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Cloverdale Apartments 527 Walker Dr 17 Unit Apartment Building $7,995,237 CAD ($470,308 CAD/Unit) 4.87% Cap Rate Mountain View, CA 94043
Investment Highlights
- Prime Silicon Valley location within walking distance of Google HQ and Open AI’s newly leased campus
- Exceptional schools – 8/10 elementary, 9/10 middle, and 10/10 high school ratings attract stable, family-oriented tenants
- Fantastic connectivity with easy access to Hwy 101, Hwy 237, and Castro Caltrain Station
- Recent capital improvements and ongoing maintenance program since the seller’s original acquisition
- Long-term appreciation potential – tech sector growth and limited housing supply support continued property and rent growth
- Professionally managed by BT Properties
Executive Summary
BCG Multifamily is excited to present this excellent investment opportunity in Mountain View, ideally located within walking distance of Google HQ and OpenAI's new Mountain View campus. 527 Walker Drive is a 17-unit multifamily property comprising approximately 11,618 square feet of building area on a 16,800-square-foot lot, offering meaningful scale in one of Silicon Valleys most desirable rental markets. The property offers a garden-style setting with a mix of one- and two-bedroom units, private balconies, covered parking, on-site laundry, and resident storage. Ideally located near major employment centers, Downtown Mountain View, Castro Street, and Caltrain, the property offers residents convenient access to the amenities, transportation, and employment opportunities that make Mountain View one of Silicon Valleys most desirable communities. The combination of scale, desirable unit mix, resident amenities, and a highly sought-after location creates an attractive investment opportunity for investors seeking a well-located multifamily asset in the heart of Silicon Valley.
Mountain View's concentrated technology employment base and constrained housing inventory support strong rental fundamentals and consistent appreciation. OpenAI's recent 450,000-square-foot office campus lease nearby reinforces the city's position as a premier artificial intelligence and technology hub, sustaining workforce growth and rental demand. Combined with meaningful rental upside and long-term employment-driven appreciation, 527 Walker Drive is well-positioned to deliver attractive risk-adjusted returns for value-add investors.
Mountain View's concentrated technology employment base and constrained housing inventory support strong rental fundamentals and consistent appreciation. OpenAI's recent 450,000-square-foot office campus lease nearby reinforces the city's position as a premier artificial intelligence and technology hub, sustaining workforce growth and rental demand. Combined with meaningful rental upside and long-term employment-driven appreciation, 527 Walker Drive is well-positioned to deliver attractive risk-adjusted returns for value-add investors.
Property Facts
| Price | $7,995,237 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $470,308 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 4.87% | Building Size | 11,652 SF |
| Gross Rent Multiplier | 12.19 | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Zoning | R31, Mountain View | ||
| Price | $7,995,237 CAD |
| Price Per Unit | $470,308 CAD |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| Gross Rent Multiplier | 12.19 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 11,652 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | R31, Mountain View |
Amenities
Unit Amenities
- Balcony
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $3,299 CAD | 646 |
| 2+1 | 5 | $2,962 CAD | 780 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 160-04-012 | Improvements Assessment | $2,751,399 CAD |
| Land Assessment | $1,281,226 CAD | Total Assessment | $4,032,625 CAD |
Property Taxes
Parcel Number
160-04-012
Land Assessment
$1,281,226 CAD
Improvements Assessment
$2,751,399 CAD
Total Assessment
$4,032,625 CAD
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Cloverdale Apartments | 527 Walker Dr
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