Workers to small families. Residents of 726 Mariposa Avenue benefit from enclosed personal garage parking as well as onsite parking.
The dynamic city of Mountain view is home to some of the largest and most successful technology companies in the world. Google is the largest employer in the city, with 11,300 local employees. Symantec has 3,400 employees in Mountain View, LinkedIn has a workforce of 3,000 people, Intuit employs 1,700 people, and about 1,700 people work at Microsoft in the city. The healthcare sector is also important to Mountain View’s economy; El Camino Hospital has 2,600 local employees and Palo Alto Medical Foundation has a staff of more than 1,000 people. All of these companies are located in close proximity to the Subject Property.
Cap Rate: 2.64% NOI: $87,203 Livable Sq. Ft: 5,236
Built in 1955 4 units Lot Sq. Ft: 20,081