610 Walker Dr Mountain View, CA 94043-3674

Property Details for 610 Walker Dr

Year built

1964

Construction

WOOD

Lot size

0.37 lot acres

Property size

5,716 SF

Zone code

R3-1H

Property type

Apartment buildings

APN

160-02-003

APU

16002003

Description

This exceptional 11-unit apartment building in Mountain View, CA presents a compelling investment opportunity. Located at 610 Walker Dr, this two-story, Class B property boasts 5,716 square feet on a 16,200 square foot lot, zoned R3-1H. Built in 1964, the property features a mix of one 1-bedroom/1-bathroom unit and ten junior 1-bedroom/1-bathroom units, easily convertible to full 1-bedrooms, offering significant value-add potential. The property enjoys 100% occupancy, generating a strong NOI of $168,681 and a 4.72% cap rate at an asking price of $3,575,000 ($325,000 per unit and $625.44 per square foot). Recent capital improvements include a resurfaced pool, balcony replacements, new appliances in all units, bathroom and kitchen renovations, new paint and carpet, a new foam roof (2004), and new wall furnaces. The property also includes 16 covered parking spaces and coin-operated laundry. The potential exists to add up to two additional dwelling units through a tuck-under parking conversion, further enhancing rental income. This pride-of-ownership building is situated in a prime Silicon Valley location, offering a strong return on investment and significant upside potential. APN: 160-02-003. Suitable for a 1031 exchange.

Location Insight

City

Mountain View

County

Santa Clara

State

California

Longitude

-122.068

Latitude

37.4029

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments