Monday, December 17, 2007
Just Sold - 8 Units Mountain View
Recent sale worthy of note:
433 Ortega Avenue, Mountain View, CA
Sales price $1,620,000
$263 per square foot
Cap Rate 4.2% - if you really believe the expenses!
Unit mix: one 3/2, one 2/1 and six 1/1's
Strong location in Mountain View near Palo Alto and Los Altos. Built in 1962 on a 11,760 square foot lot.
This deal probably took 40+% down payment to break even.
Any comments fellow investors?