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2483-2491 Whitney Dr 40 Unit Apartment Building $16,500,000 ($412,500/Unit) 4.80% Cap Rate Mountain View, CA 94043
Executive Summary
• Superb Mountain View Location!
• 40 Apartment Units Total
• 4 Buildings on 4 Separate Parcels
• 6 Two Bedroom Apartments
• 28 One Bedroom Apartments
• 6 Studio Apartments
• 51 Total Parking Spaces
• 40 Carport Parking Spaces
• 11 Surface Parking Space
• Communal Pool & Landscaped Courtyard
• 3 Laundry Rooms with App Operated Seller Owned Machines (4 Washers/4 Dryers)
• Core Silicon Valley Location with Excellent Access to Major Employers
• Excellent Residential Market with Strong Demand and Insufficient Housing Supply
• Directly adjacent to Google Site (X Development, LLC)
• Outstanding School District
• Neighborhood Average Household Income is $324,295!
• Lot Size: Approx. 62,982 SF (Per 9.27.13 Survey)
• Building Size: Approx. 24,586 SF (Per 7.1.20 'As Built" Drawings)
• Great Location with Development Potential!
• 40 Apartment Units Total
• 4 Buildings on 4 Separate Parcels
• 6 Two Bedroom Apartments
• 28 One Bedroom Apartments
• 6 Studio Apartments
• 51 Total Parking Spaces
• 40 Carport Parking Spaces
• 11 Surface Parking Space
• Communal Pool & Landscaped Courtyard
• 3 Laundry Rooms with App Operated Seller Owned Machines (4 Washers/4 Dryers)
• Core Silicon Valley Location with Excellent Access to Major Employers
• Excellent Residential Market with Strong Demand and Insufficient Housing Supply
• Directly adjacent to Google Site (X Development, LLC)
• Outstanding School District
• Neighborhood Average Household Income is $324,295!
• Lot Size: Approx. 62,982 SF (Per 9.27.13 Survey)
• Building Size: Approx. 24,586 SF (Per 7.1.20 'As Built" Drawings)
• Great Location with Development Potential!
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 | $16,500,000 | Apartment Style | Garden |
| Price Per Unit | $412,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.45 AC |
| Cap Rate | 4.80% | Building Size | 24,586 SF |
| Gross Rent Multiplier | 13.1 | Average Occupancy | 92% |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.07/1,000 SF |
| Zoning | R31H, Mountain View | ||
| Price | $16,500,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Gross Rent Multiplier | 13.1 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 24,586 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.07/1,000 SF |
| Zoning | R31H, Mountain View |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Satellite TV
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Online Services
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 500 |
| 1+1 | 28 | - | 500 - 650 |
| 2+1 | 6 | - | 750 - 900 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Total Assessment | $14,053,311 | |
| Land Assessment | $8,412,934 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $5,640,377 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$8,412,934
Improvements Assessment
$5,640,377
Total Assessment
$14,053,311
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2483-2491 Whitney Dr
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