1047 Rich Ave is a stunning 14-unit apartment community located in the thriving city of Mountain View, CA.
Situated on a 19,402 square foot parcel of land, the subject property was originally constructed in 1958 and features a gross building area of approximately 7,096 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom and studio floor plans. The subject property also offers tenants convenient community amenities such as private covered carports, storage lockers and an on-site laundry facility.
1047 Rich Ave is located in the city of Mountain View in the South Bay's Santa Clara County. This well-positioned market rests directly below Palo Alto, one of the strongest residential markets in all of California. The city of Mountain View has been credited with many of the new technologies and markets originating in Silicon Valley. While leading the region in innovation and ideas, Mountain View harbors some of the nation’s top tech employers including Google, Microsoft, LinkedIn, Symantec, and Intuit.
In addition to the countless tech employers, the subject property is also located within walking distance to Downtown Mountain View (1 mile) and the San Antonio Shopping Center (1.9 miles). Downtown Mountain View and Castro Street play a unique role within the community and offer more than 20 retailers and 70 restaurants. The downtown area boasts the City Civic Center and the Center of Performing Arts landmark, providing a myriad of high-end dining, shopping, and entertainment options.
The investment appeal of this asset is driven by Mountain View’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 1047 Rich Ave is a highly coveted place to call home for South Bay renters due to its close proximity to major employers, transportation corridors, as well as its extensive dining, shopping, and entertainment options.
The investment appeal of this asset is driven by Mountain View’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 1047 Rich Ave is a highly coveted place to call home for South Bay renters due to its close proximity to major employers, transportation corridors, as well as its extensive dining, shopping, and entertainment options.