366 Camille CT, Mountain View, CA 94040
- $4,825,000
- 5,480
- SqFt
- Sold Price
- $4,825,000
- List Price
- $4,988,000
- Closing Date
- Feb 15, 2022
- MLS#
- ML81867150
- Status
- SOLD
- Property Type
- com
- Sqft. of Residence
- 5,480
- Lot Size
- 10,920
- Listing Area
- Miramonte
- Year Built
- 1953
Property Description
Offering memorandum available. Pride of ownership 12-unit apartment complex with two six-unit buildings (366 & 372 Camille Ct) situated on one parcel with all updated one-bed/one-bath units with vaulted ceilings. Prestigiously located in the Cuesta Park neighborhood south of El Camino Real where homes are $1500+/SqFt. Walking distance to Downtown MV & Caltrain. Current monthly rent is $23,778. CAP Rate: 3.87% Current, 5.28% Proforma. GRM: 17.56 Current, 14.46 Proforma. 100% occupancy & collections. Current ownership of 13 years has consistently improved the property. All units have hardwood & slate floors, upgraded bathrooms & kitchens, & dual pane windows. New 50 year PVC roof in 2017, new carport in 2018, and pavement in 2019. Opportunity to add further value by adding in-unit laundry & private patios, renting out the large storage unit for additional income, and continuing the repositioning of the property to the high specification preferences of Silicon Valley technology employees.
Additional Information
- Acres
- 0.25
- Age
- 68
- Amenities
- High Ceiling, Open Beam Ceiling, Vaulted Ceiling
- Cooling System
- Ceiling Fan
- Energy Features
- Tankless Water Heater
- Floor Covering
- Hardwood, Slate
- Foundation
- Concrete Perimeter
- Garage Parking
- Assigned Spaces, Carport, Covered Parking, Off-Street Parking, Parking Area, Uncovered Parking
- Heating System
- Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 5,480
- Lot Description
- Grade - Level
- Lot Size
- 10,920
- Neighborhood
- Miramonte
- Other Utilities
- Public Utilities
- Roof
- Polyurethane
- Sewer
- Sewer - Public
- Special Features
- None
- Unincorporated Yn
- Yes
- Zoning
- R3-1*
Mortgage Calculator
Listing courtesy of Ismael Benhamida from Compass. 408-373-6195
Selling Office: EXPCA.
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