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868-880 Washington St
5 Unit Apartment Building $4,100,000 ($820,000/Unit) Mountain View, CA 94043
Investment Highlights
- Located in close proximity to Downtown Mountain View.
Executive Summary
Value in the land, but does provide rental income. More details coming soon.
Two (2) R2 parcels in walking distance to Mountain View Downtown. 7,000 sf & 7,461 sf.
This area is close to transportation and has potential for zoning change.
Currently rented: Out of 4 cottages on 880 Washington St. Three rented. House on 868 rented as well.
There is an opportunity to redevelop the land to feature two duplexes or four town-houses or four row-houses.
Easy to get through the City two duplexes, but TH and RH would require extra work with the City.
Survey here: https://www.dropbox.com/s/tkktjjl7k8o4hur/Washington-Survey-Zoom-with-Notes-03-RK-Notes-2022.pdf?dl=0
Rendering of some possibly viable options here:
Town houses: https://www.dropbox.com/sh/qfryx7tg0xvxokw/AAC_XLkVJwDMpU52TB9S8Jfra?dl=0
Row houses: https://www.dropbox.com/sh/80unmxkb3aq4uy8/AAA30TSM3kG7KwFScUZmRMQTa?dl=0
Two (2) R2 parcels in walking distance to Mountain View Downtown. 7,000 sf & 7,461 sf.
This area is close to transportation and has potential for zoning change.
Currently rented: Out of 4 cottages on 880 Washington St. Three rented. House on 868 rented as well.
There is an opportunity to redevelop the land to feature two duplexes or four town-houses or four row-houses.
Easy to get through the City two duplexes, but TH and RH would require extra work with the City.
Survey here: https://www.dropbox.com/s/tkktjjl7k8o4hur/Washington-Survey-Zoom-with-Notes-03-RK-Notes-2022.pdf?dl=0
Rendering of some possibly viable options here:
Town houses: https://www.dropbox.com/sh/qfryx7tg0xvxokw/AAC_XLkVJwDMpU52TB9S8Jfra?dl=0
Row houses: https://www.dropbox.com/sh/80unmxkb3aq4uy8/AAA30TSM3kG7KwFScUZmRMQTa?dl=0
Property Facts
| Price | $4,100,000 | Apartment Style | Single Family Home |
| Price Per Unit | $820,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Sale Conditions | 1031 Exchange | Building Size | 3,960 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.25/1,000 SF |
| Price | $4,100,000 |
| Price Per Unit | $820,000 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 3,960 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 0.25/1,000 SF |
Unit Amenities
- Basement
1 of 1
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 153-28-066 | Improvements Assessment | $25,030 |
| Land Assessment | $203,290 | Total Assessment | $228,320 |
PROPERTY TAXES
Parcel Number
153-28-066
Land Assessment
$203,290
Improvements Assessment
$25,030
Total Assessment
$228,320
zoning
| Zoning Code | R2 (Two parcels zoned R2.) |
| R2 (Two parcels zoned R2.) |
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Presented by
Roman & Valentina Kagarlitsky
868-880 Washington St
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