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    499-511 Thompson Ave

    Mountain View, CA 94043
    • $7,750,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: ML81825574
    UPDATED: 37 min ago
    $7,750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,656
      SQFT
    • $895
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Description

    Offering memorandum available. The North Thompson Cottages (499, 505, and 511 Thompson Avenue) is a wonderful 12-unit apartment portfolio, consisting of three fourplexes on contiguous parcels with a total lot size of 33,997 SqFt. (0.78 acres). Twelve 2-bed/1-bath units totaling 8,656 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 $33,741/month. Fully renovated units, and current ownership of over 20 years has consistently improved the property. Value-add potential by continuing the repositioning of the property to the preferences of tech employees. Each parcel can be sold individually providing a flexible exit strategy. Further, this asset is well positioned for potential redevelopment due to its size and location. Located 1.3 miles from Google's headquarters. Feeds into top ranked Los Altos High School. Great opportunity for both the cash flow and appreciation minded investor.

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    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-28T10:49:07.207. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

    Licensed in the State of California.
    www.dominicnicoli.com/homes/113236324
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    499-511 Thompson Ave Mountain View, CA 94043

    • Price: $7,750,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: ML81825574
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,656
    SQFT
    $895
    $/SQFT
    1963
    Built
    Neighborhood:
    Thompson
    County:
    Santa Clara
    Area:
    Thompson
    Property Description
    Offering memorandum available. The North Thompson Cottages (499, 505, and 511 Thompson Avenue) is a wonderful 12-unit apartment portfolio, consisting of three fourplexes on contiguous parcels with a total lot size of 33,997 SqFt. (0.78 acres). Twelve 2-bed/1-bath units totaling 8,656 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 $33,741/month. Fully renovated units, and current ownership of over 20 years has consistently improved the property. Value-add potential by continuing the repositioning of the property to the preferences of tech employees. Each parcel can be sold individually providing a flexible exit strategy. Further, this asset is well positioned for potential redevelopment due to its size and location. Located 1.3 miles from Google's headquarters. Feeds into top ranked Los Altos High School. Great opportunity for both the cash flow and appreciation minded investor.
    Exterior Features

    Construction Type Wood Frame Foundation Concrete Perimeter Garage Parking Assigned SpacesCarportCovered ParkingOff-Street ParkingParking AreaUncovered Parking Lot Description Grade - Level Number Of Buildings 3 Pool YN No Roof Shingle Units In Complex Min 12 Yard Grounds Back YardBalcony / PatioFenced

    Interior Features

    Additional Rooms Laundry RoomStorage Beds Unit1 2 Cooling Ceiling Fan Flooring Laminate Heating GasWall Furnace Kitchen Features DishwasherGarbage DisposalMicrowaveOven Range - ElectricRefrigerator Laundry Coin Operated Structure Sq Ft 8656

    Property Features

    Accessibility Features None Additional Listing Info Not Applicable City Limits Yes City Name Mountain View Community Name Thompson Cottages Cross Street Alvin Street Energy Saving Features Double Pane Windows Hoa Amenities Additional Storage Hoa YN No Incorporated Yes Lot Size Area Maximum 33997.00 Meters Master GasMaster WaterSeparate Electric Rent Unit1 2104 Security Features Fire System - Suppression Sewer Septic Sewer - Public Sq Ft Source Other Utilities Individual Electric MetersNatural GasPublic Utilities Water Public Zoning R3-25

    © 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Ismael Benhamida of Marcus & Millichap.


    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-28T10:49:07.207. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

    Licensed in the State of California.
     
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    Los Altos CA, 94022