Bought with Andy Kay • eXp Realty of California Inc
$4,600,000
$4,825,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
366 Camille CT Mountain View, CA 94040
1 Bed
1 Bath
5,480 SqFt
Key Details
Sold Price $4,600,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,480 sqft
Price per Sqft $839
MLS Listing ID ML81898099
Sold Date 08/18/22
Bedrooms 1
Full Baths 1
Year Built 1953
Lot Size 0.278 Acres
Property Sub-Type Five or More Units
Property Description
Seller sacrifice. Current owner has increased NOI over 8.5% in less than 5 months.Fantastic opportunity to own well maintained, upgraded units, core Silicon Valley location with clear path to upside. The Cuesta Park neighborhood is highly coveted as it is mostly residential yet walking distance to Caltrain Station, downtown Mt View all its services, hospitals and near all major Silcon Valley employers. Current ownership has established new market rents and has started the process of adding value/income by charging tenants $110/mo for utility use. Additionally Seller is in final stages of entitlement with City of Mt View to add a total of 9 extra bedrooms to property. This property offers savvy investor both solid cash flow now and value add appreciation opportunity all in the heart of Silicon Valley.
Location
State CA
County Santa Clara
Area Miramonte
Building/Complex Name Camille Gardens
Zoning R3-1*
Rooms
Kitchen Countertop - Granite, Oven Range, Oven Range - Gas, Refrigerator, Warming Drawer
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Slate
Laundry Coin Operated
Exterior
Exterior Feature Fenced, Low Maintenance, Storage Shed / Structure
Parking Features Carport , Off-Street Parking
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Polyurethane
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 193-06-037
Security Features None
Special Listing Condition Not Applicable
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