366 Camille CT

Mountain View, CA, 94040

$4,988,000

$910 per ft²
$4,988,000
$910 per ft²
Inactive
Inactive
 - For Sale
carpenters-square
5,480 ft²
property_type
Multi-family
calendar
Built 1953
Offering memorandum available. Pride of ownership 12-unit apartment complex with two six-unit buildings (366 & 372 Camille Ct) situated on one parcel with all updated one-bed/one-bath units with vaulted ceilings. Prestigiously located in the Cuesta Park neighborhood south of El Camino Real where homes are $1500+/SqFt. Walking distance to Downtown MV & Caltrain. Current monthly rent is $23,778. CAP Rate: 3.87% Current, 5.28% Proforma. GRM: 17.56 Current, 14.46 Proforma. 100% occupancy & collections. Current ownership of 13 years has consistently improved the property. All units have hardwood & slate floors, upgraded bathrooms & kitchens, & dual pane windows. New 50 year PVC roof in 2017, new carport in 2018, and pavement in 2019. Opportunity to add further value by adding in-unit laundry & private patios, renting out the large storage unit for additional income, and continuing the repositioning of the property to the high specification preferences of Silicon Valley technology employees.
MLS ID:
ML81867150
Listed:
10/17/21
Updated:
1/17/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Hardwood, Slate
Cooling
Ceiling Fan

Exterior/Building Features

Lot Size
0.25 acres lot
Exterior Features
Fenced, Low Maintenance, Storage Shed / Structure
Lot Details
Grade - Level
Roof
Polyurethane
Sewer
Sewer - Public

School Information

School District
Mountain View Whisman
High School
Mountain View High
Middle/Jr High
Isaac Newton Graham Middle
Elementary School
Benjamin Bubb Elementary

Other Property Details

Area Name
Miramonte
Taxes
$59701
Tax Frequency
per YEAR
HOA Amenities
Additional Storage
Attached Garage
Yes
Parking
Assigned Spaces, Carport, Covered Parking, Off-Street Parking, Parking Area, Uncovered Parking
View
N
County
Santa Clara
Utilities
Public Utilities
Water Source
Public
Zoning
R3-1*

Property History

Date
Event
Price
Value

 

Courtesy of Ismael Benhamida, Compass

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Data last updated 3:35 AM UTC, 1/17/22

 

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