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    505 Thompson Avenue

    Mountain View, CA 94043
    • $2,525,000
    • STATUS: Active
    • ON SITE: 117 days
    • ID#: ML81825570
    $2,525,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,896
      SQFT
    • $872
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Offering memorandum available. Part of a portfolio of six fourplexes. Wonderful Mountain View fourplex that sits on a large 9,373 sq.ft. lot and includes four 2-bed/1-bath units with a total living area of 2,896 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 $10,339/month. Fully renovated units, and current ownership of over 20 years has consistently improved and maintained the property. Opportunity to add further value by repositioning the property to the preferences of Silicon Valley tech employees. Core location 1.3 miles from Google's headquarters. One block to Safeway and restaurants. Feeds into top ranked Los Altos High School. The great location, large lot, renovated units, excellent schools, proximity to Silicon Valley employers, and value-add potential make 505 Thompson Ave. a great opportunity for both the cash flow and appreciation minded investor.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T00:35:05.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
    www.myorangecountyhomesearcher.com/homes/113302373
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    505 Thompson Avenue Mountain View, CA 94043

    • Price: $2,525,000
    • Status: Active
    • ID#: ML81825570
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,896
    SQFT
    $872
    $/SQFT
    1963
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Santa Clara
    Area:
    699 - Not Defined
    Property Description
    Offering memorandum available. Part of a portfolio of six fourplexes. Wonderful Mountain View fourplex that sits on a large 9,373 sq.ft. lot and includes four 2-bed/1-bath units with a total living area of 2,896 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 $10,339/month. Fully renovated units, and current ownership of over 20 years has consistently improved and maintained the property. Opportunity to add further value by repositioning the property to the preferences of Silicon Valley tech employees. Core location 1.3 miles from Google's headquarters. One block to Safeway and restaurants. Feeds into top ranked Los Altos High School. The great location, large lot, renovated units, excellent schools, proximity to Silicon Valley employers, and value-add potential make 505 Thompson Ave. a great opportunity for both the cash flow and appreciation minded investor.
    Exterior Features

    Architectural Style Patio Home Carport Spaces 4 Carport YN Yes Foundation Details Concrete Perimeter Lot Features Back YardNear Public Transit Parking Features Attached CarportAssignedCoveredCarportOff StreetOne SpaceOn StreetUncovered Parking Total 4 Roof Asbestos ShingleShingle

    Interior Features

    Accessibility Features None Appliances DishwasherElectric RangeDisposalIndoor GrillMicrowaveRefrigerator Flooring LaminateWood Heating Natural GasWall Furnace Heating YN Yes Window Features Double Pane Windows

    Property Features

    Cap Rate 3.06 Garage YN No Gross Scheduled Income 125195 Insurance Expense 1358 Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeTrade Maintenance Expense 2000 Special Listing Conditions Standard Trash Expense 2198 Utilities Natural Gas Available Zoning R3-2.5

    Listing provided courtesy of Ismael Benhamida of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T00:35:05.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
     
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