511 Walker Dr - Apartments FOR SALE


Mountain View, CA 94043- North Whisman
$3,995,000 USD
408-483-5040
511 Walker Dr, Mountain View, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/31
null | 5.16% Cap Rate

511 Walker Dr
Mountain View, CA 94043
North Whisman


HIGHLIGHTS

  • Prime Silicon Valley location within walking distance of Google HQ and OpenAI’s newly leased campus
  • Recent capital improvements and ongoing maintenance program since the seller’s original acquisition
  • Long-term appreciation potential – tech sector growth and limited housing supply support continued property and rent growth
  • Fantastic connectivity with easy access to Hwy 85, Hwy 101, Hwy 237, and Castro Caltrain Station
  • Professionally managed by BT Properties
  • Fourteen-unit apartment community on a large 18,900-square-foot parcel.

OVERVIEW

511 Walker Drive presents a multifamily investment opportunity in Mountain View, one of Silicon Valley's most established and supply-constrained rental markets. The 14-unit apartment community encompasses approximately 6,048 square feet of building area on an expansive 18,900-square-foot parcel, offering a substantial land component in a highly sought-after location. The property features a courtyard-style setting enhanced by mature landscaping, creating a private residential environment that appeals to a broad range of renters seeking housing near major employment centers. The community consists entirely of studio residences, providing efficient and functional living accommodations in a market characterized by strong demand from technology professionals and workforce housing renters. Each unit includes dual-pane windows and a private patio or deck, while residents benefit from on-site laundry facilities, fourteen private storage cabinets, and abundant parking. The property's parking ratio is supported by nine reserved surface spaces, twelve covered carports, and one ADA-accessible parking space, providing a level of convenience uncommon for similar assets in the area. Located near Downtown Mountain View, Castro Street, and Caltrain service, the property offers convenient access to dining, shopping, entertainment, and regional transportation options. Major technology employers throughout Mountain View and neighboring communities contribute to sustained housing demand, while nearby access to U.S. Highway 101 and State Route 85 enhances regional connectivity. The property's proximity to Google and OpenAI's recently leased Mountain View campus further strengthens its position within one of the Bay Area's leading technology corridors. Combining a sizeable land parcel, resident amenities, and a location near significant employment centers, 511 Walker Drive presents an attractive opportunity for investors seeking long-term ownership in Silicon Valley.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$661 USD /SF

# OF UNITS

14

PRICE/UNIT

$285,357

CAP RATE

5.16%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

R31, Mountain View

APN/PARCEL ID

160-04-014

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 Notice.