620 Alamo Ct, Mountain View, CA 94043

$11,925,000
19,318
SqFt
List Price
$11,925,000
MLS#
ML81873808
Status
ACTIVE
Sqft. of Residence
19,318
Lot Size
40,807
Listing Area
Whisman
Year Built
1974

Property Description

Alamo Park Apartments is a stunning 25-unit, value add and development opportunity located in the thriving city of Mountain View, Ca. The subject property is located in the heart of Mountain View and is well positioned for Signifiant added value through redevelopment. The current zoning of R3-1 allows for a maximum of 30 single family homes to be built upon approval from the city*. Alternatively, the subject property is also available for a potential condo conversion*. Alamo Park Apartments allows the investor to operate the property in the interim as apartments for cash ow while simultaneously taking the property through the process of getting approval for 8 potential tuck under Accessory Dwelling Units (ADUs). This asset has the potential to build ADUs within an existing structure during mandatory seismic retrofitting*. This may also allow the property to exceed residential density limits allowing for greater cash flow.

Additional Information

Acres
0.9368
Age
48
Building Name
Alamo Park Apartments
Cooling System
Ceiling Fan
Foundation
Concrete Perimeter
Garage Parking
Assigned Spaces, Carport
Heating System
Wall Furnace
Living Area
19,318
Lot Size
40,807
Neighborhood
Whisman
Other Utilities
Individual Electric Meters, Individual Gas Meters
Pool Description
Pool - Fenced, Pool - In Ground
Roof
Rolled Composition
Sewer
Sewer Connected
Special Features
Other
Unincorporated Yn
Yes
Zoning
R3-1*

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Adam S. Levin from Marcus & Millichap

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