Garden-Style Apartment
For Sale
$5,790,000
527 Walker Dr, Mountain View, CA 94043
Seventeen units include one- and two-bedroom layouts, balconies, covered parking, laundry, and resident storage.
Property Size11,618 SF
Lot Size0.39 Acres
Price / SF$498.36
Days on Market48
Property Features for 527 Walker Dr
General Information
Standard status
Active
Size
11,618 SF
Lot size
0.39 Acres
Property subtype
Multifamily
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
17
Amenities
private balconies
covered parking
on-site laundry
resident storage
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
Building Size
11,618 SF
Units
17
Construction
garden-style
Listing Agency:
Marcus & Millichap
Listed By:
Jimmy Castellanos · License #License(s): CA: 02024152
(650) 391-1777
Source:
Marcusmillichap
Added: Aug 21
Changed: Oct 6
Last Checked: Oct 5 at 3:03PM
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.
Built in 1959, this garden-style multifamily property contains 17 units across approximately 11,618 square feet on a 16,800-square-foot lot. The unit mix includes one- and two-bedroom residences, with private balconies, covered parking, on-site laundry, and resident storage. Units feature window/wall air-conditioning units, and the property includes carport improvements.
The property is located at 527 Walker Drive in Mountain View, within walking distance of Google HQ and OpenAI’s new Mountain View campus. Downtown Mountain View, Castro Street, and Caltrain are also nearby, providing access to retail, dining, transportation, and major employment centers.
The property is located at 527 Walker Drive in Mountain View, within walking distance of Google HQ and OpenAI’s new Mountain View campus. Downtown Mountain View, Castro Street, and Caltrain are also nearby, providing access to retail, dining, transportation, and major employment centers.
Key Highlights
- 17‑unit multifamily property with approximately 11,618 square feet of building area
- 1- and 2‑bedroom unit mix
- Situated on a 16,800‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,835
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,416,700
$4.4M
Cap Rate 7%
$3,154,786
$3.2M
Cap Rate 9%
$2,453,722
$2.5M
Market Conditions
NOI Build-Up for 11,618 SF
Gross rent
$418.2K $36.00/SF
− Vacancy
−$16.7K −$1.44/SF
EGI
$401.5K $34.56/SF
− OpEx
−$180.7K −$15.55/SF
NOI
$220.8K $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%
$4,416,700
Cap Rate 7%
$3,154,786
Cap Rate 9%
$2,453,722
Alternative Uses
Best Use
Apartment 5plus
$3.15M
$2.76M – $3.68M
NOI $220,835 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.01M
$6.14M – $8.18M
NOI $490,978 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
17
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Seventeen units include one- and two-bedroom layouts, balconies, covered parking, laundry, and resident storage.
Where is this apartment building located?
The property is located at 527 Walker Dr Mountain View, CA.
What is the asking price?
The asking price for this property is $5,790,000.
What are key features of this property?
This property features: 17‑unit multifamily property with approximately 11,618 square feet of building area; 1- and 2‑bedroom unit mix; Situated on a 16,800‑square‑foot lot
