365 Chiquita Ave - Apartments FOR SALE


Mountain View, CA 94041- Shoreline West
$4,225,000 USD
626-483-5136
365 Chiquita Ave, Mountain View, CA for Sale
$4,225,000 USD
Apartments - FOR SALE
1/21
null | 5.49% Cap Rate

365 Chiquita Ave
Mountain View, CA 94041
Shoreline West


HIGHLIGHTS

  • Significant rental upside.
  • Comprised of twelve (12) 2BD/1BA units and one (1) 1BD/1BA unit — a highly desirable layout.
  • Value-add potential with the opportunity to add additional dwelling units (ADUs). Buyer to conduct feasibility study.
  • On-site laundry room with two sets of washer/dryer.

OVERVIEW

365 Chiquita Avenue presents a rare opportunity to acquire a centrally located 13-unit apartment community in the highly desirable city of Mountain View, California. Situated in a quiet residential neighborhood, Chiquita Apartments offers residents exceptional access to the vibrant amenities and economic drivers of Silicon Valley. The property is within walking distance of historic Downtown Mountain View along Castro Street — a premier mixed-use destination that allows residents to live, work, and socialize in a dynamic and walkable environment. Downtown Castro Street, located between Evelyn Avenue and El Camino Real, features more than 20 retailers and over 70 restaurants, creating one of the Peninsula’s most active and desirable urban corridors. The area is further enhanced by the Transit Center and Civic Center, which support a diverse business community and strong connectivity throughout the Bay Area. Constructed in 1962, the property sits on a 17,910 square foot lot and consists of twelve (12) two-bedroom/one-bathroom units and one (1) one-bedroom/one-bathroom unit. The unit mix caters to the strong demand for well-located rental housing in Mountain View. Units are individually metered for electricity and gas and master-metered for water, providing operational efficiency. Additional amenities include onsite laundry facilities and covered parking for residents. Mountain View is strategically located in the heart of Santa Clara County and Silicon Valley, one of the strongest economic regions in the world. The city is home to, or in close proximity to, many of the nation’s largest and most influential technology companies, including Google, Meta (Facebook), Apple, LinkedIn, Yahoo!, and HP, along with thousands of technology startups. Silicon Valley attracts nearly one-third of all venture capital investment in the United States, reinforcing the region’s long-term economic vitality. With its prime location, strong employment base, desirable unit mix, and walkable access to Downtown amenities, 365 Chiquita Avenue represents an exceptional investment opportunity in one of the most supply-constrained and high-demand rental markets in the country.

FOR SALE DETAILS

PRICE

$4,225,000 USD

PRICE/SF

$446 USD /SF

# OF UNITS

13

PRICE/UNIT

$325,000

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

R3-2

APN/PARCEL ID

154-10-026

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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Ray RodriguezCompass CommercialMore Info
626-483-5136

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