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620 Alamo Ct
Mountain View, CA 94043
Alamo Park · Multifamily Property For Sale
·
33 Units
Investment Highlights
- High Cash Flowing Mountain View Opportunity
- Incredible Modern Unit Amenities
- Close Proximity to Many of the Nation’s Top Tech Employers
- Newly Constructed ADUs
- Desirable Unit Mix
Executive Summary
Alamo Park Apartments is a stunning 33-unit multifamily investment opportunity located in the thriving city of Mountain View, California. Situated on a large parcel of land totaling 0.96 acres, the property was originally constructed in 1974 and features a gross building area of approximately 20,505 square feet, offering tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, eight brand-new ADUs have recently been constructed, offering six two-bedroom and two one-bedroom units with modern amenities such as in-unit washers and dryers, heating and AC, dishwashers, recessed lighting, and solar panels on the newly constructed duplex roof. The property is just 3.1 miles from the Googleplex (Google Headquarters) and within close proximity to Downtown Mountain View (1.0 mile) and San Antonio Shopping Center (3.0 miles). Downtown Mountain View and Castro Street play a unique role in the community, offering more than 20 retailers, 70 restaurants, the City Civic Center, and the Center for the Performing Arts, providing a myriad of high-end dining, shopping, and entertainment options. The investment appeal of this asset is driven by Mountain View’s strong employment fundamentals and low vacancy levels, and with a world-class location in the heart of Silicon Valley, Alamo Park Apartments presents an attractive opportunity for investors due to its proximity to major employers, transportation corridors, shopping, dining, and entertainment.
Property Facts
| Price Per Unit | $378,788 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.96% | Lot Size | 0.96 AC |
| Gross Rent Multiplier | 12.58 | Building Size | 20,505 SF |
| No. Units | 33 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | ||
| Zoning | R3-1 - Residential-Multiple Family | ||
| Price Per Unit | $378,788 |
| Sale Type | Investment |
| Cap Rate | 4.96% |
| Gross Rent Multiplier | 12.58 |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 20,505 SF |
| No. Stories | 3 |
| Year Built | 1974 |
| Zoning | R3-1 - Residential-Multiple Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
| 2+1 | 11 | - | - |
| 2+1.5 | 1 | - | - |
| 1+1 | 2 | - | - |
Property Taxes
| Parcel Number | 160-04-003 | Improvements Assessment | $530,400 |
| Land Assessment | $7,808,100 | Total Assessment | $8,338,500 |
Property Taxes
Parcel Number
160-04-003
Land Assessment
$7,808,100
Improvements Assessment
$530,400
Total Assessment
$8,338,500
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