Offering memorandum available. The South Thompson Cottages (481, 487, and 493 Thompson Avenue) is a wonderful 12-unit portfolio, consisting of three fourplexes on contiguous parcels with a total lot size of 37,117 SqFt (0.85 acres). Eleven 2-bed/1-bath units and one 2-bed/2-bath unit. Single-story cottage style units with large private backyards located off of a quiet street comprised of mainly single family homes. Current rent of $35,428/month. Fully renovated units, and current ownership of over 20 years has consistently improved the property. Value-add potential by continuing the repositioning of the property to the preferences of tech employees. Each fourplex can be sold individually providing a flexible exit strategy. Further, this asset is well positioned for potential redevelopment due to its size and location. Located 1.3 miles from Google's headquarters. Feeds into top ranked Los Altos High School. Great opportunity for both the cash flow and appreciation minded investor.
Listing courtesy of Ismael Benhamida from Marcus & Millichap
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