$13,500,000 USD
408-483-5040
1140 Castro St
Mountain View, CA 94040
Cuesta Park
HIGHLIGHTS
- Adjacent to Cuesta Park and Walking Distance to Downtown Mountain View
- Rare Opportunity to Acquire a 61-Unit Multifamily Community in Silicon Valley at a Low Basis
- Substantial Rental Upside – Rents are Projected to be 52% below Market | 12% Pro Forma Cap Rate
- Garden-Style Community with Major Value-Add Potential
- Ample Parking Totaling 118 Spaces (Tuck-Under + Open Spaces)
FOR SALE DETAILS
PRICE
$13,500,000 USD
PRICE/SF
$233 USD /SF
# OF UNITS
61
PRICE/UNIT
$221,311
CAP RATE
3.71%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Miramonte Gardens
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1970
PARKING SPACES
118
LAND DETAILS
LAND ACRES
1.84 AC
LAND SF
80,150 SF
ZONING
R31
APN/PARCEL ID
189-61-021
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
408-483-5040
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
408-483-5040
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
