El Markay Apartment 239 Easy St 14 Unit Apartment Building $5,580,000 ($398,571/Unit) 5.25% Cap Rate Mountain View, CA 94043

239 Easy Street, a 14-unit multifamily investment opportunity in Mountain View, California. The property features an attractive garden-style setting surrounded by professionally designed, drought-resistant landscaping, creating a private and institutional-quality living environment. Each unit features dual-pane windows, renovated kitchens and bathrooms, and private balconies. The property also offers a private on-site laundry facility, individual EV charging stations, and dedicated storage within each covered parking space. Parking is abundant for a property of this size, with nine reserved surface spaces and fourteen covered carports.
The property offers significant rental upside as units turn and rents are gradually adjusted toward prevailing market levels, subject to applicable local regulations. The well-balanced unit mix includes six two-bedroom units, two one-bedroom units, and six studios, positioning the property to capitalize on Mountain View’s deep renter pool. The property is well suited for young professionals and technology workers seeking convenient access to major Silicon Valley employers, transportation, and neighborhood amenities.
Mountain View’s technology-driven employment base and constrained housing supply continue to support strong long-term rental fundamentals. The property’s proximity to Downtown Mountain View, Castro Street, and Caltrain provides residents with convenient access to dining, shopping, entertainment, and regional transportation. OpenAI’s recent lease of the approximately 450,000-square-foot office campus at 350–380 Ellis Street, just over one mile from the property, further reinforces Mountain View’s position as a premier Silicon Valley employment hub and represents a meaningful new driver of nearby housing demand.