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1107 High School Way

5 Unit Block of Flats £2,791,152 (£558,230/Unit) Mountain View, CA 94041

Investment Highlights

  • Complete remodel of all units in 2023
  • Excellent AirBnB opportunity
  • Walking distance to Castro Street

Executive Summary

Prime investment opportunity! All 5 units have been fully renovated. Walking distance to Castro Street. Perfect for long-term tenants or AirBnb. Current Unit mix -Unit 1 Single Family home 3bed/2bath @ 1,335SF. Unit 2 - 2bed/2bath 655SF Units 3-5 - 1bed/1bath 540SF. All units have in-unit laundry, new HVAC, completely new interiors, new plumbing, new sewer lateral, and more. Contact David Giambruno directly 408-202-4210. One long term tenant in the 2/2 unit, all other units are currently being used for AirBnb.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £221,898 £59.84
Other Income - -
Vacancy Loss £10,568 £2.85
Effective Gross Income £211,330 £56.99
Taxes £32,407 £8.74
Operating Expenses £23,719 £6.40
Total Expenses £56,125 £15.14
Net Operating Income £155,204 £41.86

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £221,898
Annual Per SF £59.84
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £10,568
Annual Per SF £2.85
Effective Gross Income
Annual £211,330
Annual Per SF £56.99
Taxes
Annual £32,407
Annual Per SF £8.74
Operating Expenses
Annual £23,719
Annual Per SF £6.40
Total Expenses
Annual £56,125
Annual Per SF £15.14
Net Operating Income
Annual £155,204
Annual Per SF £41.86

Property Facts

Price £2,791,152
Price Per Unit £558,230
Sale Type Investment
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 3,708 SF
Average Occupancy 95%
Number of Floors 2
Year Built/Renovated 1961/2023
Parking Ratio 0.8/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Heating
  • Ceiling Fans
  • Double Pane Windows

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 3 £1,954 520 - 540
2+2 1 £2,792 655
3+2 1 £3,988 1,335
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
158-07-006
Land Assessment
£1,256,377 (2023)
Improvements Assessment
£578,332 (2023)
Total Assessment
£1,834,710 (2023)
Annual Taxes
£32,407 (£8.74/sf)
Tax Year
2024

zoning

Zoning Code R1, Mountain View
R1, Mountain View
  • Listing ID: 31356388

  • Date on Market: 28/03/2024

  • Last Updated:

  • Address: 1107 High School Way, Mountain View, CA 94041

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