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310 Gladys Avenue 310 Gladys Ave 6 Unit Apartment Building $2,475,000 ($412,500/Unit) 4.54% Cap Rate Mountain View, CA 94043
Investment Highlights
- Single story on concrete slab foundation
- Roll Composition roof less than 4 year new
- Each unit has own hot water heater
- Stucco exterior
- Each unit has private patio
- Huge lot, 14,960 sq ft
Executive Summary
Opportunity is knocking! Excellent Mt. View location! Take a look at this easy to manage 6-unit building on a huge 14,960 sq ft lot. Single story, stucco exterior, concrete slab foundation with a composition roll roof that is less than 4-years new. All units are 1 br/1ba with each having their own private fenced-in front patio. Most units have had updates in the last 4-6 years with paint, laminate flooring, kitchen updates, tiled bathrooms. Each unit has their own water heater, and all have been replaced within the last 5-6 years. Plenty of on-site uncovered parking. Great rents and still room to increase, all units occupied, excellent tenants, low maintenance landscaping to keep water bill low. On site coin-operated washer/dryer in laundry room. Located within minutes to many High-Tech companies such as Alphabet/Google, Intuit, LinkedIn, plus NASA and close to Meta, HP, Tesla, Palo Alto Networks, Apple and many more Silicon Valley employers. Public transportation, buses, VTA light Rail and Caltrain make this location ideal. The numbers make sense on this property so don't delay!
Data Room Click Here to Access
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 | $2,475,000 | Apartment Style | Low-Rise |
| Price Per Unit | $412,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 4.54% | Building Size | 2,940 SF |
| Gross Rent Multiplier | 15.05 | Average Occupancy | 95% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 3.74/1,000 SF |
| Zoning | R2, Mountain View - Land Use Apartment house (5+ units), Zoning R2 | ||
| Price | $2,475,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| Gross Rent Multiplier | 15.05 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 2,940 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 3.74/1,000 SF |
| Zoning | R2, Mountain View - Land Use Apartment house (5+ units), Zoning R2 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Double Pane Windows
- Pantry
- Patio
- Smoke Free
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,222 | 481 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 160-28-013 | Total Assessment | $603,304 |
| Land Assessment | $440,226 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $163,078 | Tax Year | 2025 |
Property Taxes
Parcel Number
160-28-013
Land Assessment
$440,226
Improvements Assessment
$163,078
Total Assessment
$603,304
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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310 Gladys Avenue | 310 Gladys Ave
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