481-511 Thompson Ave, Mountain View, CA 94043

$15,500,000
17,312
SqFt
List Price
$15,500,000
MLS#
ML81825575
Status
ACTIVE
Sqft. of Residence
17,312
Lot Size
71,114
Listing Area
Thompson
Year Built
1963

Property Description

Offering memorandum available. The Thompson Cottages (481, 487, 493, 499, 505 & 511 Thompson Ave) is a wonderful 24-unit apartment portfolio, consisting of six fourplexes on six contiguous parcels with a total lot size of 71,114 SqFt (1.63 acres). (23) 2-bed/1-bath units and (1) 2-bed/2-bath unit. Single-story cottage style units with large private backyards located off of a quiet street surrounded by mainly single family homes. Current rent of $69,169/month. 23 fully renovated units, and current ownership of 20+ years has consistently improved the property. Value-add potential by repositioning the property to the preferences of tech employees. Each parcel can be sold individually providing a flexible exit strategy. Further, this asset is well positioned for potential redevelopment due to its large lot 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.

Additional Information

Acres
1.6326
Age
58
Building Name
Thompson Cottages
Cooling System
Ceiling Fan
Energy Features
Double Pane Windows
Floor Covering
Laminate
Foundation
Concrete Perimeter
Garage Parking
Assigned Spaces, Carport, Covered Parking, Off-Street Parking, Parking Area, Uncovered Parking
Heating System
Gas, Wall Furnace
Laundry Facilities
Coin Operated
Living Area
17,312
Lot Description
Grade - Level
Lot Size
71,114
Neighborhood
Thompson
Other Rooms
Laundry Room, Storage
Other Utilities
Individual Electric Meters, Natural Gas, Public Utilities
Roof
Shingle
Sewer
Sewer - Public
Zoning
R3-25

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Ismael Benhamida from Marcus & Millichap

board logoBased on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Copyright 2021 MLSListings Inc. All rights reserved