296 Higdon Avenue

IN CONTRACT – Close of Escrow 3/14/2014 —

The subject property is located on a quiet culdesac in highly desirable Mountain View, California. The grounds consist of 9,130 square feet with 3,227 square feet of living space nestled amongst mature landscaping. The investment offers one four-unit building, an on-site laundry room, and one two-bedroom/on-bath house in front.

All four apartment units are one-bedroom/one-bath units measuring approximately 506 square feet a piece, and all of them have been completely redone with top of the line product. In all units you will find new tile, granite countertops, new copper plumbing, double pane windows, new cabinets, exterior paint and landscaping. Roughly $150,000 of upgrades were put into this property giving the lucky new owner a true turnkey investment.

Built in 1961 and completely renovated in 2013, 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 continuing rent growth and decreasing vacancy through 2014.