1120 Bonita Ave - Apartments FOR SALE


Mountain View, CA 94040- Cuesta Park
$4,380,000 USD
408-483-5040
1120 Bonita Ave, Mountain View, CA for Sale
$4,380,000 USD
Apartments - FOR SALE
1/13
null | 4.22% Cap Rate

1120 Bonita Ave
Mountain View, CA 94040
Cuesta Park


HIGHLIGHTS

  • Prime Location: Walking distance to Cuesta Park and downtown Mountain View with restaurants, theaters, entertainment, and public transit options.
  • Strong Rental Upside: Average rent of $2,869 with potential for nearly 30% upside.
  • Spacious Floor Plans & Large Lot: Eight single-story two-bedroom, one-bath units with private backyards, washers/dryers, and garages, set on a mass
  • Proximity to Tech: Close to Google, Meta, and Apple, ensuring steady rental demand.
  • Well-Maintained Property: This single-story multifamily community has been meticulously cared for, ensuring long-term stability and minimal mainten

OVERVIEW

Contact jcastellanos@marcusmillichap.com for OM & DD link. 1120 Bonita Avenue is a rare opportunity to acquire a prime multifamily property in the highly desirable Cuesta Park neighborhood of Mountain View, CA. This meticulously maintained, single-story community features eight spacious two-bedroom, one-bathroom units, each offering essential amenities such as washer/dryer hookups, private garages, and sizable private backyards. With a total rentable square footage of 7,236 and situated on a sprawling 20,320-square-foot lot, this property offers both comfort and value in a coveted location. The average monthly rent per unit is $2,869, with a promising rental upside of nearly 25 percent, making this an excellent investment for any discerning buyer.

FOR SALE DETAILS

PRICE

$4,380,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

8

PRICE/UNIT

$547,500

CAP RATE

4.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,321 SF

ZONING

R32

APN/PARCEL ID

193-07-013

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.