Multifamily Property for Sale in Mountain View, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Mountain View, CA 94041

Description

VALUE-ADD TRIPLEX WALKING DISTANCE TO DOWNTOWN MOUNTAIN VIEW & CALTRAIN CBRE, as the exclusive listing agent, is pleased to offer for sale 1356 W Dana St (the “Property”) comprised of 3 units in Mountain View, California. The Property is located in the heart of Silicon Valley with convenient access to transit and high-paying technology employers resulting in some of the highest rents in the whole SF Bay Area. The Property offers an investor the rare opportunity to purchase a triplex with two vacant units and a M/M third unit. The investment appeal of the Property is driven by the Property’s ground zero Silicon Valley location, strong employment fundamentals and the significant affordability gap between renting and owning. The offering gives an investor an opportunity for value-add of the existing units or redevelopment into a new luxury single family home.

Market Context

This multifamily in Mountain View, CA is listed for sale. It has been on the market for 148 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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