860 Park Dr
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860 Park Dr
4 Unit Apartment Building $2,286,000 ($571,500/Unit) Mountain View, CA 94040
Investment Highlights
- Property Delivered Completely Vacant
- Newer Roof and Copper Plumbing
- Prime Downtown Mountain View Location
Executive Summary
Located in one of Mountain View’s most sought after locations and deliverable completely vacant, 860 Park Drive is a great investment for an owner occupier or investor alike. The property consists of (1) 2+1 owner’s unit with a private backyard and (3) 1+1 units. The well-maintained property has had many capital improvements over the years including a newer roof, copper plumbing and double pane windows throughout. The units contain washer/dryer hookups, individual water heaters, ample closet space, cieling fans, and functional layouts. A new owner can enhance historical financial performance through a unit renovation program and achieve market-setting rents with new tenants upon acquisition. Tenants benefit from close proximity to McKelvey Park and Eagle Park, Mountain View Center for the Performing Arts, Mountain View Public Library, Caltrain Station, Light Rail Station and the many restaurants and retail conveniences that downtown Mountain View has to offer.
Property Facts
| Price | $2,286,000 | Building Class | C |
| Price Per Unit | $571,500 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,836 SF |
| No. Units | 4 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1954 |
| Apartment Style | Low Rise | Parking Ratio | 0.83/1,000 SF |
| Price | $2,286,000 |
| Price Per Unit | $571,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,836 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.83/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 575 |
| 2+1 | 1 | - | 850 |
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Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 189-01-059 | Improvements Assessment | $301,214 |
| Land Assessment | $642,879 | Total Assessment | $944,093 |
PROPERTY TAXES
Parcel Number
189-01-059
Land Assessment
$642,879
Improvements Assessment
$301,214
Total Assessment
$944,093
zoning
| Zoning Code | R31, Mountain View |
| R31, Mountain View |
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860 Park Dr
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