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511 Walker Dr 14 Unit Apartment Building $3,995,000 ($285,357/Unit) 5.16% Cap Rate Mountain View, CA 94043
Investment Highlights
- Prime Silicon Valley location within walking distance of Google HQ and OpenAI’s newly leased campus
- Long-term appreciation potential – tech sector growth and limited housing supply support continued property and rent growth
- Professionally managed by BT Properties
- Recent capital improvements and ongoing maintenance program since the seller’s original acquisition
- Fantastic connectivity with easy access to Hwy 85, Hwy 101, Hwy 237, and Castro Caltrain Station
- Fourteen-unit apartment community on a large 18,900-square-foot parcel.
Executive Summary
511 Walker Drive presents a multifamily investment opportunity in Mountain View, one of Silicon Valley's most established and supply-constrained rental markets. The 14-unit apartment community encompasses approximately 6,048 square feet of building area on an expansive 18,900-square-foot parcel, offering a substantial land component in a highly sought-after location. The property features a courtyard-style setting enhanced by mature landscaping, creating a private residential environment that appeals to a broad range of renters seeking housing near major employment centers.
The community consists entirely of studio residences, providing efficient and functional living accommodations in a market characterized by strong demand from technology professionals and workforce housing renters. Each unit includes dual-pane windows and a private patio or deck, while residents benefit from on-site laundry facilities, fourteen private storage cabinets, and abundant parking. The property's parking ratio is supported by nine reserved surface spaces, twelve covered carports, and one ADA-accessible parking space, providing a level of convenience uncommon for similar assets in the area.
Located near Downtown Mountain View, Castro Street, and Caltrain service, the property offers convenient access to dining, shopping, entertainment, and regional transportation options. Major technology employers throughout Mountain View and neighboring communities contribute to sustained housing demand, while nearby access to U.S. Highway 101 and State Route 85 enhances regional connectivity. The property's proximity to Google and OpenAI's recently leased Mountain View campus further strengthens its position within one of the Bay Area's leading technology corridors. Combining a sizeable land parcel, resident amenities, and a location near significant employment centers, 511 Walker Drive presents an attractive opportunity for investors seeking long-term ownership in Silicon Valley.
The community consists entirely of studio residences, providing efficient and functional living accommodations in a market characterized by strong demand from technology professionals and workforce housing renters. Each unit includes dual-pane windows and a private patio or deck, while residents benefit from on-site laundry facilities, fourteen private storage cabinets, and abundant parking. The property's parking ratio is supported by nine reserved surface spaces, twelve covered carports, and one ADA-accessible parking space, providing a level of convenience uncommon for similar assets in the area.
Located near Downtown Mountain View, Castro Street, and Caltrain service, the property offers convenient access to dining, shopping, entertainment, and regional transportation options. Major technology employers throughout Mountain View and neighboring communities contribute to sustained housing demand, while nearby access to U.S. Highway 101 and State Route 85 enhances regional connectivity. The property's proximity to Google and OpenAI's recently leased Mountain View campus further strengthens its position within one of the Bay Area's leading technology corridors. Combining a sizeable land parcel, resident amenities, and a location near significant employment centers, 511 Walker Drive presents an attractive opportunity for investors seeking long-term ownership in Silicon Valley.
Property Facts
| Price | $3,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $285,357 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.16% | Building Size | 6,048 SF |
| Gross Rent Multiplier | 12.06 | Average Occupancy | 93% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 3.64/1,000 SF |
| Zoning | R31, Mountain View | ||
| Price | $3,995,000 |
| Price Per Unit | $285,357 |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| Gross Rent Multiplier | 12.06 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 6,048 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 3.64/1,000 SF |
| Zoning | R31, Mountain View |
Amenities
Unit Amenities
- Balcony
- Deck
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | $2,050 | 450 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 160-04-014 | Improvements Assessment | $2,312,308 |
| Land Assessment | $3,423,183 | Total Assessment | $5,735,491 |
Property Taxes
Parcel Number
160-04-014
Land Assessment
$3,423,183
Improvements Assessment
$2,312,308
Total Assessment
$5,735,491
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511 Walker Dr