38
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$15,250,000
Est. payment /mo
1.45 Acres Lot
New
24832491 Whitney DR Mountain View, CA 94043
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82065880
HOA Y/N No
Year Built 1959
Annual Tax Amount $182,144
Lot Size 1.446 Acres
Property Description
The Mayfield Apartments: 40-unit garden community on 1.45 acres in north Mountain View, bordered by Google's X campus and a 2-minute walk to San Antonio Caltrain. Assumable $8.6M loan at 3.50% fixed to 6/2028. Four 2-story buildings (1959/60) hold 6 studios, 28 one-bedrooms and 6 two-bedrooms around landscaped courtyards and a pool. Private fenced yards at 20 units, vaulted ceilings in 20, LVP floors in 29, dishwashers in 16. New 125-amp subpanels in all 40 units (2026), new wall furnaces in 24, exterior paint and carport roofs 2024. 3 laundry rooms, 5 storage rooms, 53 parking spaces, on-site manager. 95% occupied. Current NOI $833,368 = 5.5% cap / 11.8 GRM; in-place rents 14.6% below market for 6.6% pro forma cap. Four separate APNs. Minutes to Google, Intuit, Microsoft, NASA Ames, Stanford and US-101. Do not disturb residents; open house Wed 10/28, 10 AM-3 PM; other tours by appointment with listing agent.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3-1H
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 20
Roof Type Composition
Total Parking Spaces 13
Building
Water Public
Schools
School District Other
Others
Tax ID 14709033
Security Features Security Lights
Special Listing Condition Standard
Listed by Eric Katz Magnify Real Estate #01900078
NEARBY SCHOOL & BUSINESS
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