483 Mariposa Avenue

SOLD! – 4/18/2013 – 8-Units in Mountain View —

483 Mariposa Avenue is a two-story apartment building totaling
approximately 6,642 square feet of living space situated on a 13,325
square foot lot in beautful Mountain View, California.
The unit mix consists of one three-bedroom/two bathroom house in the
front, and seven two-bedroom/one bathroom apartment units in the
rear. The building lies on a clean concrete perimeter and is constructed
of wood framing with stucco exterior. For the tenant's convenience
there are eleven off-street parking spaces, eight of which are covered.
Each of the top-story units have walkout patios, that look-out on the
mature landscaping, which give it's tenants a quiet secluded feel. This
incredibly well-maintained property will give the new owner an
excellent turnkey investment opportunity with excellent upside rent
potential.
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%.