14-Unit Studio Apartment
For Sale
$3,995,000
511 Walker Dr, Mountain View, CA 94043
Courtyard-style multifamily property with private outdoor spaces, on-site laundry, and storage for residents.
Property Size6,048 SF
Lot Size0.43 Acres
Price / SF$660.55
Days on Market48
Property Features for 511 Walker Dr
General Information
Standard status
Active
Size
6,048 SF
Total Parking Spaces
22
Lot size
0.43 Acres
Property subtype
Multifamily
Occupancy
93%
Units
Unit Mix
14 x studio
Multifamily Units
14
Amenities
on-site laundry
private storage cabinets
private patio/deck
dual-pane windows
courtyard-style setting
mature landscaping
Prime Silicon Valley location within walking distance of Google HQ and Open AI's newly leased campus
Recent capital improvements and ongoing maintenance program since the seller's original acquisition
Exceptional schools – 8/10 elementary, 9/10 middle, and 10/10 high school ratings attract stable, family-oriented tenants
Long-term appreciation potential – tech sector growth and limited housing supply support continued property and rent growth
Fantastic connectivity with easy access to Hwy 101, Hwy 237, and Castro Caltrain Station
Professionally managed by BT Properties
Building Details
Units
14
Construction
courtyard-style
Listing Agency:
Marcus & Millichap
Listed By:
Jimmy Castellanos · License #License(s): CA: 02024152
(650) 391-1777
Source:
Marcusmillichap
Added: Aug 21
Changed: Sep 3
Last Checked: Oct 5 at 3:09PM
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.
Located at 511 Walker Drive in Mountain View, this 14-unit multifamily property contains approximately 6,048 square feet on an 18,900-square-foot lot. Built in 1960, the courtyard-oriented layout is surrounded by mature landscaping and provides a defined residential setting.
All units are studios, with dual-pane windows and a private patio or deck. Resident amenities include an on-site laundry facility and fourteen private storage cabinets. The property is within walking distance of Google headquarters and OpenAI’s new Mountain View campus, providing a location near major technology employers.
All units are studios, with dual-pane windows and a private patio or deck. Resident amenities include an on-site laundry facility and fourteen private storage cabinets. The property is within walking distance of Google headquarters and OpenAI’s new Mountain View campus, providing a location near major technology employers.
Key Highlights
- 14‑unit multifamily property with an all‑studio unit mix
- Approximately 6,048 square feet on an 18,900‑square‑foot lot
- Courtyard layout with mature landscaping
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,960
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,299,200
$2.3M
Cap Rate 7%
$1,642,286
$1.6M
Cap Rate 9%
$1,277,333
$1.3M
Market Conditions
NOI Build-Up for 6,048 SF
Gross rent
$217.7K $36.00/SF
− Vacancy
−$8.7K −$1.44/SF
EGI
$209.0K $34.56/SF
− OpEx
−$94.1K −$15.55/SF
NOI
$115.0K $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 Rate 5%
$2,299,200
Cap Rate 7%
$1,642,286
Cap Rate 9%
$1,277,333
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.44M – $1.92M
NOI $114,960 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.65M
$3.19M – $4.26M
NOI $255,589 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
818
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Courtyard-style multifamily property with private outdoor spaces, on-site laundry, and storage for residents.
Where is this apartment building located?
The property is located at 511 Walker Dr Mountain View, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 14‑unit multifamily property with an all‑studio unit mix; Approximately 6,048 square feet on an 18,900‑square‑foot lot; Courtyard layout with mature landscaping
