12 Units: (8) 1BD/1BA units; (4) 2BD/1BA units
9 units upgraded with newer kitchens, baths, flooring, and paint
Upside rent potential!
Current rents: $1,650–$2,200/month ($253,620 annually)
Market Rents: $2,100–$2,300 (1BD), $2,400–$2,700 (2BD)
No municipal rent control (CA state rent control only)
Prime Silicon Valley location near Apple, Facebook, LinkedIn, Google, Intel, NVIDIA
Current: 4.96% cap rate, 12.3 GRM | Pro forma: 6.69% cap rate, 9.94 GRM
Priced at $262,500/unit vs. $348,253/unit market average
List Price: $3,150,000