511 Walker Dr 14 Unit Apartment Building $3,995,000 ($285,357/Unit) 5.16% Cap Rate Mountain View, CA 94043

BCG Multifamily is pleased to present 511 Walker Drive, a 14-unit studio multifamily investment opportunity in Mountain View, California. The property features an attractive courtyard-style setting surrounded by mature landscaping, creating a private and inviting residential environment. Each unit is equipped with dual-pane windows and a dedicated patio or deck, while residents benefit from an on-site laundry facility and fourteen private storage cabinets. Parking is abundant for a property of this size, with nine reserved surface spaces, twelve covered carports, and one ADA-accessible space.
The property offers significant rental upside as units turn and rents gradually adjust toward prevailing market levels in accordance with local regulations. Its efficient studio unit mix is well positioned to serve Mountain View’s deep renter base, including 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.