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Multifamily

440 N Rengstorff Ave

440 N Rengstorff Ave, Mountain View, CA 94043

Listing Price: $9,280,000

Cap Rate
2.39%
Number of Units
16
Price/Unit
$580,000
Price/Gross SF
$729.56
Gross SF
12,720

Investment Overview

440 N Rengstorff Ave is a low density 16-unit apartment community located in the heart of Mountain View, CA.  440 N Rengstorff Ave is situated on two contiguous parcels totaling 43,200 square feet (.99 acre) and has a gross building area of 12,720 square feet, averaging approximately 795 square feet per unit. Each parcel is 21,600 square feet. There are four (4) four-unit buildings and two community laundry rooms. The subject property has all two-bedroom/one-bath single story cottage units with large fenced backyards, and each unit bene??ts from two assigned parking spaces. The subject property is also within walking distance to Google's Headquarters located 1 mile away. In addition, the subject property is located in the highly rated Los Altos School District feeding into schools such as Monta Loma Elementary (842 API), Crittenden Middle (805 API), and Los Altos High (895 API). 440 N Rengstorff Ave allows potential investor to operate the property as apartments for cash??ow while simultaneously taking the property though the entitlement process to get approval for high density single family homes, townhomes or condominiums, potentially creating millions of dollars of value. More information on zoning can be found on the following pages titled Mountain View R3 Zoning District Standards. The investment appeal of this asset is driven by Silicon Valley's strong employment fundamentals and premium location. With a world-class location in the heart of Silicon Valley, 440 N Rengstorff Ave presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Tremendous Investment Opportunity in Mountain View, CA
  • Two Parcels Totaling .99 Acre with R3-2.5 Zoning
  • All Units are Spacious Two-Bedroom Villas with Large Private Backyards
  • Redevelopment Potential for Townhomes to Maximize Allowable Building Density
  • Opportunity to Generate Cash Flow While Repositioning the Existing 16-Unit Apartment Community
  • Walking Distance to Google's Headquarters (1mi)
  • Highly Rated Los Altos School District

Exclusively Listed By

Listing Price: $9,280,000

Cap Rate
2.39%
Number of Units
16
Price/Unit
$580,000
Price/Gross SF
$729.56
Gross SF
12,720

Investment Highlights

  • Tremendous Investment Opportunity in Mountain View, CA
  • Two Parcels Totaling .99 Acre with R3-2.5 Zoning
  • All Units are Spacious Two-Bedroom Villas with Large Private Backyards
  • Redevelopment Potential for Townhomes to Maximize Allowable Building Density
  • Opportunity to Generate Cash Flow While Repositioning the Existing 16-Unit Apartment Community
  • Walking Distance to Google's Headquarters (1mi)
  • Highly Rated Los Altos School District

Investment Overview

440 N Rengstorff Ave is a low density 16-unit apartment community located in the heart of Mountain View, CA.  440 N Rengstorff Ave is situated on two contiguous parcels totaling 43,200 square feet (.99 acre) and has a gross building area of 12,720 square feet, averaging approximately 795 square feet per unit. Each parcel is 21,600 square feet. There are four (4) four-unit buildings and two community laundry rooms. The subject property has all two-bedroom/one-bath single story cottage units with large fenced backyards, and each unit bene??ts from two assigned parking spaces. The subject property is also within walking distance to Google's Headquarters located 1 mile away. In addition, the subject property is located in the highly rated Los Altos School District feeding into schools such as Monta Loma Elementary (842 API), Crittenden Middle (805 API), and Los Altos High (895 API). 440 N Rengstorff Ave allows potential investor to operate the property as apartments for cash??ow while simultaneously taking the property though the entitlement process to get approval for high density single family homes, townhomes or condominiums, potentially creating millions of dollars of value. More information on zoning can be found on the following pages titled Mountain View R3 Zoning District Standards. The investment appeal of this asset is driven by Silicon Valley's strong employment fundamentals and premium location. With a world-class location in the heart of Silicon Valley, 440 N Rengstorff Ave presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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