324 Camille Ln - Apartments FOR SALE


Mountain View, CA 94040- Cuesta Park
$2,889,000 USD
408-483-5040
324 Camille Ln, Mountain View, CA for Sale
$2,889,000 USD
Apartments - FOR SALE
1/13
null | 4.7% Cap Rate

324 Camille Ln
Mountain View, CA 94040
Cuesta Park


HIGHLIGHTS

  • Prime Location: Located in Cuesta Park, Mountain View, close to tech giants like Google, Meta, and Apple.
  • Significant Rental Upside: Seven units with an average rent of $2,311 and nearly 26% potential for rental growth.
  • Top-Rated Schools: Within the highly regarded Mountain View Whisman School District, offering access to excellent schools.
  • High Value Neighborhood: In a region with some of the Bay Area's highest home prices, with homes averaging $2.7M.

OVERVIEW

Jimmy Castellanos is excited to present 324 Camille Court, a rare value-add opportunity in Mountain View, CA. This well-located, seven-unit multifamily community is just moments from Cuesta Park. The property features a diverse unit mix, including one spacious ground-floor three-bedroom/one-bathroom unit, three two-bedroom/one-bathroom units, and three one-bedroom/one-bathroom units. With a total rentable area of 5,504 square feet on an 8,960-square-foot lot, this asset offers both convenience and significant rental income potential. The average monthly rent per unit is $2,311, with a rental upside of over 25%, assuming all units are renovated with in-unit washers and dryers.

FOR SALE DETAILS

PRICE

$2,889,000 USD

PRICE/SF

$525 USD /SF

# OF UNITS

7

PRICE/UNIT

$412,714

CAP RATE

4.7%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,465 SF

ZONING

R31

APN/PARCEL ID

193-04-011

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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