662 Mariposa Avenue

SOLD! – 1/9/2014 – 9-Units in Mountain View —

662 Mariposa Avenue is a beautifully renovated two-story apartment building totaling approximately 4,918 square feet
of living space situated on a 10,489 square foot lot in highly desirable Mountain View, California.
The unit mix consists of one two-bedroom/one bathroom unit, seven one-bedroom/one bathroom apartment units, and
one studio. The building lies on a clean concrete perimeter foundation with asphalt driveway and is constructed of wood
framing with stucco exterior. The thirty-year roof was installed just twelve years ago and is in exceptional shape. Eight
of the nine units have new double-pane windows, copper plumbing, tile flooring and granite countertops.
For the tenant's convenience there are nine off-street and covered parking spaces as well as an on-site coin operated
laundry facility. Two of the rear units have fenced-in back patios, and all units look-out on the mature landscaping,
which give its tenants a quiet secluded feel. This incredibly well-maintained property will give the new owner an excellent
turnkey investment opportunity with minimal maintenance.
The property is located in close proximity to Google Campus, and all other major employment hubs via Highway 101 &
280. Additionally, Mountain View's low housing affordability coupled with increasing jobs, should yield higher rent
growth, and decreasing vacancy to under an estimated 3% by the end of 2014.