For Sale
$3,488,888

250 Mariposa AveMountain View, CA 94041

Prime Silicon Valley location, 5-unit complex.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 5-unit multifamily property ideally situated in Mountain View, California, at 250 Mariposa Ave, zip code 94041. The property boasts a total of approximately 4,610 square feet on an 11,339 square foot lot (APN 154-10-009), encompassing two buildings. One building is a single-family home (1,300 sq ft, 3 bedrooms + bonus room, 1.5 baths), and the other is a fourplex featuring four identical units (828 sq ft each, 2 bedrooms, 1 bath). Built in 1962 and zoned R3-2, the property is currently 100% leased to long-term tenants, providing immediate cash flow. Its prime location is less than half a mile from downtown Mountain View's Castro Street, offering tenants easy access to a wide array of amenities. This property presents a unique opportunity for investors seeking a value-add investment in the heart of Silicon Valley. The property's size and zoning allow for potential redevelopment or continued operation with existing tenants. The property also offers ample off-street parking and is situated near Mariposa Park and major tech employers, including Google. The asking price is $3,488,888.

Highlights

  • Prime Silicon Valley downtown location.
  • Proximity to major tech employers, including Google.
  • Rare value-add multifamily opportunity in Mountain View.
  • Redevelopment or existing operation potential.
  • Desirable street with upscale residential mix.
  • Live-in potential with rental income from remaining units.

Property Details for 250 Mariposa Ave

Property type
Apartment buildings
Square Feet
4,610 SF
Year Built
1962
Units
5

Location Insight

City
Mountain View
County
Santa Clara
State
California
Latitude
37.3969863
Longitude
-122.0884613
250 Mariposa Ave, Mountain View, California

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250 Mariposa Ave
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