255 Mariposa Ave

6 Unit Apartment Building $3,200,000 ($533,333/Unit) 4.92% Cap Rate Mountain View, CA 94041

INVESTMENT HIGHLIGHTS

  • Diverse Unit Mix: Options for different tenant profiles and flexibility for owner-occupancy.
  • Turnkey Opportunity: All units are currently leased at market rent.
  • Live-and-Invest Potential: Occupy the owner's unit while using income from the other five units to offset your mortgage.
  • Exceptional Tenant Appeal: Features include tuck-under parking, private yards for select units, shared laundry, and updated interiors.
  • Silicon Valley Location: Situated in a robust rental market with high demand and strong appreciation potential.

EXECUTIVE SUMMARY

255 Mariposa Avenue is a meticulously maintained multi-family property in Mountain View, CA. This prime Silicon Valley investment offers six units, including a spacious 3-bed/2-bath owners unit with updated interiors, in-unit laundry, central heating/air, a private yard, and a 2-car garage. Two updated 1-bed/1-bath units feature tuck-under parking, storage, and one with central heating/air. Three 2-bed/1-bath units include updated interiors, two designated parking spaces, storage, and central heating/air in two units. A ground-floor 2-bed/1-bath unit with a private yard could also serve as an owners unit.
Tenants benefit from designated parking, shared laundry for five units, and central heating/air in four of the six units. All leased units are at market rent, providing immediate cash flow and long-term upside. Located within walking distance of Downtown Mountain View, this property offers easy access to shops, restaurants, tech employers, freeways, and CalTrain. With the owners unit vacant, this is a prime opportunity for investors or owner-occupants. Contact me for details and to schedule a private viewing.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $3,200,000
Price Per Unit $533,333
Sale Type Investment
Cap Rate 4.92%
Gross Rent Multiplier 14.21
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.24 AC
Building Size 10,324 SF
Average Occupancy 100%
No. Stories 2
Year Built 1961

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Heating
  • Refrigerator
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 2 $2,350 685
2+1 3 $3,035 825
3+2 1 $5,150 1,250
Bike Score®
Biker's Paradise (98)

PROPERTY TAXES

ZONING

Zoning Code R3-2*
  • Listing ID: 34662184

  • Date on Market: 1/30/2025

  • Last Updated:

  • Address: 255 Mariposa Ave, Mountain View, CA 94041