392 View St
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392 View St
5 Unit Apartment Building $2,800,000 ($560,000/Unit) 3.18% Cap Rate Mountain View, CA 94041
Investment Highlights
- Ideal Downtown Location - 200 Yards from Castro
- Walking Distance to CalTrain
- Short Commute to Tech Giants
Executive Summary
Showing this Friday and Saturday! Friday 10am to 1pm. Saturday 12pm - 2pm. THIS LOCATION IS OPTIMAL, IDEAL, PRIME! Two very short blocks off the best section of the Castro. Very rare opportunity to own 5 units with so much character in this highly desirable neighborhood. Offering Two 2 bedroom units, Two 1 bedroom units, and a studio with a community courtyard. Fresh, new low maintenance and drought tolerant landscaping. Solid tenant history with extremely low vacancy. Walking distance to restaurants, shopping, coffee shops, and Cal Train. Central location with easy access to some of the most prestigious high tech campuses. Disclosure link is https://app.disclosures.io/link/3952-View-St-qy8m4hvg
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$143,052
|
$50.51
|
| Other Income |
$124
|
$0.04
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$143,176
|
$50.56
|
| Taxes |
$36,400
|
$12.85
|
| Operating Expenses |
$13,397
|
$4.73
|
| Total Expenses |
$49,797
|
$17.58
|
| Net Operating Income |
$93,379
|
$32.97
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $143,052 |
| Annual Per SF | $50.51 |
| Other Income | |
|---|---|
| Annual | $124 |
| Annual Per SF | $0.04 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $143,176 |
| Annual Per SF | $50.56 |
| Taxes | |
|---|---|
| Annual | $36,400 |
| Annual Per SF | $12.85 |
| Operating Expenses | |
|---|---|
| Annual | $13,397 |
| Annual Per SF | $4.73 |
| Total Expenses | |
|---|---|
| Annual | $49,797 |
| Annual Per SF | $17.58 |
| Net Operating Income | |
|---|---|
| Annual | $93,379 |
| Annual Per SF | $32.97 |
Property Facts
| Price | $2,800,000 | Property Subtype | Apartment |
| Price Per Unit | $560,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.18% | Lot Size | 0.16 AC |
| Sale Conditions | 1031 Exchange | Building Size | 2,832 SF |
| Gross Rent Multiplier | 19.5 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Price | $2,800,000 |
| Price Per Unit | $560,000 |
| Sale Type | Investment |
| Cap Rate | 3.18% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 19.5 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,832 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
Unit Amenities
- Kitchen
- Oven
- Range
- Tub/Shower
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,006 | 465 - 570 |
| 2+1 | 2 | $2,965 | 592 |
| Studios | 1 | $1,980 | 443 |
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Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 158-23-024 | Total Assessment | $1,576,217 |
| Land Assessment | $613,246 | Annual Taxes | $36,400 ($12.85/SF) |
| Improvements Assessment | $962,971 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
158-23-024
Land Assessment
$613,246
Improvements Assessment
$962,971
Total Assessment
$1,576,217
Annual Taxes
$36,400 ($12.85/SF)
Tax Year
2023
zoning
| Zoning Code | R3-3* |
| R3-3* |
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392 View St
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