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Coming Soon:   3 Units, Large Lot, 1 block to Google

 

42 Sherland Ave,  Mountain View represents a stable investment opportunity in a thriving housing market, or a chance for a new home owner to live onsite while earning extra income!

  

Unit 1: 923 Sq Ft  2Bd, 1Ba, Attached Garage 

Unit 2: 1016 Sq Ft  2Bd, 1Ba, Attached Garage

Unit 3: 1242 Sq Ft  3Bd, 2Ba, Car Port

14,835 Sq Ft Lot | 3181 Sq Ft

Excellent Location – First Time on the market in over 60 years!   Great investment opportunity in the highly sought after Wagon Wheel district, located one block from Google.  3 Spacious Units consist of a duplex; large 3bd/2ba Unit and 2bd/1ba Unit, and a free standing 2bd/1ba Unit on an over-sized 14,835 Sq Ft lot.    Three Units / two buildings exempts it from rent control (buyer to verify).  Enjoy convenient access to major freeways, downtown Mt. View, excellently rated schools and quick commutes to top Silicon Valley employers.  The buildings have been well cared for and enjoy individual large private yards, attached garages and indoor laundry.  Live in the 3bd/2ba unit recently updated with a new kitchen, windows, floors, paint, fixtures and updated bathrooms.  Rent out the 2bd/1ba units recently updated with floors, windows, paint and fixtures. OR… Rent out all three and generate upwards of $12K a month in cashflow.  This property is perfect for an owner occupied with in-law unit or investor.  Don’t miss this rare opportunity to have a prime place to live AND put your money to work for you.

  • Large fenced in backyards ready for your vegetable garden, kids play structure, fire pit...it's a blank canvas to create your dream outdoor setting

  • Sought after Mt. View Schools - Frank L. Huff Elementary and Mountain View High School both boast a 9 out of 10 great schools rating

  • Each unit has parking + 2 guests parking spaces off street

  • Quiet and private with convenient access to town, freeways and public transit

  • Hike or ride the Hetch Hetchy Trail that runs along the backyard and connects to shoreline and Stevens Creek Trail

The property is currently zones R2 and qualifies for the city of Mountain View's design guidelines for Small Lot Single Family Residences (linked below). The current rent potential is estimated at approx. $12,000 / month. The estimated value of the qualified development potential is $6.6 million. All numbers are estimates and opinions of the listing broker supported by comps in the area under current market conditions.

Details:

  • The lot size and dimensions qualify for the development of 3 single family residences

    under the following guidelines.

  • The floor area ratio (FAR) @ .45 allows for 6,675.50 Sq  Ft of development (2,225.25 Sq Ft

    per home).

  • The lot is less than 1 acre and does not require common areas.

  • Each building's foot print can be as much as 1,730 Sq Ft

  • The max building height is 30', each house can have a 2nd story.

  • 2.5 parking spaces required for each unit. (There is ample space to accomplish this)

  • 30% of the lot can be paved for dedicated automobile use (4,450 Sq Ft).

  • A conditional use permit (CUP) may be approved for a townhome or condo project

    containing more units. (Typically 18-33 units / acre, subject to the planning department of Mountain View Approval).

 Map - Location

Listing Broker

Owner occupied, do NOT disturb, all units will be vacant by April 30th and if no off market deal is obtained we plan to be on tour May 17th. 

For more information and showings please contact us