$4,988,000
366 Camille Court, Mountain View, CA 94040
0 Beds
0 Baths
5,480 sqft

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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.
  • Price:
  • $4,988,000
  • Square Footage:
  • 5,480
  • Acreage:
  • 0.25
  • Year Built:
  • 1953
  • Listing ID #:
  • ML81867150
  • Street Address:
  • 366 Camille Court
  • City:
  • Mountain View
  • State:
  • California
  • Postal Code:
  • 94040
  • County:
  • Santa Clara
  • Listing Status:
  • Pending
  • Listing Type:
  • Commercial Sale
  • Flooring:
  • Hardwood, Stone
  • Total Building Square Footage:
  • 5480
  • Year Built:
  • 1953
  • Lot Features:
  • Level
  • Lot Size:
  • 10920
  • Lot Square Footage:
  • 10920
  • Parking Description:
  • Covered, Parking Lot, Assigned
  • Appliances:
  • Refrigerator, Tankless Water Heater
  • Cooling System:
  • Ceiling Fan(s)
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • Wall Furnace
  • Laundry:
  • Coin Operated
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Ismael Benhamida of Compass
  • CABAYEAST

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