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328 Higdon Ave 5 Unit Apartment Building $2,400,000 ($480,000/Unit) 3.71% Cap Rate Mountain View, CA 94041
Investment Highlights
- High rental demand area
- Convenient location
- Lot lot
Executive Summary
Add value investment opportunity in Mountain View that is close shopping and dining. This charming low-rise property at 328 Higdon Avenue features a 2,160 SF building with 5 units with a covered carport and patio area, offering a prime opportunity for a multifamily investor. Built in 1953 and zoned R3-2, this property is set within the desirable Shoreline West area. Currently enjoying 80% occupancy, the property boasts a large lot, separate gas and electric meters, and a convenient location. With its strong rental history and potential for further ADU development, this property offers a compelling investment with immediate upside potential.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$131,472
|
$50.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$131,472
|
$50.96
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$42,356
|
$16.42
|
| Net Operating Income |
$89,116
|
$34.54
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $131,472 |
| Annual Per SF | $50.96 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $131,472 |
| Annual Per SF | $50.96 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $42,356 |
| Annual Per SF | $16.42 |
| Net Operating Income | |
|---|---|
| Annual | $89,116 |
| Annual Per SF | $34.54 |
Property Facts
| Price | $2,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $480,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3.71% | Building Size | 2,580 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | ||
| Zoning | R3-2* | ||
| Price | $2,400,000 |
| Price Per Unit | $480,000 |
| Sale Type | Investment |
| Cap Rate | 3.71% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,580 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Zoning | R3-2* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Walk Score®
Very Walkable (70)
Bike Score®
Biker's Paradise (92)
Property Taxes
| Parcel Number | 154-11-009 | Improvements Assessment | $248,605 (2025) |
| Land Assessment | $155,367 (2025) | Total Assessment | $403,972 (2025) |
Property Taxes
Parcel Number
154-11-009
Land Assessment
$155,367 (2025)
Improvements Assessment
$248,605 (2025)
Total Assessment
$403,972 (2025)
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328 Higdon Ave
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