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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
527 Walker Drive is a 17-unit multifamily property located in Mountain View, California. The property contains approximately 11,618 square feet of building area on a 16,800-square-foot lot. The community includes a mix of one- and two-bedroom units and offers private balconies, covered parking, on-site laundry facilities, and resident storage. The property is located near Downtown Mountain View, Caltrain service, major transportation corridors, and technology employment centers including Google and OpenAI.
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
- Smoke Detector
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