Mountain View, CA 94040,366 Camille CT
Mountain View, CA 94040,366 Camille CT
Mountain View, CA 94040,366 Camille CT
Mountain View, CA 94040,366 Camille CT
Mountain View, CA 94040,366 Camille CT
Mountain View, CA 94040,366 Camille CT
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$4,825,000

$4,988,000

3.3%
Est.Price: ?

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Est. payment /mo

1 Bed

1 Bath

5,480 SqFt


SOLD DATE : 02/15/2022

Key Details

Sold Price $4,825,000

Property Type Commercial

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 5,480 sqft

Price per Sqft $880

MLS Listing ID ML81867150

Sold Date 02/15/22

Bedrooms 1

Full Baths 1

Year Built 1953

Lot Size 0.251 Acres

Property Description

Offering memorandum available. Pride of ownership 12-unit apartment complex with two six-unit buildings (366 & 372 Camille Ct) situated on one parcel with all updated one-bed/one-bath units with vaulted ceilings. Prestigiously located in the Cuesta Park neighborhood south of El Camino Real where homes are $1500+/SqFt. Walking distance to Downtown MV & Caltrain. Current monthly rent is $23,778. CAP Rate: 3.87% Current, 5.28% Proforma. GRM: 17.56 Current, 14.46 Proforma. 100% occupancy & collections. Current ownership of 13 years has consistently improved the property. All units have hardwood & slate floors, upgraded bathrooms & kitchens, & dual pane windows. New 50 year PVC roof in 2017, new carport in 2018, and pavement in 2019. Opportunity to add further value by adding in-unit laundry & private patios, renting out the large storage unit for additional income, and continuing the repositioning of the property to the high specification preferences of Silicon Valley technology employees.

Location

State CA

County Santa Clara

Area Miramonte

Zoning R3-1*

Rooms

Kitchen Countertop - Granite, Freezer, Oven Range - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Hardwood, Slate

Laundry Coin Operated

Exterior

Exterior Feature Fenced, Low Maintenance, Storage Shed / Structure

Parking Features Assigned Spaces, Carport , Covered Parking, Off-Street Parking, Parking Area, Uncovered Parking

Community Features Additional Storage

Utilities Available Public Utilities

Roof Type Polyurethane

Building

Lot Description Grade - Level

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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MLSListings Inc. (MLSListings)
Listed by Ismael Benhamida • Compass
Bought with Andy Kay • eXp Realty of California Inc
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