Garden-Style Apartment
New
For Sale
$5,580,000
239 Easy St, Mountain View, CA 94043
Fourteen-unit community with renovated interiors, private balconies, covered parking, and on-site laundry facilities.
Property Size9,971 SF
Price / SF$559.62
Days on Market2
Property Features for 239 Easy St
General Information
Standard status
Active
Size
9,971 SF
Total Parking Spaces
23
Additional Details
Multifamily Units
14
Amenities
covered parking
EV charging stations
on-site laundry facility
private balconies
professionally designed landscaping
Building Details
Year Built
1971
Construction
garden-style
Listing Agency:
Marcus & Millichap
Listed By:
Jimmy Castellanos · License #(S):CA:02024152
(650) 391-1700
Source:
Myfabuloushome
Added: Sep 5
Last Checked: Sep 6 at 10:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This 14-unit apartment property in Mountain View, California, offers a garden-style layout with 9,971 square feet of building area. Constructed in 1971, the property includes units with renovated kitchens and bathrooms, dual-pane windows, and private balconies. Covered parking is equipped with EV charging ports, while each covered space includes dedicated storage. A private laundry facility serves the community.
The grounds feature drought-resistant landscaping arranged around the residential buildings. The property is located in Silicon Valley and includes electric heating and window or wall unit cooling. Its multifamily configuration, updated unit interiors, parking improvements, and on-site amenities support continued residential use.
The grounds feature drought-resistant landscaping arranged around the residential buildings. The property is located in Silicon Valley and includes electric heating and window or wall unit cooling. Its multifamily configuration, updated unit interiors, parking improvements, and on-site amenities support continued residential use.
Key Highlights
- 14‑unit multifamily property with 9,971 square feet of building area
- Renovated kitchens and bathrooms with dual‑pane windows
- Private balconies provided with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$189,529
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,790,580
$3.8M
Cap Rate 7%
$2,707,557
$2.7M
Cap Rate 9%
$2,105,878
$2.1M
Market Conditions
NOI Build-Up for 9,971 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$359.0K $36.00/SF
− Vacancy
−$14.4K −$1.44/SF
EGI
$344.6K $34.56/SF
− OpEx
−$155.1K −$15.55/SF
NOI
$189.5K $19.01/SF
Area
Santa Clara County, CA
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,790,580
Cap Rate 7%
$2,707,557
Cap Rate 9%
$2,105,878
Alternative Uses
Best Use
Apartment 5plus
$2.71M
$2.37M – $3.16M
NOI $189,529 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.02M
$5.27M – $7.02M
NOI $421,375 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 94043, CA
31,414
Population
14,756
Households
2.1
Avg Household Size
36
Median Age
71%
College-Educated
94%
High-School Grad
8.5 sq mi
ZIP Area
3,696
Density / Sq Mi
$180,781
Median Household Income
$113,861
Median Earnings
$2,965
Median Rent
$1,647,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen-unit community with renovated interiors, private balconies, covered parking, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 239 Easy St Mountain View, CA.
What is the asking price?
The asking price for this property is $5,580,000.
What are key features of this property?
This property features: 14‑unit multifamily property with 9,971 square feet of building area; Renovated kitchens and bathrooms with dual‑pane windows; Private balconies provided with each unit
