Don Sung - Commercial Real Estate Showcase

Don Sung Property Listings
Colliers International
203 Redwood Shores Pky
Suite 125
Redwood City, CA 94065-1198

2434 Rock Street

Mountain View, CA 94043 - Outer Mountain View/Los Altos MF Submarket

Property Type:Multi-Family Number of Units:16 Status:Existing Year Built:1964
Stories:2 Building Size:16,816 SF Land Area:.9 AC (39,204 SF)
For Sale Price:$9,440,000 Price/Unit:$590,000.00 Cap Rate:3.20 % GRM:-

Parking:1.22 Parking Spaces / 1,000 SF

Sale Notes:
16 Spacious, Townhouse-Style Units - All 2 Bedroom & 3 Bedroom Units. Stable Multifamily Income/Cashflow PLUS Development / Condo Conversion Opportunity for Significant Future Upside. 3.2% Current Cap Rate / 4.5% Pro-Forma Cap Rate PLUS Future Development or Condo-Conversion Potential on Oversized, 0.9 Acre Parcel. Land Value: (For Development) $260/Land Foot / or $10,224,500 for 0.9 Acre Parcel. Current List Price: $240/Land Foot / or $9,440,000 for 0.9 Acre Parcel. R-3 2.2 Zoning. "MUST-HAVE" Parcel in Assemblage. Offers Standalone Development Potential. Condo-Conversion Potential. Capital Upgrades: Dual Pane Windows, New Electric Panel (Each Unit), Water Heater, New Exterior Paint, etc. 2 Upcoming Vacancies: Increasing NOI / CAP Rate (Offering Immediate Repositioning Potential and Opportunity to Move Tenants Within Building)

Colliers International
Don Sung
(650) 486-2228

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