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Nederland Apartments 190 Evandale Ave 19 Unit Apartment Building $7,850,000 ($413,158/Unit) 4.78% Cap Rate Mountain View, CA 94043
INVESTMENT HIGHLIGHTS
- ALL 2-bedroom, 2-bathroom units with spacious floorplans
- Prime Location: Near major tech employers including Google, LinkedIn, Microsoft, and Facebook/Meta, plus transit, shopping, and dining
EXECUTIVE SUMMARY
Marketing Package Available! 190 Evandale offers a rare opportunity to acquire a turn-key 19-unit apartment community, comprised entirely of 2-bedroom, 2-bath units with spacious layouts. Located in the highly desirable Mountain View submarket, this property provides tenants with convenient access to major tech employers including Google, LinkedIn, Microsoft, and Facebook/ Meta, as well as public transit, shopping, dining, and local amenities, making it one of the most sought-after rental locations in the area. The property is comprised of five buildings on a single 31,900 SF (0.73-acre) lot, including four fourplex structures and one triplex structure, totaling 19 units. Each building features carport parking and a shared laundry room for tenants. This asset is ideal for investors seeking a stable, income-generating property with rental upside and strong long-term appreciation potential, combining immediate cash flow with future growth opportunities in one of Silicon Valley’s most dynamic markets.
PROPERTY FACTS
| Price | $7,850,000 | Apartment Style | Garden |
| Price Per Unit | $413,158 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.73 AC |
| Cap Rate | 4.78% | Building Size | 19,290 SF |
| Gross Rent Multiplier | 12.8 | No. Stories | 2 |
| No. Units | 19 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.81/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | P32 | ||
| Price | $7,850,000 |
| Price Per Unit | $413,158 |
| Sale Type | Investment |
| Cap Rate | 4.78% |
| Gross Rent Multiplier | 12.8 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 19,290 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | P32 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 19 | - | - |
1 1
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 160-07-008 | Improvements Assessment | $978,522 |
| Land Assessment | $226,482 | Total Assessment | $1,205,004 |
PROPERTY TAXES
Parcel Number
160-07-008
Land Assessment
$226,482
Improvements Assessment
$978,522
Total Assessment
$1,205,004
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Nederland Apartments | 190 Evandale Ave
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