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Multifamily

207 Evandale Ave

207 Evandale Ave, Mountain View, CA 94043

Listing Price: $2,800,000

Cap Rate
3.65%
Number of Units
6
Price/Unit
$466,667

Investment Overview

207 Evandale Avenue is an outstanding multifamily property located in the North Whisman neighborhood of Mountain View, California. The property is conveniently located near Highways 85 & 101 providing immediate access to the entire Bay Area. The subject property, constructed in 1968, is situated on a large 18,800 square foot lot (per county assessor) and offers a net rentable square footage of 4,776 square feet of living space (per county assessor). 207 Evandale consists of six units, currently made up of six (6) two-bedroom/one-bathroom floor plans which are all single-story units. Additionally, the site provides a significant amount of parking with seven (7) covered spaces & twelve (12) uncovered spaces with the assumption that residents’ double park. There is also strong evidence given the ample parking and large lot size for an ADU conversion of the carport, which could provide additional income to an investor. The property is conveniently located adjacent to Devonshire Park, and for those who love to hike, paved Hetch-Hetchy Trail at Whisman Road. This trail connects to Stevens Creek Trail, which provides direct access to both downtown Mountain View and the bay. Most notably, the property is within a mile of the 40-acre Google Middlefield Park proposed development project, which is slated for 1,675 to 1,900 housing units, 1.32 million square feet of office space, up to 30-thousand square feet of ground-floor commercial (retail, restaurants, and services), and 10.15-arces of public parks and open space. Mountain View is a city in Santa Clara County, California, United States. Named for its views of the Santa Cruz Mountains, it has a population of 82,376. Mountain View was integral to the early history and growth of Silicon Valley and is the location of many high technology companies. Many of the largest technology companies have operations in and around Mountain View including Google, Apple, Facebook, and Microsoft. Mountain View’s historic and active downtown offers vibrant restaurants, shopping scenes, cultural events, concerts, a weekly farmer’s market, one of the finest performing arts facilities in Northern California, and a 60,000 square foot state-of-the-art Library. Mountain View also offers an extensive trail system, City parks, including Shoreline-at-Mountain View with a golf course, sailing lake and miles of trails. 207 Evandale offers investors the opportunity to invest in a multifamily asset in one of the Bay Area’s most affluent cities, Mountain View, CA. This city provides significant employment from some of the largest companies in the world, which drives high quality tenants and low vacancy levels. Additionally, renters have easy access to major thoroughfares connecting them to all of what the Bay Area has to offer which includes numerous shopping, dining, entertainment, and strong employment options.

Investment Highlights

  • Roughly 19,000 SF Lot With Six Single-Story Units
  • Convenient Access to Highway 85 & 101
  • Significant Upside in Rents With Strong Unit Mix of All Two Bedrooms
  • Ample Parking With Seven Covered and Potential for 12 Uncovered Spots on the Property
  • Located One Mile From Google Middlefield Park

Exclusively Listed By

Multifamily

207 Evandale Ave

Listing Price: $2,800,000

Cap Rate
3.65%
Number of Units
6
Price/Unit
$466,667

Investment Highlights

  • Roughly 19,000 SF Lot With Six Single-Story Units
  • Convenient Access to Highway 85 & 101
  • Significant Upside in Rents With Strong Unit Mix of All Two Bedrooms
  • Ample Parking With Seven Covered and Potential for 12 Uncovered Spots on the Property
  • Located One Mile From Google Middlefield Park

Investment Overview

207 Evandale Avenue is an outstanding multifamily property located in the North Whisman neighborhood of Mountain View, California. The property is conveniently located near Highways 85 & 101 providing immediate access to the entire Bay Area. The subject property, constructed in 1968, is situated on a large 18,800 square foot lot (per county assessor) and offers a net rentable square footage of 4,776 square feet of living space (per county assessor). 207 Evandale consists of six units, currently made up of six (6) two-bedroom/one-bathroom floor plans which are all single-story units. Additionally, the site provides a significant amount of parking with seven (7) covered spaces & twelve (12) uncovered spaces with the assumption that residents’ double park. There is also strong evidence given the ample parking and large lot size for an ADU conversion of the carport, which could provide additional income to an investor. The property is conveniently located adjacent to Devonshire Park, and for those who love to hike, paved Hetch-Hetchy Trail at Whisman Road. This trail connects to Stevens Creek Trail, which provides direct access to both downtown Mountain View and the bay. Most notably, the property is within a mile of the 40-acre Google Middlefield Park proposed development project, which is slated for 1,675 to 1,900 housing units, 1.32 million square feet of office space, up to 30-thousand square feet of ground-floor commercial (retail, restaurants, and services), and 10.15-arces of public parks and open space. Mountain View is a city in Santa Clara County, California, United States. Named for its views of the Santa Cruz Mountains, it has a population of 82,376. Mountain View was integral to the early history and growth of Silicon Valley and is the location of many high technology companies. Many of the largest technology companies have operations in and around Mountain View including Google, Apple, Facebook, and Microsoft. Mountain View’s historic and active downtown offers vibrant restaurants, shopping scenes, cultural events, concerts, a weekly farmer’s market, one of the finest performing arts facilities in Northern California, and a 60,000 square foot state-of-the-art Library. Mountain View also offers an extensive trail system, City parks, including Shoreline-at-Mountain View with a golf course, sailing lake and miles of trails. 207 Evandale offers investors the opportunity to invest in a multifamily asset in one of the Bay Area’s most affluent cities, Mountain View, CA. This city provides significant employment from some of the largest companies in the world, which drives high quality tenants and low vacancy levels. Additionally, renters have easy access to major thoroughfares connecting them to all of what the Bay Area has to offer which includes numerous shopping, dining, entertainment, and strong employment options.

Exclusively Listed By

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