499 511 Thompson Ave

Mountain View, CA, 94043

$7,750,000

$895 per ft²
$7,750,000
$895 per ft²
Active
Active
carpenters-square
8,656 ft²
property_type
Multi-family
calendar
Built 1963
Offering memorandum available. The North Thompson Cottages (499, 505, and 511 Thompson Avenue) is a wonderful 12-unit apartment portfolio, consisting of three fourplexes on contiguous parcels with a total lot size of 33,997 SqFt. (0.78 acres). Twelve 2-bed/1-bath units totaling 8,656 SqFt. Single-story cottage style units with large private backyards located off of a quiet street comprised of mainly single family homes. Current rent of $33,741/month. Fully renovated units, and current ownership of over 20 years has consistently improved the property. Value-add potential by continuing the repositioning of the property to the preferences of tech employees. Each parcel can be sold individually providing a flexible exit strategy. Further, this asset is well positioned for potential redevelopment due to its size and location. Located 1.3 miles from Google's headquarters. Feeds into top ranked Los Altos High School. Great opportunity for both the cash flow and appreciation minded investor.
MLS ID:
ML81825574
Listed:
1/13/21
Updated:
3/7/21

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Laminate
Cooling
Ceiling Fan

Exterior/Building Features

Lot Size
0.78 acres lot
Exterior Features
Back Yard, Balcony / Patio, Fenced
Lot Details
Grade - Level
Roof
Shingle
Sewer
Sewer - Public

School Information

School District
Mountain View Whisman
High School
Los Altos High
Middle/Jr High
Crittenden Middle
Elementary School
Monta Loma Elementary

Other Property Details

Area Name
Thompson
HOA Amenities
Additional Storage
Attached Garage
Yes
Parking
Assigned Spaces, Carport, Covered Parking, Off-Street Parking, Parking Area, Uncovered Parking
County
Santa Clara
Utilities
Individual Electric Meters, Natural Gas, Public Utilities
Water Source
Public
Zoning
R3-25

 

Courtesy of Ismael Benhamida, Marcus & Millichap

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Data last updated 8:37 PM UTC, 3/7/21

 

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