1920 Latham St - Apartments FOR SALE


Mountain View, CA 94040- Outer Mountain View/Los Altos
$8,800,000 USD
626-483-5136
1920 Latham St, Mountain View, CA for Sale
$8,800,000 USD
Apartments - FOR SALE
1/41
null | 5.01% Cap Rate

1920 Latham St
Mountain View, CA 94040
Outer Mountain View/Los Altos


HIGHLIGHTS

  • Comprised of 23 units (1) 2BD/1.5BA TH (14) 2 BD/1BA and (8) 1 BD/1BA a highly desirable layout unit mix.
  • Expansive floorplans.
  • Minutes from major tech campuses like Google, Meta, and LinkedIn, ensuring strong renter demand in this high-growth corridor.
  • Copper piping throughout the entire property, minimizing future capital expense.
  • 33 parking spaces, communal pool, on-site laundry room, and private balconies or patios for every unit.

OVERVIEW

Built in 1961 on a 0.64-acre parcel just minutes from downtown and the office campuses that anchor the western Peninsula’s tech economy, the property is a two-story, garden-style building with roughly 22,222 gross square feet, carport parking beneath the upper units, and an on-site swimming pool — a genuine amenity advantage for a building of this vintage. The asset has traded very little over the decades, and rents carry real room to grow — the core of the opportunity for a buyer. Residents have easy access to US-101, CA-85, and CA-237, along with Caltrain and VTA light rail, and sit minutes from Google, Meta, LinkedIn, Intuit, ServiceNow, Lockheed Martin, Waymo, ByteDance, Stanford University, and El Camino Hospital — squarely in Silicon Valley’s employment core. The surrounding neighborhood mixes parks (Rengstorff Park, Whisman Park, Hillview Park, the Stevens Creek Trail), shopping and dining (including the Village at San Antonio Center), and community draws like the Mountain View Center for the Arts. The immediate trade area skews highly educated and high-income, with average household income above $140,000 within a one-mile radius. The property falls within the Mountain View Whisman School District, and natural hazard disclosures do not identify it as sitting within a mapped flood, wildfire, or earthquake fault zone. Average unit size across the 23 units runs about 966 square feet — a mix of one-bedroom/one-bath homes (roughly 775–781 SF, 8 units), two-bedroom/one-bath homes (roughly 1,045–1,094 SF, 14 units), and a single 2BD/1.5BA townhome-style unit (1,208 SF) — noticeably larger than typical new-construction studios and one-bedrooms in the area, which appeals to renters who want real living space rather than a micro-unit. Upper-level units are served by exterior stairways, walkways, and elevated decks/balconies, and one ground-floor unit has historically been used as an on-site manager’s unit. Water is master-metered and paid by ownership, while gas and electric are individually metered and paid by residents — a relatively efficient expense structure for a property of this age. Rents carry great upside, and it’s already in motion with two units scheduled to turn over in the end of September. That upside can be captured opportunistically as units turn over, without a large renovation budget.

FOR SALE DETAILS

PRICE

$8,800,000 USD

PRICE/SF

$396 USD /SF

# OF UNITS

23

PRICE/UNIT

$382,609

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Latham Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,770 SF

ZONING

R3-1*

APN/PARCEL ID

154-21-016

ASK ABOUT THIS PROPERTY

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626-483-5136

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626-483-5136

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