620 Alamo Ct - Apartments FOR SALE


Mountain View, CA 94043- North Whisman
$12,500,000 USD
650-492-0934
620 Alamo Ct, Mountain View, CA for Sale
$12,500,000 USD
Apartments - FOR SALE
1/16
null | 5.01% Cap Rate

620 Alamo Ct
Mountain View, CA 94043
North Whisman


HIGHLIGHTS

  • High Cash Flowing Mountain View Opportunity
  • Newly Constructed ADUs
  • Incredible Modern Unit Amenities
  • Desirable Unit Mix
  • Close Proximity to Many of the Nation’s Top Tech Employers

OVERVIEW

Alamo Park Apartments is a stunning 33-unit multifamily investment opportunity located in the thriving city of Mountain View, California. Situated on a large parcel of land totaling 0.96 acres, the property was originally constructed in 1974 and features a gross building area of approximately 20,505 square feet, offering tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, eight brand-new ADUs have recently been constructed, offering six two-bedroom and two one-bedroom units with modern amenities such as in-unit washers and dryers, heating and AC, dishwashers, recessed lighting, and solar panels on the newly constructed duplex roof. The property is just 3.1 miles from the Googleplex (Google Headquarters) and within close proximity to Downtown Mountain View (1.0 mile) and San Antonio Shopping Center (3.0 miles). Downtown Mountain View and Castro Street play a unique role in the community, offering more than 20 retailers, 70 restaurants, the City Civic Center, and the Center for the Performing Arts, providing a myriad of high-end dining, shopping, and entertainment options. The investment appeal of this asset is driven by Mountain View’s strong employment fundamentals and low vacancy levels, and with a world-class location in the heart of Silicon Valley, Alamo Park Apartments presents an attractive opportunity for investors due to its proximity to major employers, transportation corridors, shopping, dining, and entertainment.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$647 USD /SF

# OF UNITS

33

PRICE/UNIT

$378,788

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alamo Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

R3-1

APN/PARCEL ID

160-04-003

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

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