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256 Pettis Ave 5 Unit Apartment Building $2,695,000 ($539,000/Unit) Mountain View, CA 94041
Investment Highlights
- Centrally located in Silicon Valley, just north of San Jose and south of San Francisco, with convenient access to major employers and top schools
- Excellent connectivity with nearby access to the Mountain View Caltrain Station and major highways (US-101, CA-85, and Central Expressway)
- Proximity to leading tech campuses, including Google, LinkedIn, and other major Silicon Valley employers
- Short distance to Downtown Mountain View and Castro Street, offering a vibrant mix of dining, retail, and entertainment options
- Situated in a highly desirable residential neighborhood known for strong rental demand and long-term tenant stability
- Limited multifamily supply in the immediate area supports long-term rent growth and value appreciation
Executive Summary
SVN | Capital West Partners, as exclusive advisor, is pleased to present an exceptional investment opportunity featuring a five-unit multifamily property comprised of one spacious front unit with three bedrooms and two bathrooms, two one-bedroom/one-bath units, and two studio units. The property offers stable in-place income with immediate cash flow, along with a compelling value-add opportunity through the potential to increase rents to market levels. This combination makes it well-suited for both seasoned and new multifamily investors seeking upside. Its prime location further enhances its appeal for those looking to establish or expand their portfolio in a strong and highly desirable market.
Property Facts
| Price | $2,695,000 | Building Class | C |
| Price Per Unit | $539,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,801 SF |
| No. Units | 5 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1961 |
| Apartment Style | Low-Rise | Parking Ratio | 2.5/1,000 SF |
| Zoning | R2, Mountain View | ||
| Price | $2,695,000 |
| Price Per Unit | $539,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,801 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | R2, Mountain View |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 340 |
| 1+1 | 2 | - | 450 |
| 3+2 | 1 | - | 1,262 |
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Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | 154-10-041 | Improvements Assessment | $459,000 |
| Land Assessment | $1,530,000 | Total Assessment | $1,989,000 |
Property Taxes
Parcel Number
154-10-041
Land Assessment
$1,530,000
Improvements Assessment
$459,000
Total Assessment
$1,989,000
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256 Pettis Ave
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