Multi-Family Apartment
620 Alamo Ct Mountain View, CA 94043
620 Alamo Ct, Mountain View, CA, 94043
$12,500,000
For Sale
$12,500,000
Apartment community on 0.96 acres offering one- and two-bedroom units, plus eight newly built ADUs with modern in-unit amenities.
Property Size20,505 SF
Lot Size0.96 Acres
Price / SF$609.61
Days on Market152
Property Features for 620 Alamo Ct
General Information
- Standard status
- Active
- Size
- 20,505 SF
- Lot size
- 0.96 Acres
Listing agency
Marcus & Millichap
(650) 492-0934
Listed by
Adam S. Levin · License #01462752
(650) 492-0934
Source
Exprealty
Added: Feb 19 Updated: Jul 21 at 2:04AM Checked: Jul 21 at 2:04AM
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 apartment community on a large 0.96-acre parcel was originally constructed in 1974 and includes a gross building area of approximately 20,505 square feet. The property offers one- and two-bedroom floor plans for residents. In addition, eight newly constructed ADUs have been added, including six two-bedroom and two one-bedroom units.
The newer ADUs feature modern in-unit amenities such as washers and dryers, heating and AC, dishwashers, and recessed lighting, with solar panels installed on the newly constructed duplex roof. The property is located about 3.1 miles from the Googleplex, with Downtown Mountain View and the San Antonio Shopping Center in close proximity.
As presented, Alamo Park Apartments consists of a mix of original apartment units and newly built ADUs designed to modernize the housing offering within a Silicon Valley employment and amenity corridor.
The newer ADUs feature modern in-unit amenities such as washers and dryers, heating and AC, dishwashers, and recessed lighting, with solar panels installed on the newly constructed duplex roof. The property is located about 3.1 miles from the Googleplex, with Downtown Mountain View and the San Antonio Shopping Center in close proximity.
As presented, Alamo Park Apartments consists of a mix of original apartment units and newly built ADUs designed to modernize the housing offering within a Silicon Valley employment and amenity corridor.
Key Highlights
- 0.96‑acre apartment community originally constructed in 1974 with approximately 20,505 SF gross building area
- Tenant unit mix includes one- and two‑bedroom floor plans
- Eight newly constructed ADUs: six 2‑bedroom and two 1‑bedroom units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $738.2k | $36.00 |
| − Vacancy | −$29.5k | −$1.44 |
| EGI | $708.7k | $34.56 |
| − OpEx | −$318.9k | −$15.55 |
| NOI | $389.8k | $19.01 |
20,505 SF · lease $36.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.57M
$4.87M – $6.50M
NOI $389,759 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.38M
$10.83M – $14.44M
NOI $866,543 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment community on 0.96 acres offering one- and two-bedroom units, plus eight newly built ADUs with modern in-unit amenities.
Where is this apartment building located?
The property is located at 620 Alamo Ct Mountain View, CA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 0.96‑acre apartment community originally constructed in 1974 with approximately 20,505 SF gross building area; Tenant unit mix includes one- and two‑bedroom floor plans; Eight newly constructed ADUs: six 2‑bedroom and two 1‑bedroom units
