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El Markay Apartment 239 Easy St 14 Unit Apartment Building $7,725,845 CAD ($551,846 CAD/Unit) 5.25% Cap Rate Mountain View, CA 94043
Investment Highlights
- Prime Silicon Valley location within walking distance of Google HQ and OpenAI’s newly leased campus
- Long-term appreciation potential – tech sector growth and limited housing supply support continued property and rent growth
- Turn-key property is positioned to generate reliable income and capitalize on the region’s strong rental growth
- Fantastic connectivity with easy access to Hwy 85, Hwy 101, Hwy 237, and Castro Caltrain Station
Executive Summary
Turn-key investment walking distance to Google HQ and OpenAI's new Mountain View campus. 239 Easy Street, a 14-unit multifamily investment opportunity in Mountain View, California. The property features an attractive garden-style setting surrounded by professionally designed, drought-resistant landscaping, creating a private and institutional-quality living environment. Each unit features dual-pane windows, renovated kitchens and bathrooms, and private balconies. The property also offers a private on-site laundry facility, individual EV charging stations, and dedicated storage within each covered parking space. Parking is abundant for a property of this size, with nine reserved surface spaces and fourteen covered carports.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$617,237
|
$28.70
|
| Other Income |
$4,768
|
$0.22
|
| Vacancy Loss |
$18,517
|
$0.86
|
| Effective Gross Income |
$603,488
|
$28.06
|
| Taxes |
$89,310
|
$4.15
|
| Operating Expenses |
$108,883
|
$5.06
|
| Total Expenses |
$198,193
|
$9.21
|
| Net Operating Income |
$405,295
|
$18.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $617,237 |
| Annual Per SF | $28.70 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,768 |
| Annual Per SF | $0.22 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $18,517 |
| Annual Per SF | $0.86 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $603,488 |
| Annual Per SF | $28.06 |
| Taxes (CAD) | |
|---|---|
| Annual | $89,310 |
| Annual Per SF | $4.15 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $108,883 |
| Annual Per SF | $5.06 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $198,193 |
| Annual Per SF | $9.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $405,295 |
| Annual Per SF | $18.84 |
Property Facts
| Price | $7,725,845 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $551,846 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.25% | Building Size | 9,971 SF |
| Gross Rent Multiplier | 12.52 | Average Occupancy | 93% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 2.31/1,000 SF |
| Zoning | R31 | ||
| Price | $7,725,845 CAD |
| Price Per Unit | $551,846 CAD |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| Gross Rent Multiplier | 12.52 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 9,971 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | R31 |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
- Car Charging Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 850 |
| 1+1 | 2 | - | 650 |
| Studios | 6 | - | 450 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 160-32-018 | Total Assessment | $1,429,348 CAD (2026) |
| Land Assessment | $380,801 CAD (2026) | Annual Taxes | $89,310 CAD ($8.96 CAD/SF) |
| Improvements Assessment | $1,048,547 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
160-32-018
Land Assessment
$380,801 CAD (2026)
Improvements Assessment
$1,048,547 CAD (2026)
Total Assessment
$1,429,348 CAD (2026)
Annual Taxes
$89,310 CAD ($8.96 CAD/SF)
Tax Year
2025
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El Markay Apartment | 239 Easy St
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