255 Mariposa Ave - Apartments FOR SALE


Mountain View, CA 94041
$3,200,000 USD
650-771-2579
255 Mariposa Ave, Mountain View, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/73
null | 4.92% Cap Rate

255 Mariposa Ave
Mountain View, CA 94041


HIGHLIGHTS

  • Diverse Unit Mix: Options for different tenant profiles and flexibility for owner-occupancy.
  • Exceptional Tenant Appeal: Features include tuck-under parking, private yards for select units, shared laundry, and updated interiors.
  • Turnkey Opportunity: All units are currently leased at market rent.
  • Silicon Valley Location: Situated in a robust rental market with high demand and strong appreciation potential.
  • Live-and-Invest Potential: Occupy the owner's unit while using income from the other five units to offset your mortgage.

OVERVIEW

255 Mariposa Avenue is a meticulously maintained multi-family property in Mountain View, CA. This prime Silicon Valley investment offers six units, including a spacious 3-bed/2-bath owners unit with updated interiors, in-unit laundry, central heating/air, a private yard, and a 2-car garage. Two updated 1-bed/1-bath units feature tuck-under parking, storage, and one with central heating/air. Three 2-bed/1-bath units include updated interiors, two designated parking spaces, storage, and central heating/air in two units. A ground-floor 2-bed/1-bath unit with a private yard could also serve as an owners unit. Tenants benefit from designated parking, shared laundry for five units, and central heating/air in four of the six units. All leased units are at market rent, providing immediate cash flow and long-term upside. Located within walking distance of Downtown Mountain View, this property offers easy access to shops, restaurants, tech employers, freeways, and CalTrain. With the owners unit vacant, this is a prime opportunity for investors or owner-occupants. Contact me for details and to schedule a private viewing.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

6

PRICE/UNIT

$533,333

CAP RATE

4.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,250 SF

ZONING

R3-2*

APN/PARCEL ID

154-10-067

ASK ABOUT THIS PROPERTY

Alicia NardiniNuTerra Real Estate GroupMore Info
650-771-2579

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Alicia NardiniNuTerra Real Estate GroupMore Info
650-771-2579

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.