465 Chiquita Ave Mountain View, CA 94041

Property Details for 465 Chiquita Ave

Year built

1964

Property size

4,846 SF

Property type

Commercial real estate

Description

This exceptional multifamily investment opportunity is located at 465 Chiquita Avenue, Mountain View, CA 94041, in the heart of Silicon Valley. The property, a Class B apartment building constructed in 1964, offers 4,846 square feet on a 10,454 square foot lot. The asking price is $3,500,000, with a current Net Operating Income (NOI) of $85,417 and a 2.44% cap rate. The building comprises four spacious units: one two-bedroom/two-bathroom unit, two two-bedroom/one-bathroom units, and one three-bedroom/two-bathroom unit. Each of the four units includes access to one of the eight total parking spaces, with four units featuring enclosed garages complete with private washers and dryers. Recent upgrades include a new roof (2021), Milgard double-pane windows, and fresh exterior paint. The property is situated in a prestigious school district and benefits from its proximity to major tech employers such as Google, Apple, Microsoft, and Amazon. The existing parking configuration presents a potential opportunity to add an Accessory Dwelling Unit (ADU), further increasing the property's income potential in a market with limited rental supply. This property represents a strong investment opportunity for both owner-occupiers and investors seeking steady rental income and long-term growth in a highly desirable location.