Listed by Colliers - San Francisco - Pleasanton, California
$2,260,000
236 Higdon Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,778
Units 4
Cap Rate 5.80%
NOI $130,200
Occupancy 100%
Tenancy Multi
Price per SqFt $814
Year Built 1950
Year Renovated 2023, 2026
Buildings 1
Lot Size (SqFt) 10,227
Zoning R3-2
Parking Spaces 8 spaces
Parking Per SqFt 2.88
Investment Type Stabilized
Multifamily | 5.80% CAP | 4 Units
Marketing description
Introducing an exceptional investment opportunity in Mountain View, CA. This multifamily property offers a meticulously renovated 2,778 SF building with 4 units, ideal for the savvy investor. Built in 1950 and thoughtfully updated in 2023 and 2026 this property boasts a prime location in the desirable Mountain View area. With 100% occupancy at market rents, Zoned R3-2, this property presents a compelling opportunity to capitalize on the robust demand for quality multifamily dwellings in this sought-after location. Don't miss the chance to add this promising asset to your investment portfolio.
Investment highlights
- Prime Silicon Valley location in the heart of Mountain View, one of the most sought-after tech hubs in the country
- Immediate proximity to major employers including Google, Microsoft, LinkedIn, and Intuit
- Easy access to U.S. Route 101, State Route 85, and Interstate 280, providing excellent regional connectivity throughout Silicon Valley and the Peninsula
- Minutes from vibrant downtown Mountain View along Castro Street, featuring a wide range of restaurants, retail, and amenities
- Close proximity to Caltrain (Mountain View Station), offering direct transit to San Francisco and San Jose
- Strong surrounding demographics with high household incomes and a highly educated workforce base
- Nearby outdoor amenities including Shoreline Park, offering trails, open space, and recreational activities
- Located within a well-established residential and commercial neighborhood with a strong tenant and buyer demand profile
- Access to top-rated schools and community infrastructure, enhancing long-term desirability
Listing Contacts
Listed by Colliers - San Francisco - Pleasanton, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,200.00
$10,850.00/mo
Valuation Metrics
0
DSCR
5.76%
Cap Rate
5.76%
ROI
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