Property Overview:
1356 W Dana St is a single-story triplex located in a quiet, tree-lined neighborhood in Mountain View, CA, at the heart of Silicon Valley. The property includes three units:
- Two 1-bedroom, 1-bath units.
- One 2-bedroom, 1-bath unit.
Each unit has a separate address (1356, 1358, & 1360 W. Dana St), gas and electrical meters, and energy-efficient water heaters. The property offers investment potential as a rental or redevelopment opportunity.
Neighborhood Highlights:
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Prime Location:
- Walking distance to Castro Street, Shoreline Blvd, and public transportation.
- Close to downtown Mountain View, freeways, shopping, and major Silicon Valley employers.
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High Rental Demand:
- Located in an area with strong employment fundamentals and high-paying tech jobs.
- Among the highest rental rates in the San Francisco Bay Area.
Property Features:
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Well-Maintained:
- Sewer line updated in 2021.
- Roof replaced with upgraded materials in July 2023.
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Outdoor Amenities:
- Two units have fully fenced backyards with gates.
- Washer/dryer hookups on backyard porches.
- Landscaping with a sprinkler system.
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Parking:
- Alley access with two off-street parking spaces (suitable for RV/trailer parking).
- Additional street parking and gated parking area.
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Additional Features:
- Partial basement for plumbing/electrical access and extra storage.
Investment Appeal:
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Flexibility:
- Live in one unit and rent the other two, or rent all three units for full investment income.
- Two units are vacant, and the third is month-to-month.
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Value-Add Opportunity:
- Potential to renovate existing units or redevelop into a luxury single-family home.
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Affordability Gap:
- Significant difference between renting and owning in the area, making it attractive for investors.
Location Benefits:
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Convenient Access:
- Close to transit, freeways, and Silicon Valley tech companies.
- Ideal for commuters and professionals.
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High Demand Area:
- Located in a desirable neighborhood with strong rental demand and growth potential.