Investment Overview

Marcus & Millichap is pleased to present 527 Walker Drive, a 17-unit multifamily investment opportunity in Mountain View, California. The property comprises approximately 11,618 square feet of building area on a 16,800-square-foot lot, providing meaningful scale within the Mountain View multifamily market. The location benefits from proximity to Downtown Mountain View, Castro Street and Caltrain, delivering residents convenient access to shopping, dining, entertainment and regional transportation. The property offers significant rental upside as units turn and rents adjust toward prevailing market levels in accordance with local regulations. The surrounding neighborhood is further supported by highly rated schools, including an 8/10 elementary school, 9/10 middle school, and 10/10 high school, creating a desirable family-oriented residential environment that attracts stable, long-term tenants. This income-growth potential, combined with strong neighborhood amenities and access to quality education, provides a compelling opportunity to enhance yields through normal tenant turnover and future lease adjustments. Mountain View's concentrated technology employment base and constrained housing inventory support strong rental fundamentals and consistent appreciation. OpenAI's recent 450,000-square-foot office campus lease nearby reinforces the city's position as a premier artificial intelligence and technology hub, sustaining workforce growth and rental demand. Combined with meaningful rental upside and long-term employment-driven appreciation, 527 Walker Drive is well-positioned to deliver attractive risk-adjusted returns for value-add investors.