610 Walker Dr
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610 Walker Dr
11 Unit Apartment Building $3,575,000 ($325,000/Unit) 4.72% Cap Rate Mountain View, CA 94043
Executive Summary
Pride-of-Ownership apartment building in a great location in the heart of Silicon Valley
Unit Mix:
o One 1-Bedroom 1-Bath Apartments
o Ten Junior 1-Bedroom 1-Bath Apartments (easily converted into full 1-beds)
Significant Capital Improvements
o Pool and Pool Surround was Resurfaced / Retiled
o Balcony replacements: 2 end cantilever beams, supporting posts and complete reconstruction of three end balconies + Reconstruction of 7 of 9 balcony railings
o All new appliances, bathtub reglaze, vanity cabinets, lighting
o New paint/carpet at every turnover
o One full permitted renovation (kitchen, vanity, bathroom)
o New foam roof replaced in 2004 and owners completed an overlay spray on the roof in 2024 that provides a 10-year warranty (with
another overlay required in 5 years).”
o Many new wall furnaces
Coin-Operated Laundry provides a nice amenity to tenants, leased units are management-free
Ample parking with 16 covered spaces
Potential to add an up to 2 new ADUs through tuck-under parking conversion for significant increase in rental income
Unit Mix:
o One 1-Bedroom 1-Bath Apartments
o Ten Junior 1-Bedroom 1-Bath Apartments (easily converted into full 1-beds)
Significant Capital Improvements
o Pool and Pool Surround was Resurfaced / Retiled
o Balcony replacements: 2 end cantilever beams, supporting posts and complete reconstruction of three end balconies + Reconstruction of 7 of 9 balcony railings
o All new appliances, bathtub reglaze, vanity cabinets, lighting
o New paint/carpet at every turnover
o One full permitted renovation (kitchen, vanity, bathroom)
o New foam roof replaced in 2004 and owners completed an overlay spray on the roof in 2024 that provides a 10-year warranty (with
another overlay required in 5 years).”
o Many new wall furnaces
Coin-Operated Laundry provides a nice amenity to tenants, leased units are management-free
Ample parking with 16 covered spaces
Potential to add an up to 2 new ADUs through tuck-under parking conversion for significant increase in rental income
Property Facts
| Price | $3,575,000 | Apartment Style | Low Rise |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 4.72% | Building Size | 5,716 SF |
| Gross Rent Multiplier | 13.34 | Average Occupancy | 0% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.8/1,000 SF |
| Price | $3,575,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Gross Rent Multiplier | 13.34 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 5,716 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.8/1,000 SF |
Unit Amenities
- Balcony
- Disposal
- Patio
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,344 | 612 |
| Studios | 10 | $1,983 | 468 |
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Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 160-02-003 | Improvements Assessment | $247,182 |
| Land Assessment | $57,733 | Total Assessment | $304,915 |
PROPERTY TAXES
Parcel Number
160-02-003
Land Assessment
$57,733
Improvements Assessment
$247,182
Total Assessment
$304,915
zoning
| Zoning Code | R31H (Multifamily Residential) |
| R31H (Multifamily Residential) |
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610 Walker Dr
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