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Cloverdale Apartments 527 Walker Dr 17 Unit Apartment Building $5,790,000 ($340,588/Unit) 4.87% Cap Rate Mountain View, CA 94043
Investment Highlights
- Prime Silicon Valley location within walking distance of Google HQ and Open AI’s newly leased campus
- Exceptional schools – 8/10 elementary, 9/10 middle, and 10/10 high school ratings attract stable, family-oriented tenants
- Fantastic connectivity with easy access to Hwy 101, Hwy 237, and Castro Caltrain Station
- Recent capital improvements and ongoing maintenance program since the seller’s original acquisition
- Long-term appreciation potential – tech sector growth and limited housing supply support continued property and rent growth
- Professionally managed by BT Properties
Executive Summary
BCG Multifamily is pleased to present 527 Walker Drive, a 17-unit multifamily investment opportunity in Mountain View, California. The property comprises approximately 11,618 square feet of building area on a 16,800-square-foot lot, providing meaningful scale within the Mountain View multifamily market. The location benefits from proximity to Downtown Mountain View, Castro Street and Caltrain, delivering residents convenient access to shopping, dining, entertainment and regional transportation.
The property offers significant rental upside as units turn and rents adjust toward prevailing market levels in accordance with local regulations. The surrounding neighborhood is further supported by highly rated schools, including an 8/10 elementary school, 9/10 middle school, and 10/10 high school, creating a desirable family-oriented residential environment that attracts stable, long-term tenants. This income-growth potential, combined with strong neighborhood amenities and access to quality education, provides a compelling opportunity to enhance yields through normal tenant turnover and future lease adjustments.
Mountain View's concentrated technology employment base and constrained housing inventory support strong rental fundamentals and consistent appreciation. OpenAI's recent 450,000-square-foot office campus lease nearby reinforces the city's position as a premier artificial intelligence and technology hub, sustaining workforce growth and rental demand. Combined with meaningful rental upside and long-term employment-driven appreciation, 527 Walker Drive is well-positioned to deliver attractive risk-adjusted returns for value-add investors.
The property offers significant rental upside as units turn and rents adjust toward prevailing market levels in accordance with local regulations. The surrounding neighborhood is further supported by highly rated schools, including an 8/10 elementary school, 9/10 middle school, and 10/10 high school, creating a desirable family-oriented residential environment that attracts stable, long-term tenants. This income-growth potential, combined with strong neighborhood amenities and access to quality education, provides a compelling opportunity to enhance yields through normal tenant turnover and future lease adjustments.
Mountain View's concentrated technology employment base and constrained housing inventory support strong rental fundamentals and consistent appreciation. OpenAI's recent 450,000-square-foot office campus lease nearby reinforces the city's position as a premier artificial intelligence and technology hub, sustaining workforce growth and rental demand. Combined with meaningful rental upside and long-term employment-driven appreciation, 527 Walker Drive is well-positioned to deliver attractive risk-adjusted returns for value-add investors.
Property Facts
| Price | $5,790,000 | Apartment Style | Low-Rise |
| Price Per Unit | $340,588 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 4.87% | Building Size | 11,652 SF |
| Gross Rent Multiplier | 12.19 | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Zoning | R31, Mountain View | ||
| Price | $5,790,000 |
| Price Per Unit | $340,588 |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| Gross Rent Multiplier | 12.19 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 11,652 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | R31, Mountain View |
Amenities
Unit Amenities
- Balcony
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $2,389 | 646 |
| 2+1 | 5 | $2,145 | 780 |
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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 | 160-04-012 | Improvements Assessment | $1,979,566 |
| Land Assessment | $921,812 | Total Assessment | $2,901,378 |
Property Taxes
Parcel Number
160-04-012
Land Assessment
$921,812
Improvements Assessment
$1,979,566
Total Assessment
$2,901,378
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Cloverdale Apartments | 527 Walker Dr