610 Chiquita AveMountain View, CA 94041

Exceptional investment opportunity in Mountain View, CA, presents a well-maintained five-unit apartment building at 610 Chiquita Ave, 94041, within Santa Clara County. This property offers a compelling blend of location and strong potential returns, boasting 2,968 square feet of living space on a 0.18-acre lot. The building comprises two structures: a fourplex featuring four one-bedroom, one-bathroom units and a separate three-bedroom, one-bathroom unit. Each unit includes designated carport parking. On-site laundry facilities are available for tenant convenience. Currently, two of the four units in the main building are vacant, presenting immediate leasing opportunities. The property's asking price is $2,025,000, with a price per unit of $405,000. The Net Operating Income (NOI) is $99,073, yielding a 4.89% cap rate. Pro-forma NOI is projected at $105,475, resulting in a 5.21% pro-forma cap rate. Built in 1959, the property is zoned RM and features five parking spaces (one per unit). Its prime location is less than a mile from Downtown Mountain View and a short drive from Shoreline Amphitheatre, benefiting from proximity to major tech companies including Google, Microsoft, Amazon, Intuit, NASA, and Meta, ensuring a strong tenant pool. This property offers a rare combination of consistent rental income and long-term appreciation potential. The property's APN is 154-34-006.