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511 Walker Dr 14 Unit Apartment Building $5,552,650 CAD ($396,618 CAD/Unit) 5.16% 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
- Professionally managed by BT Properties
- Recent capital improvements and ongoing maintenance program since the seller’s original acquisition
- Fantastic connectivity with easy access to Hwy 85, Hwy 101, Hwy 237, and Castro Caltrain Station
Executive Summary
BCG Multifamily is excited to present this excellent investment opportunity in Mountain View, ideally located within walking distance of Google HQ and OpenAIs new Mountain View campus. 511 Walker Drive is a 14-unit multifamily property comprising approximately 6,048 square feet of building area on a massive 18,900-square-foot lot. The property features an attractive courtyard-style setting surrounded by mature landscaping, creating a private and inviting residential environment. The property features a 100% studio unit mix, with each unit offering dual-pane windows and a private patio or deck. Residents also 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 (22 total spaces). 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.
Property Facts
| Price | $5,552,650 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $396,618 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.16% | Building Size | 6,048 SF |
| Gross Rent Multiplier | 12.06 | Average Occupancy | 93% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 3.64/1,000 SF |
| Zoning | R31, Mountain View | ||
| Price | $5,552,650 CAD |
| Price Per Unit | $396,618 CAD |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| Gross Rent Multiplier | 12.06 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 6,048 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 3.64/1,000 SF |
| Zoning | R31, Mountain View |
Amenities
Unit Amenities
- Balcony
- Deck
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | $2,849 CAD | 450 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 160-04-014 | Improvements Assessment | $3,213,877 CAD |
| Land Assessment | $4,757,882 CAD | Total Assessment | $7,971,759 CAD |
Property Taxes
Parcel Number
160-04-014
Land Assessment
$4,757,882 CAD
Improvements Assessment
$3,213,877 CAD
Total Assessment
$7,971,759 CAD
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511 Walker Dr
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