Two adjacent lots, 1327 Villa St & 216 Mountain View Ave for are sale consisting of 3 buildings on a total land area of about 14,500 sq. ft. with R3 zoning at a prime location directly across the street in front of the Google campus on Villa St. At 1327 Villa St is a 9-unit abandoned apartment building (condemned). At 216 Mountain View Ave are a triplex and a single family residence both grossing about $8,500 a month on short term rents. Three units are on Airbnb and the house is on a 1 year lease due in August 2021. They now have R3 zoning where you can build about 15k SF of condos or 1.05 FAR. Moving forward, the City of Mountain View will be UPZONING R3 expected to be completed by mid-2022. Once passed, building 10 to 15 units and 20,000 SF over three stories would be possible. The two lots can be purchased for $5m or 1327 Villa Street can be purchased separately for $2.5m. Pictures and floor plans are attached with a zoning memo and preliminary architectural renderings.
|--||New Value: $2,500,000|
|4/27/2021 11:02:00 AM||New Value: $2,500,000|