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236 Higdon Ave 4 Unit Apartment Building $2,349,000 ($587,250/Unit) 3.18% Cap Rate Mountain View, CA 94041
Investment Highlights
- Close proximity to downtown Mountain View
- New Roof
- Lots of Parking
- Updated Units
Executive Summary
Great Investment Opportunity on This Rare Single Level Fourplex*Top Rated Schools*Two 2 Bedroom 1 Bath Units*Two 1 Bedroom 1 Bath*Spacious Backyard in the Two Bedroom Unit 1*Covered Assigned Parking*Updated Units 3 & 4*New Roof *Covered Porch*Units 2 & 4 Are Currently Leased*Individually Metered for Gas & Water*Dual Pane Windows *Close Proximity to Downtown Mountain Views*Drought Tolerant Plants*Easier Financing Available*Laundry Room for Add Value*Easy Access to Freeways*Wont Last Long!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$132,000
|
$47.52
|
| Other Income |
$960
|
$0.35
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,960
|
$47.86
|
| Taxes |
$23,000
|
$8.28
|
| Operating Expenses |
$8,500
|
$3.06
|
| Total Expenses |
$31,500
|
$11.34
|
| Net Operating Income |
$101,460
|
$36.52
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $132,000 |
| Annual Per SF | $47.52 |
| Other Income | |
|---|---|
| Annual | $960 |
| Annual Per SF | $0.35 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $132,960 |
| Annual Per SF | $47.86 |
| Taxes | |
|---|---|
| Annual | $23,000 |
| Annual Per SF | $8.28 |
| Operating Expenses | |
|---|---|
| Annual | $8,500 |
| Annual Per SF | $3.06 |
| Total Expenses | |
|---|---|
| Annual | $31,500 |
| Annual Per SF | $11.34 |
| Net Operating Income | |
|---|---|
| Annual | $101,460 |
| Annual Per SF | $36.52 |
Property Facts
| Price | $2,349,000 | Apartment Style | Low-Rise |
| Price Per Unit | $587,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 3.18% | Building Size | 2,778 SF |
| Gross Rent Multiplier | 18.07 | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2023 |
| Property Subtype | Apartment | Parking Ratio | 2.16/1,000 SF |
| Zoning | R32, Mountain View | ||
| Price | $2,349,000 |
| Price Per Unit | $587,250 |
| Sale Type | Investment |
| Cap Rate | 3.18% |
| Gross Rent Multiplier | 18.07 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 2,778 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2023 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | R32, Mountain View |
Amenities
Unit Amenities
- Heating
- Eat-in Kitchen
- Double Pane Windows
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,375 | 650 |
| 2+1 | 2 | $3,000 | 750 - 1,295 |
1 1
Property Taxes
| Parcel Number | 154-11-004 | Total Assessment | $2,034,972 (2025) |
| Land Assessment | $1,493,756 (2025) | Annual Taxes | $23,000 ($8.28/SF) |
| Improvements Assessment | $541,216 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
154-11-004
Land Assessment
$1,493,756 (2025)
Improvements Assessment
$541,216 (2025)
Total Assessment
$2,034,972 (2025)
Annual Taxes
$23,000 ($8.28/SF)
Tax Year
2024
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236 Higdon Ave
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