Multi-Family•High-Rise•For Sale

The Loft Apartments

380 Del Medio ave, Mountain View, California 94040

Sale Price $1,900,000
Sale Type Investment
Zoning RM2
Bldg Type Multi-Tenant
Class B
Year Built 2006
Year Renovated 2009
Stories 3
Cap Rate 11.58%
Vacancy 97%
Gross Bldg 202,581 SqFt
Land Area 10.34 Acres
Avail Parking 2/1000SqFt
Project Size 46
Net Op Inc $220,101
Market Bay Area Market
Sub-Market Silicon Valley
Loft Apartments are an attractive multifamily asset that consists of 15 large townhomes. Each of the units has an open floor plan of over 1,800 square feet with 3 bedrooms plus bonus room and 2.5 bathrooms. They boast granite countertops, stainless steel appliances, large pantry in the kitchen, Brazilian hardwood floors, gas fireplaces, and two car garages. Population within one mile of Loft Apartments is 13,943, growing to 187,146 within five miles of the property. Loft Apartments were built as a 15-unit, townhome-style condominium project in 2009. The property is conveniently located just 3 minutes from Sadie High School, 12 minutes from Downtown Lindberg, and a few blocks from the Polk Shopping Center. Price drastically reduced! New building with all new systems including HVAC, plumbing, electric, roof, interior build out, facade!! 86 feet of frontage! Perfect for doctors office, mortgage company or any office use. Can easily be converted to retail and tenant improvement dollars are available. Parking for 8-12 cars. Security System. Fully wired with CAT 5 cable. New facade. Shows very nice!! Across the street from Shopping Center Redevelopment. Approximately 1/2 mile to the Caltrain station. Minutes to different high profile companies. Easy access to all major freeways.
  • Newly Constructed Intimate Community
  • Steps away from Tigers Park
  • Outdoor Courtyard Area for Gathering
  • Convenient Access to I-5, Evergreen Highway
  • Walking Distance to the Grocery Store and Restaurants
  • Population within one mile of the Loft Apartments is 13,943
  • 12 minutes from Downtown Lindberg
  • Blocks from the Polk Shopping Center
  • Reduced Sale Price: $990,000
  • 2,500 – 5,400 rsf available
  • New building and all new systems!
  • Private parking for 8-12 cars
  • Perfect for retail or office
  • Beautiful interior with many upgrades
  • Fully wired for high-speed internet
  • Security system in place
  • Perfect for medical, mortgage, office
  • Tenant Improvement dollars available
  • Zoned B1-1
11/6/2018 10:40:20 PM 11/12/2018 9:32:45 PM
Kristopher Krisco
Commercial Partners


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