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Latham Apartments 1920 Latham Rd 23 Unit Apartment Building $9,280,000 ($403,478/Unit) 4.76% Cap Rate Mountain View, CA 94040
Investment Highlights
- Massive floor plans, averaging nearly 1,000 square feet each.
- Ideally located in the heart of the Silicon Valley.
- Excellent location near Google HQ and Castro Street.
Executive Summary
Marcus & Millichap is pleased to present 1920 Latham Street, a 23-unit multifamily investment opportunity located in the heart of Mountain View, California -- one of the hottest rental markets in the country. The property features a highly desirable unit mix of 15 two-bedroom and 8 one-bedroom residences, with an average unit size of nearly 1,000 square feet, offering tenants spacious layouts that are increasingly rare in today's market. Amenities include gated access, on-site parking, a swimming pool, on-site laundry facilities, and private patios or balconies for every unit. Positioned in a premier Silicon Valley location near major tech employers, retail, and transit corridors, 1920 Latham Street offers investors a rare opportunity to acquire a well-amenitized asset in a supply-constrained, high-demand rental market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $9,280,000 | Apartment Style | Low-Rise |
| Price Per Unit | $403,478 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.64 AC |
| Cap Rate | 4.76% | Building Size | 22,222 SF |
| Gross Rent Multiplier | 13.33 | Average Occupancy | 100% |
| No. Units | 23 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | ||
| Zoning | R3-1* - multiple-family residential units | ||
| Price | $9,280,000 |
| Price Per Unit | $403,478 |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| Gross Rent Multiplier | 13.33 |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 22,222 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | R3-1* - multiple-family residential units |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Refrigerator
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Spa
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 780 |
| 2+1 | 14 | - | 1,067 |
| 2+1.5 | 1 | - | 1,200 |
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Walk Score®
Very Walkable (83)
Bike Score®
Biker's Paradise (92)
Property Taxes
| Parcel Number | 154-21-016 | Total Assessment | $5,685,235 |
| Land Assessment | $2,364,329 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,320,906 | Tax Year | 2025 |
Property Taxes
Parcel Number
154-21-016
Land Assessment
$2,364,329
Improvements Assessment
$3,320,906
Total Assessment
$5,685,235
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Latham Apartments | 1920 Latham Rd
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