SFR Portfolio - 74 Devonshire Avenue, 590 Lambert Way & 500 Lambert

05-13-2022
05-13-2022

74 Devonshire Ave, Mountain View, CA 94043

  • Can Be Purchased Individually or As a Portfolio
  • Large Lots With Huge Improvement or Development Potential
  • Portfolio Yields a Gross Monthly Income of $17,630
  • Located One Mile From Mega Google Middlefield Park Development

Property Description

74 Devonshire Avenue, 590 Lambert Way & 500 Lambert Way are an outstanding income producing single-family home portfolio located in the North Whisman neighborhood. All three properties are adjacent to each other and are conveniently located near Highways’ 85 & 101 providing immediate access to the entire Bay Area. The properties are adjacent to Devonshire Park, and for those who love to hike, paved Hetch-Hetchy Trail at Whisman Road is right around the corner. This trail connects to Stevens Creek Trail, which provides direct access to both downtown Mountain View and the bay. Most notably, the properties are within a mile of the 40-acre Google Middlefield Park proposed development project, which is slated for 1,675 to 1,900 housing units, 1.32 million square feet of office space, up to 30-thousand square feet of ground-floor commercial (retail, restaurants, and services), and 10.15-arces of public parks and open space.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Single Family Rental Portfolio
Price
$ 4,340,000
No. of Units
6
Cap Rate
3%
GRM / GIM
20.51
Year Built
1938
Building Size
4,564 Sq ft
No. of Stories
1
Opportunity Zone
Off
Price per unit
$ 723,333
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37.403528, -122.058825

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