511 Walker Dr — Sale in Mountain View, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Mountain View, CA 94043
Photos
Investment Figures
- Cap rate
- 5.16%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present 511 Walker Drive, a 14-unit studio multifamily investment opportunity in Mountain View, California. The property features an attractive courtyard-style setting surrounded by mature landscaping, creating a private and inviting residential environment. Each unit is equipped with dual-pane windows and a dedicated patio or deck, while residents benefit from an on-site laundry facility and fourteen private storage cabinets. Parking is abundant for a property of this size, with nine reserved surface spaces, twelve covered carports, and one ADA-accessible space. The property offers significant rental upside as units turn and rents gradually adjust toward prevailing market levels in accordance with local regulations. Its efficient studio unit mix is well positioned to serve Mountain View’s deep renter base, including young professionals and technology workers seeking convenient access to major Silicon Valley employers, transportation, and neighborhood amenities. Mountain View’s technology-driven employment base and constrained housing supply continue to support strong long-term rental fundamentals. The property’s proximity to Downtown Mountain View, Castro Street, and Caltrain provides residents with convenient access to dining, shopping, entertainment, and regional transportation. OpenAI’s recent lease of the approximately 450,000-square-foot office campus at 350–380 Ellis Street, just over one mile from the property, further reinforces Mountain View’s position as a premier Silicon Valley employment hub and represents a meaningful new driver of nearby housing demand. Investment Highlights: • Prime Silicon Valley location within walking distance of Google HQ and Open AI's newly leased campus • Recent capital improvements and ongoing maintenance program since the seller's original acquisition • Exceptional schools – 8/10 elementary, 9/10 middle, and 10/10 high school ratings attract stable, family-oriented tenants • Fantastic connect
Market Context
This multifamily in Mountain View, CA is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Mountain View, CA — view the full market.
Contact
- Jimmy Castellanos · (650) 391-1777 · jcastellanos@marcusmillichap.com
Explore this market
Similar Multifamily Property for Sale in Mountain View, CA
- 239 Easy St — Contact for price · Mountain View, CA
- 527 Walker Dr — Contact for price · Mountain View, CA
- 941-943 Miramonte Ave — Contact for price · Mountain View, CA
- 933-935 Miramonte Ave — Contact for price · Mountain View, CA
- 937-939 Miramonte Ave — Contact for price · Mountain View, CA
- 945-947 Miramonte Ave — Contact for price · Mountain View, CA