Investment Overview

Pinecrest Apartments is a stunning 47-unit apartment community located at 655-663 Moorpark Way in the thriving city of Mountain View, CA. Situated on a 1.41 acre parcel of land, the subject property was originally constructed in 1959 and features a gross building area of approximately 28,728 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom and studio oor plans. Additionally, the subject property features convenient community amenities such as private covered parking, a barbecue patio courtyard, and an on-site laundry facility. Pinecrest Apartments is located in the city of Mountain View in the South Bay's Santa Clara County. This well-positioned market rests directly below Palo Alto, one of the strongest residential markets in all of California. The city of Mountain View has been credited with many of the new technologies and markets originating in Silicon Valley. While leading the region in innovation and ideas, Mountain View harbors some of the nation’s top tech employers including Google, Microsoft, LinkedIn, Symantec, and Intuit to name a few. In addition to the stunning Googleplex, (Google Headquarters) located only 5 miles away, the subject property is also located within close proximity to Downtown Mountain View (1.5mi) and Cityline Sunnyvale (2.5mi). Downtown Mountain View and Castro Street play a unique role within the community and offer more than 20 retailers and 70 restaurants. The downtown area boasts the City Civic Center and Center of Performing Arts landmark, 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. With a world-class location in the heart of Silicon Valley, Pinecrest Apartments is a highly coveted place to call home for South Bay renters due to its close proximity to major employers, transportation corridors, as well as its extensive dining, shopping, and entertainment options.