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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Eric Katz, DRE #01900078 • Magnify Real Estate

$ 15,250,000

Est. payment | -/mo

3 Beds

3 Baths

23,827 SqFt

Save

$ 15,250,000

Est. payment | -/mo

Save

3 Beds

3 Baths

23,827 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 23,827 sqft

Price per Sqft $640

MLS Listing ID ML82065880

Bedrooms 3

Full Baths 3

Year Built 1959

Lot Size 1.446 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

The Mayfield Apartments: 40-unit garden community on 1.45 acres in north Mountain View, bordered by Google's X campus and a 2-minute walk to San Antonio Caltrain. Assumable $8.6M loan at 3.50% fixed to 6/2028. Four 2-story buildings (1959/60) hold 6 studios, 28 one-bedrooms and 6 two-bedrooms around landscaped courtyards and a pool. Private fenced yards at 20 units, vaulted ceilings in 20, LVP floors in 29, dishwashers in 16. New 125-amp subpanels in all 40 units (2026), new wall furnaces in 24, exterior paint and carport roofs 2024. 3 laundry rooms, 5 storage rooms, 53 parking spaces, on-site manager. 95% occupied. Current NOI $833,368 = 5.5% cap / 11.8 GRM; in-place rents 14.6% below market for 6.6% pro forma cap. Four separate APNs. Minutes to Google, Intuit, Microsoft, NASA Ames, Stanford and US-101. Do not disturb residents; open house Wed 10/28, 10 AM-3 PM; other tours by appointment with listing agent.

Location

State CA

County Santa Clara

Area Thompson

Zoning R3-1H

Rooms

Kitchen Appliances - Vary by Unit

Interior

Heating Wall Furnace

Cooling None

Flooring Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Carport , Covered Parking, Lighted Parking Area, Uncovered Parking

Garage Spaces 13.0

Pool Pool - Fenced, Pool - In Ground

Utilities Available Individual Electric Meters, Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 147-09-033

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

2483-2491 Whitney DR Mountain View, CA 94043