Multifamily

139 Brenton Ct

Listing Price: $2,278,000

Cap Rate
3.77%
Number of Units
2
GRM
18.98
Occupancy
97.00%
Price/Unit
$1,139,000
Price/Gross SF
$811.25
Gross SF
2,808

Investment Overview

139 Brenton Court is a beautifully renovated duplex located in the heart of Mountain View, California. The property consists of two large three bedroom, two and one half bathroom town homes. Having more in common to two adjacent single family homes than a traditional duplex, the spacious units average more than 1,400 square feet each, much larger than the vast majority of comparable properties in the marketplace. All utilities are individually metered including water and PG&E; which, for an investor, allows increasing utility costs to be directly passed to the tenants. Two unit properties are also exempt from Mountain View's onerous rent control ordinance. A tremendous opportunity for true investors and owner/users alike, the property is well positioned for substantial appreciation as the tech sector continues to drive the economy even through the current global pandemic.

Mountain View is arguably the technology center of Silicon Valley. It is bordered by Palo Alto and Stanford University to the west, Sunnyvale to the east, Moffett Federal Airfield to the north, and Santa Clara to the south. Many of the largest technology companies have operations near Mountain View including Facebook, Apple, LinkedIn, Amazon, Microsoft, and Yahoo. The recently constructed Levis Stadium in nearby Santa Clara is the home of the San Francisco 49ers. The subject property is located 2.5 miles from Googles headquarters in Mountain View. This campus and the recently completed Apple Spaceship in Cupertino are great examples of how the South Bay market is poised for continued upside in commercial and residential growth. Mountain Views vibrant downtown is also within close proximity, offering many high-end shopping and dining options as well as easy access to public transportation.

The population of Mountain View is a highly educated, affluent group. Average median income exceeds $120,000 annually and almost 70% of the population has a bachelors degree or graduate degree. The subject property feeds into Edith Landels Elementary, Crittenden Middle, and Mountain View High.

Investment Highlights

  • Extensively Renovated, Two Townhome Property in the Heart of Mountain View, CA
  • Large Homes of Three Bedroom Two and One Half Bathrooms Averaging Over 1,400 SF
  • Excellent Opportunity for an Owner/User or an Investor
  • Located Minutes Away from Google World Headquarters
  • Exempt from Mountain View Rent Control
  • 2.5 Miles from Google World Headquarters

Exclusively Listed By

Listing Price: $2,278,000

Cap Rate
3.77%
Number of Units
2
GRM
18.98
Occupancy
97.00%
Price/Unit
$1,139,000
Price/Gross SF
$811.25
Gross SF
2,808

Investment Highlights

  • Extensively Renovated, Two Townhome Property in the Heart of Mountain View, CA
  • Large Homes of Three Bedroom Two and One Half Bathrooms Averaging Over 1,400 SF
  • Excellent Opportunity for an Owner/User or an Investor
  • Located Minutes Away from Google World Headquarters
  • Exempt from Mountain View Rent Control
  • 2.5 Miles from Google World Headquarters

Investment Overview

139 Brenton Court is a beautifully renovated duplex located in the heart of Mountain View, California. The property consists of two large three bedroom, two and one half bathroom town homes. Having more in common to two adjacent single family homes than a traditional duplex, the spacious units average more than 1,400 square feet each, much larger than the vast majority of comparable properties in the marketplace. All utilities are individually metered including water and PG&E; which, for an investor, allows increasing utility costs to be directly passed to the tenants. Two unit properties are also exempt from Mountain View's onerous rent control ordinance. A tremendous opportunity for true investors and owner/users alike, the property is well positioned for substantial appreciation as the tech sector continues to drive the economy even through the current global pandemic.

Mountain View is arguably the technology center of Silicon Valley. It is bordered by Palo Alto and Stanford University to the west, Sunnyvale to the east, Moffett Federal Airfield to the north, and Santa Clara to the south. Many of the largest technology companies have operations near Mountain View including Facebook, Apple, LinkedIn, Amazon, Microsoft, and Yahoo. The recently constructed Levis Stadium in nearby Santa Clara is the home of the San Francisco 49ers. The subject property is located 2.5 miles from Googles headquarters in Mountain View. This campus and the recently completed Apple Spaceship in Cupertino are great examples of how the South Bay market is poised for continued upside in commercial and residential growth. Mountain Views vibrant downtown is also within close proximity, offering many high-end shopping and dining options as well as easy access to public transportation.

The population of Mountain View is a highly educated, affluent group. Average median income exceeds $120,000 annually and almost 70% of the population has a bachelors degree or graduate degree. The subject property feeds into Edith Landels Elementary, Crittenden Middle, and Mountain View High.

Exclusively Listed By

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