1107 High School Way
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1107 High School Way
5 Unit Apartment Building $3,499,000 ($699,800/Unit) Mountain View, CA 94041
Investment Highlights
- Complete remodel of all units in 2023
- Excellent AirBnB opportunity
- Walking distance to Castro Street
Executive Summary
Prime investment opportunity! All 5 units have been fully renovated. Walking distance to Castro Street. Perfect for long-term tenants or AirBnb. Current Unit mix -Unit 1 Single Family home 3bed/2bath @ 1,335SF. Unit 2 - 2bed/2bath 655SF Units 3-5 - 1bed/1bath 540SF. All units have in-unit laundry, new HVAC, completely new interiors, new plumbing, new sewer lateral, and more. Contact David Giambruno directly 408-202-4210. One long term tenant in the 2/2 unit, all other units are currently being used for AirBnb.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$278,172
|
$75.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,248
|
$3.57
|
| Effective Gross Income |
$264,924
|
$71.45
|
| Taxes |
$40,625
|
$10.96
|
| Operating Expenses |
$29,734
|
$8.02
|
| Total Expenses |
$70,359
|
$18.97
|
| Net Operating Income |
$194,565
|
$52.47
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $278,172 |
| Annual Per SF | $75.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $13,248 |
| Annual Per SF | $3.57 |
| Effective Gross Income | |
|---|---|
| Annual | $264,924 |
| Annual Per SF | $71.45 |
| Taxes | |
|---|---|
| Annual | $40,625 |
| Annual Per SF | $10.96 |
| Operating Expenses | |
|---|---|
| Annual | $29,734 |
| Annual Per SF | $8.02 |
| Total Expenses | |
|---|---|
| Annual | $70,359 |
| Annual Per SF | $18.97 |
| Net Operating Income | |
|---|---|
| Annual | $194,565 |
| Annual Per SF | $52.47 |
Property Facts
| Price | $3,499,000 | Building Class | C |
| Price Per Unit | $699,800 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,708 SF |
| No. Units | 5 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1961/2023 |
| Apartment Style | Low Rise | Parking Ratio | 0.8/1,000 SF |
| Price | $3,499,000 |
| Price Per Unit | $699,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,708 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2023 |
| Parking Ratio | 0.8/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,450 | 520 - 540 |
| 2+2 | 1 | $3,500 | 655 |
| 3+2 | 1 | $5,000 | 1,335 |
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Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 158-07-006 | Total Assessment | $2,300,000 (2023) |
| Land Assessment | $1,575,000 (2023) | Annual Taxes | $40,625 ($10.96/SF) |
| Improvements Assessment | $725,000 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
158-07-006
Land Assessment
$1,575,000 (2023)
Improvements Assessment
$725,000 (2023)
Total Assessment
$2,300,000 (2023)
Annual Taxes
$40,625 ($10.96/SF)
Tax Year
2024
zoning
| Zoning Code | R1, Mountain View |
| R1, Mountain View |
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1107 High School Way
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