Multifamily Property for Sale in Mountain View, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Mountain View, CA 94040

Description

Marcus & Millichap is pleased to present 870 Williams Way, an exceptional seven-unit multifamily investment and rare owner-user opportunity in the heart of Mountain View, California. Built in 1964, the property sits on an 11,562 square foot parcel and encompasses approximately 6,876 rentable square feet. The asset features a diverse unit mix consisting of one expansive 3-bedroom/2.5-bath owner's residence spanning 2,500 square feet, one recently updated 1-bedroom unit, one classic 1-bedroom unit with bonus room, and four townhome-style 2-bedroom/1.5- bath units of approximately 879 square feet each. The property currently generates gross monthly income of approximately $19,815, with current rents estimated at roughly 28% below market — representing a meaningful value-add opportunity for an investor seeking to close the gap through organic lease-up and unit turnover. Investment Highlights: • PRIME PRIDE OF OWNERSHIP USER OPPORTUNITY Live in a spacious 3-bed, 2.5-bath, 2,500 sq ft home with private backyard and garage while renting out six additional units. • DESIRABLE UNIT MIX Includes four 2-bed/1.5-bath townhome-style units with private outdoor space, two 1-bedroom units with selective upgrades, and a spacious 3-bed/2.5-bath owner's residence. • EXCELLENT LOCATION Minutes from Google, Apple, Meta, Intuit, LinkedIn, and other major tech employers, with convenient access to Caltrain, VTA, and downtown Mountain View. • OPENAI'S EXPANDING FOOTPRINT OpenAI recently executed a 10-year lease for approximately 450,000 square feet at 350 Ellis Street, just over two miles away, further cementing Mountain View's status as a premier technology destination and reinforcing long-term rental demand. • TOP-RATED SCHOOLS Located within the sought-after Mountain View Whisman School District, including Amy Imai Elementary and Mountain View High School. • STRONG LONG-TERM VALUE Surrounded by single-family homes averaging $2.04M within a two-mile radius, reflecting the sustained r

Market Context

This multifamily in Mountain View, CA is listed for sale. It is offered at an approximate 3.6% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 39 days. Compare it against other multifamily listings for sale in Mountain View, CA — <a href="/search/sale/multifamily/california/mountain-view">view the full market</a>.

As of Q3 2021, the Silicon Valley multifamily market showed a 4.4% vacancy rate, and average asking rents near $1591.00/unit/mo. Source: Www.lee-Associates.com Q3 2021 market report.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Silicon Valley multifamily market tightening or softening?
Vacancy is around 4.4% (Q3 2021).

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