1838 Higdon AveMountain View, CA 94041

This exceptional Mountain View investment opportunity presents a four-unit apartment building ideally situated on a 13,138 sq ft lot at 1838 Higdon Ave, 94041. Boasting 3,472 sq ft of net rentable space, the property features four two-story units, each with two bedrooms, one bathroom, one covered and one open parking space. Currently operating at 100% occupancy, the property offers a strong NOI of $94,985 and a 3.06% cap rate, with an asking price of $3,100,000 ($775,000 per unit). Significant value-add potential exists due to below-market rents. Recent capital improvements include a 400-amp electrical upgrade, complete plumbing and sewer line replacement, installation of tankless water heaters, improved insulation, and extensive kitchen and bath remodels in three units—all permitted work. A coin-operated laundry offers additional income potential. The property's R3-2 zoning and proximity to major tech employers like Google, LinkedIn, Microsoft, and Amazon, along with convenient access to Highways 82, 85, 237, and 101, and downtown Mountain View, make this a truly compelling investment. This property is ideally suited for a 1031 exchange. The APN is 154-02-019.