Beds
Baths
9,600 Sq. Ft.
$513 / Sq. Ft.
9,600
Sq. Ft.
$513
per Sq. Ft.

Description

Marcus & Millichap is excited to represent a rare and huge value-add opportunity in Downtown Mountain View, California. 775 Oak Street is a 16-Unit community in the Old Mountain View neighborhood of Mountain View. The subject property was constructed in 1961 and sits on a large 18,774 square foot lot (per county assessor) and offers a net rentable square footage of 9,600 square feet of living space (per county assessor). 775 Oak Street consists of 16-units, currently made up of a combination of two-bedroom...Marcus & Millichap is excited to represent a rare and huge value-add opportunity in Downtown Mountain View, California. 775 Oak Street is a 16-Unit community in the Old Mountain View neighborhood of Mountain View. The subject property was constructed in 1961 and sits on a large 18,774 square foot lot (per county assessor) and offers a net rentable square footage of 9,600 square feet of living space (per county assessor). 775 Oak Street consists of 16-units, currently made up of a combination of two-bedroom and a majority one-bedroom floor plans. The property is an attractive investment for investors given the potential upside in rents and the phenomenal Downtown location.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040

Property Details for 775 Oak Street

MLS City Name
MOUNTAIN VIEW
Building Type
Other
Complex Name
Rainbow Apartments
Garage Spaces
0
Parking Spaces
2
LISTING UPDATED: 05/11/2023 10:53 AM

Property Details for 775 Oak Street

StatusSold
MLS #ML81919135
Days on Compass1
Taxes$71,076 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.44 AC / 19,361 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152

Sold By Marcus & Millichap, Jimmy Castellanos, DRE #02024152

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Building Information for 775 Oak Street

Stories-Residences-Year Built1961Building Size-Lot Size0.44 AC / 19,361 SF

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$29,927 per month

30 year fixed, 6.15% Interest

Principal and Interest

$24,004

Property Taxes

$5,923

HOA Dues

$0

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Property Information for 775 Oak Street

Features
Features
  • Fireplace: No
  • Flooring: Laminate
  • Living SqFt: 9600
  • Pool: Yes
  • Pool Type: Pool - Fenced, Pool - In Ground
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 15
Garage
  • Garage and Parking: Covered Parking, On Street, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Building Name: Rainbow Apartments
  • Min Num Of Units in Complex: 16
  • Area Text: Downtown Mountain View
  • Restrictions: None
  • Roof: Foam
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 775
  • Street Name: Oak
  • Street Suffix: Street
  • Area ID: 207
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 9600
  • Structure SqFt Source: Assessor
  • Age: 62
Development Information
  • Zoning Detail: R3-1*
Location Information
  • Parcel Number: 158-07-027
  • County Name: Santa Clara
  • City Name: MOUNTAIN VIEW
  • City Postal ID: 41
  • Postal Code: 94041
  • Elementary School District: 465
  • High School District Text: Mountain View-Los Altos Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .44
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 16
General Information
  • Annual Tax Amount: $71,076
  • Capitalization Rate: 3.01
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $10,400
  • Expense Landscape: $2,400
  • Expense Maintenance: $8,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $7,825
  • Expenses Utility: $28,192
  • Expenses Total: $127,893
  • Operating Expenses Include: Fee - License/Advertising, Fee - Other Taxes, Fee - Property Tax, Insurance, Loan - Other, Maintenance - Repair, Services - Gardener, Utilities
  • Gross Rent Multiplier: 18.87
  • Income Annual Gross: $308,390
  • Income Annual Rental: $314,958
  • Income Gross Scheduled: $317,928
  • Income Other: $2,970
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,404
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,588
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Listing Info
Rental Info
  • Lease Type: Net

Property History for 775 Oak Street

DateEvent & SourcePriceAppreciation
May 11, 2023

Sold

MLSListings #ML81919135

$4,925,000
May 11, 2023

Sold

EBRD #ML81919135

$4,925,000
May 4, 2023

Sold (Public Record)

Public Record #1510661716

$4,925,000
Mar 16, 2023

Pending

EBRD #ML81919135

Mar 16, 2023

Pending

MLSListings #ML81919135

Feb 16, 2023

Temporarily Off Market

RESFAR #81919135

Feb 16, 2023

Listed (Active)

RESFAR #81919135

$6,000,000
Feb 16, 2023

Listed (Active)

EBRD #ML81919135

$6,000,000
Feb 16, 2023

Listed (Active)

MLSListings #ML81919135

$6,000,000
Nov 3, 2005

Sold

EBRD #ML80542528

$3,050,000
Nov 3, 2005

Sold

MLSListings #ML80542528

$3,050,000
Nov 3, 2005

Sold

RESFAR #80542528

$3,050,000
Aug 24, 2005

Pending

MLSListings #ML80542528

Aug 24, 2005

Pending

RESFAR #80542528

Aug 24, 2005

Pending

EBRD #ML80542528

Jul 27, 2005

Listed (Active)

RESFAR #80542528

$2,695,000
Jul 27, 2005

Listed (Active)

EBRD #ML80542528

$2,695,000
Jul 27, 2005

Listed (Active)

MLSListings #ML80542528

$2,695,000
DateEvent & SourcePrice
05/11/2023

Sold

MLSListings #ML81919135

$4,925,000
05/11/2023

Sold

EBRD #ML81919135

$4,925,000
05/04/2023

Sold (Public Record)

Public Record #1510661716

$4,925,000
03/16/2023

Pending

EBRD #ML81919135

03/16/2023

Pending

MLSListings #ML81919135

02/16/2023

Temporarily Off Market

RESFAR #81919135

02/16/2023

Listed (Active)

RESFAR #81919135

$6,000,000
02/16/2023

Listed (Active)

EBRD #ML81919135

$6,000,000
02/16/2023

Listed (Active)

MLSListings #ML81919135

$6,000,000
11/03/2005

Sold

EBRD #ML80542528

$3,050,000
11/03/2005

Sold

MLSListings #ML80542528

$3,050,000
11/03/2005

Sold

RESFAR #80542528

$3,050,000
08/24/2005

Pending

MLSListings #ML80542528

08/24/2005

Pending

RESFAR #80542528

08/24/2005

Pending

EBRD #ML80542528

07/27/2005

Listed (Active)

RESFAR #80542528

$2,695,000
07/27/2005

Listed (Active)

EBRD #ML80542528

$2,695,000
07/27/2005

Listed (Active)

MLSListings #ML80542528

$2,695,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 775 Oak Street

Taxable ValueLand$3,662,208Additions$1,479,339Total$5,141,547
Tax Record2025$61,433 ($5,119 / month)
Home Facts
Total Finished SqFt9,600 SqFtAbove Grade Finished SqFt9,600 SqFtStories2Lot Size18,774 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningR3-1*CountySANTA CLARAAPN158-07-027Fireplace TypeHas Fireplace

Schools near 775 Oak Street

This home is within Mountain View Whisman School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Edith Landels Elementary School
PublicK to 5

Isaac Newton Graham Middle School
Public6 to 8

Mountain View High School
Public9 to 12

Gabriela Mistral Elementary
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.