Multifamily

Solano at Moffett

655 Lynwood Ave, Mountain View, CA 94043

Listing Price: $3,750,000

Cap Rate
4.14%
Number of Units
8
GRM
16.41
Occupancy
97.01%
Price/Unit
$468,750
Price/Gross SF
$625.00
Gross SF
6,000

Investment Overview

Located in a highly desirable area of Mountain View, an affluent submarket of San Jose, Solano @ Moffett consists of 8 one-bedroom units and approximately 6,000 square feet of rentable space. Recently completed projects include fencing, exterior painting and asphalt sealing. All units are individually metered for electricity and gas, with a master for water. Residents enjoy large private patios, assigned covered parking, in-unit washer/dryer, and ultra-convenient access to major Bay Area technology employers.

With its proximity to Nasa, Moffett Field, Google, Facebook, Apple, LinkedIn, Yahoo, eBay, and a dozen more of Silicon Valleys hi-tech companies, this property offers the savvy investor the opportunity to diversify sources of revenue with short-term rentals. The corporate housing industry is evolving, with emerging technologies, shifting travel preferences, and changing corporate travel policies. A study shows that 37% of business travelers were looking for increased autonomy (private accommodation) on the trip, according to American Express Global Business Travel.

The City of Mountain View has taken the guesswork out of registering a short-term rentals and provides information on how to market your short-term rental, along with market data.

Located in a quiet neighborhood, residents of Solano @ Moffett enjoy easy access to the many amenities provided by the great city of Mountain View. The property is driving distance to numerous popular restaurants, shops and entertainment located on Castro Street in downtown Mountain View. Additionally, the subject property is less than 3.4 miles from San Antonio Center, providing quick access to places such as Target, Whole Foods, Safeway, Trader Joes, Walmart, 24 Hour Fitness and many more.

The city of Mountain View is located in the heart of Santa Clara County and Silicon Valley. It is central to many of the worlds largest high-tech corporations, as well as thousands of tech startups, which account for nearly one-third of total venture capital investment in the United States.

With a world-class location in the heart of Silicon Valley, Solano @ Moffett presents an attractive choice for Peninsula and South Bay renters due to the close proximity to major employers, transportation corridors, shopping, dining and entertainment. Mountain View continues to thrive and with demand high, presents a very desirable market for all types of investors.

Investment Highlights

  • 100% Rent Collection during Covid-19
  • Sought-after location in Mountain View
  • Ideal unit mix to attract professional tenants
  • Conveniently located to highways 280/101/85 plus major thoroughfares

Exclusively Listed By

Listing Price: $3,750,000

Cap Rate
4.14%
Number of Units
8
GRM
16.41
Occupancy
97.01%
Price/Unit
$468,750
Price/Gross SF
$625.00
Gross SF
6,000

Investment Highlights

  • 100% Rent Collection during Covid-19
  • Sought-after location in Mountain View
  • Ideal unit mix to attract professional tenants
  • Conveniently located to highways 280/101/85 plus major thoroughfares

Investment Overview

Located in a highly desirable area of Mountain View, an affluent submarket of San Jose, Solano @ Moffett consists of 8 one-bedroom units and approximately 6,000 square feet of rentable space. Recently completed projects include fencing, exterior painting and asphalt sealing. All units are individually metered for electricity and gas, with a master for water. Residents enjoy large private patios, assigned covered parking, in-unit washer/dryer, and ultra-convenient access to major Bay Area technology employers.

With its proximity to Nasa, Moffett Field, Google, Facebook, Apple, LinkedIn, Yahoo, eBay, and a dozen more of Silicon Valleys hi-tech companies, this property offers the savvy investor the opportunity to diversify sources of revenue with short-term rentals. The corporate housing industry is evolving, with emerging technologies, shifting travel preferences, and changing corporate travel policies. A study shows that 37% of business travelers were looking for increased autonomy (private accommodation) on the trip, according to American Express Global Business Travel.

The City of Mountain View has taken the guesswork out of registering a short-term rentals and provides information on how to market your short-term rental, along with market data.

Located in a quiet neighborhood, residents of Solano @ Moffett enjoy easy access to the many amenities provided by the great city of Mountain View. The property is driving distance to numerous popular restaurants, shops and entertainment located on Castro Street in downtown Mountain View. Additionally, the subject property is less than 3.4 miles from San Antonio Center, providing quick access to places such as Target, Whole Foods, Safeway, Trader Joes, Walmart, 24 Hour Fitness and many more.

The city of Mountain View is located in the heart of Santa Clara County and Silicon Valley. It is central to many of the worlds largest high-tech corporations, as well as thousands of tech startups, which account for nearly one-third of total venture capital investment in the United States.

With a world-class location in the heart of Silicon Valley, Solano @ Moffett presents an attractive choice for Peninsula and South Bay renters due to the close proximity to major employers, transportation corridors, shopping, dining and entertainment. Mountain View continues to thrive and with demand high, presents a very desirable market for all types of investors.

Exclusively Listed By

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