INVESTMENT HIGHLIGHTS
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- Pride-of-Ownership apartment building in a great location in the heart of Silicon Valley
- Unit Mix:
- One 1-Bedroom 1-Bath Apartments
- Ten Junior 1-Bedroom 1-Bath Apartments (easily converted into full 1-beds)
- One Studio Unit (currently used as the owners’ storage room)
- Significant Capital Improvements:
- Pool and Pool Surround was Resurfaced / Retiled
- Balcony replacements: 2 end cantilever beams, supporting posts and complete reconstruction of three end balconies + reconstruction of 7 of 9 balcony railings
- All new appliances, bathtub reglaze, vanity cabinets, lighting
- New paint/carpet at every turnover
- One full permitted renovation (kitchen, vanity, bathroom)
- New foam roof replaced in 2004
- Owners completed an overlay spray on the roof in 2024 that provides a 10-year warranty (with another overlay required in 5 years)
- Many new wall furnaces
- Coin-Operated Laundry provides a nice amenity to tenants, leased units are management-free
- Ample parking with 16 covered spaces
- Potential to add an up to 2 new ADUs through tuck-under parking conversion for significant increase in rental income
- The storage room currently used by the owners is a legal, rentable unit, presenting a strong value-add opportunity to increase cash flow through lease-up. The unit features a shower/bath, plumbing, and electrical.
LOCATION HIGHLIGHTS
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- Located in the heart of Silicon Valley in the home of Google HQ: Mountain View
- Surrounded by tech jobs and local amenities
- North Whisman neighborhood, just off 85 & 101, with easy access to 237 & El Camino
- Only a block from El Camino, and a few blocks from all the shopping and amenities of Downtown Mountain View
- West side of El Camino
- Google offices and properties spread all throughout Mountain View, including the Quad Campus about ó mile away, and Google HQ less than 1.5 miles away, down the pleasant Steven’s Creek Trail
- Less than a mile to numerous parks and city amenities:
- 1/2 block to Whisman Park featuring athletic Fields, BBQ Facilities, dog park, open lawn space, picnic tables, playground, volleyball court, restrooms, tennis court and trail access
- 1 mile walk Vargas Elementary, the fire station, and Mountain View Public Works
- Less than 1 mile to Castro Street and downtown Mountain View
- Less than 1 mile to Mountain View Caltrain Station, and a 1.2 mile bike ride to Whisman VTA Station
- Located 1 mile from Google’s Middlefield Park Master Plan bringing 1,900 new homes, 12+ acres of public open space, 50,000+ sq. ft. of public retail and community spaces, and 3+ miles of new walking and cycling trails
- “Biker’s Paradise” Bike-Score of 96: “Daily errands can be accomplished on a bike”
- Feeds into excellent public schools. This location feeds into:
- Vargas Elementary School – 9/10 in test scores, 1 mile away
- Crittenden Middle School – 9/10 in test scores, 1.3 miles away
- Mountain View High School – 10/10 in test scores AND 10/10 in college readiness, 3.2 miles away
CONVERT TUCK-UNDER PARKING INTO ADU APARTMENTS
Buyers can take advantage of recent favorable California statewide changes to Accessory Dwelling Unit (ADU) requirements and restrictions and
immediately add tremendous value by converting existing structures, like tuck-under parking into ADU units. CA Senate Bills 1069, 13 and 330 (and other
more recent updates) allow for streamlined approvals of ADU construction on Multi-Family properties of up to ¼ the number of current units on the
property, rounding down. There is no need to replace the parking if the property is within ½ mile of public transportation, which this property is.
Below is a chart which outlines the City of Mountain View guidelines for Multi-Family ADU development which is further explained on their website.
This is a fantastic strategy for a new owner to immediately add value to their new property. Contact us for more information, including contacts who have done this before, contractors and architects, and city planners who can verify this info.