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@ Home 1313-1347 El Camino Real 24 Unit Apartment Building $9,025,380 CAD ($376,058 CAD/Unit) Mountain View, CA 94040
INVESTMENT HIGHLIGHTS
- Prime El Camino Real frontage in the heart of Mountain View
- Previously approved entitlements for a 24-unit mixed-use project (expired)
- Zoned CRA (Commercial/Residential Arterial) allowing mixed-use potential
- ±19,158 SF corner lot within the El Camino Real Precise Plan
- Opportunity for a developer to pursue new entitlements with the City
- High-visibility location with ±39,651 vehicles per day
EXECUTIVE SUMMARY
This prime development site is located along the highly desirable El Camino Real corridor in Mountain View, offering exceptional long-term upside in one of Silicon Valley’s strongest infill markets. The property previously held approved entitlements for a four-story mixed-use project consisting of 24 residential units with ground-floor commercial space; however, those entitlements have since expired. A future developer has the opportunity to re-engage with the City of Mountain View to pursue new development approvals and potentially re-entitle the site, benefiting from the City’s pro-housing policies and the established El Camino Real Precise Plan. With its high-visibility corner location, strong surrounding demographics, and proximity to major employment centers and transit, the property represents a compelling opportunity for developers seeking to create a high-quality residential or mixed-use project in a premier location.
PROPERTY FACTS
| Price | $9,025,380 CAD | Building Class | A |
| Price Per Unit | $376,058 CAD | Lot Size | 0.44 AC |
| Sale Type | Investment | Construction Status | Proposed |
| No. Units | 24 | Building Size | 34,172 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2028 |
| Apartment Style | Mid-Rise | ||
| Zoning | CRA - Commercial/Residential Arterial | ||
| Price | $9,025,380 CAD |
| Price Per Unit | $376,058 CAD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.44 AC |
| Construction Status | Proposed |
| Building Size | 34,172 SF |
| No. Stories | 4 |
| Year Built | 2028 |
| Zoning | CRA - Commercial/Residential Arterial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 24 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $3,929,329 CAD | Total Assessment | $3,929,329 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,929,329 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,929,329 CAD
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