2115 University Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2115 University Ave
2 Unit Apartment Building Offered at $2,142,137 CAD at a 2.46% Cap Rate in Mountain View, CA 94040
Investment Highlights
- (2) 1 Bed 1 bath separate cottage units.
- Tenants have designated carports and an in-unit washer/dryer.
- Less than two miles away from Downtown Mountain View.
Executive Summary
2115 University Ave, Mountain View, CA 94040 is a great investment and owner-user opportunity in the highly sought-after Santa Clara County. This well-maintained duplex is ideally located in the desirable Mountain View, offering a prime combination of location and rental demand.
The property features a versatile unit mix, consisting of two spacious 1-bedroom, 1-bath cottage units, each with designated parking and an in-unit washer/dryer. With approximately 1,112 square feet of living space on a 0.10-acre lot, this property presents an excellent opportunity for investors seeking consistent rental income or to live in one of the units while renting out the other.
What distinguishes 2115 University Ave is its prime location and unique layout. Situated off of El Camino Real, Highways 85, and 101, this property is a convenient choice for young professionals, ensuring strong tenant demand and minimal vacancies. The property’s layout of two separate 1 Bed 1 Bath cottages that provide the privacy factor, further increase its desirability.
Beyond its excellent layout, the location adds further value. The property is less than two miles from Downtown Mountain View and a short drive from the popular Shoreline Amphitheatre, a renowned venue for concerts and festivals. Mountain View is also home to major tech hubs, including Google, Microsoft, Amazon, Intuit, NASA, and Meta, making this property highly attractive to potential tenants and enhancing its investment appeal.
The property features a versatile unit mix, consisting of two spacious 1-bedroom, 1-bath cottage units, each with designated parking and an in-unit washer/dryer. With approximately 1,112 square feet of living space on a 0.10-acre lot, this property presents an excellent opportunity for investors seeking consistent rental income or to live in one of the units while renting out the other.
What distinguishes 2115 University Ave is its prime location and unique layout. Situated off of El Camino Real, Highways 85, and 101, this property is a convenient choice for young professionals, ensuring strong tenant demand and minimal vacancies. The property’s layout of two separate 1 Bed 1 Bath cottages that provide the privacy factor, further increase its desirability.
Beyond its excellent layout, the location adds further value. The property is less than two miles from Downtown Mountain View and a short drive from the popular Shoreline Amphitheatre, a renowned venue for concerts and festivals. Mountain View is also home to major tech hubs, including Google, Microsoft, Amazon, Intuit, NASA, and Meta, making this property highly attractive to potential tenants and enhancing its investment appeal.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$89,338
|
$80.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,680
|
$2.41
|
| Effective Gross Income |
$86,658
|
$77.93
|
| Taxes |
$24,710
|
$22.22
|
| Operating Expenses |
$9,333
|
$8.39
|
| Total Expenses |
$34,042
|
$30.61
|
| Net Operating Income |
$52,615
|
$47.32
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $89,338 |
| Annual Per SF | $80.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,680 |
| Annual Per SF | $2.41 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $86,658 |
| Annual Per SF | $77.93 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,710 |
| Annual Per SF | $22.22 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,333 |
| Annual Per SF | $8.39 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,042 |
| Annual Per SF | $30.61 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $52,615 |
| Annual Per SF | $47.32 |
Property Facts
| Price | $2,142,137 CAD | Property Type | Multifamily |
| Price Per Unit | $1,071,069 CAD | Building Size | 1,112 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 2.46% | No. Stories | 1 |
| Gross Rent Multiplier | 23.98 | Year Built | 1938 |
| No. Units | 2 |
| Price | $2,142,137 CAD |
| Price Per Unit | $1,071,069 CAD |
| Sale Type | Investment |
| Cap Rate | 2.46% |
| Gross Rent Multiplier | 23.98 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,112 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1938 |
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $3,758 CAD | - |
1 of 1
Walk Score ®
Very Walkable (76)
Bike Score ®
Biker's Paradise (95)
zoning
| Zoning Code | R1 |
| R1 |
-
Ray Rodriguez -
Tony Zizzo -
Compass Commercial
1 of 21
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2115 University Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.