Press Releases
Marcus & Millichap Arranges $6.85M Sale of 19-Unit Multifamily Property in Mountain View, California
July 14, 2026
MOUNTAIN VIEW, Calif., July 14, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 190 Evandale Ave., a 19-unit multifamily property located in Mountain View, California. The property sold for $6.85 million, or $360,526 per unit.
“The transaction featured significant seller financing, allowing the parties to bridge today’s higher interest rate environment while achieving a successful outcome for both sides,” said Mitchell Zurich, senior managing director investments.
Zurich and Matthew Gerry, investment specialists in Marcus & Millichap’s Palo Alto office, represented the seller, a long-term owner and private client, and procured the buyer, a local investment group and repeat client.
“We remain optimistic about the market,” Zurich added. “Demand for well-located multifamily assets continues to be strong, and the property’s proximity to OpenAI’s new campus positions it well for rent growth and appreciation. The buyer plans to renovate the property and continue improving the asset over time.”
Built in 1963, the 19,290-square-foot property is situated on a 0.73-acre parcel at 190 Evandale Ave. in Mountain View. The community consists of five buildings, including four fourplex structures and one triplex, totaling 19 two-bedroom, two-bath units. Each building features carport parking and a shared laundry room for tenants. The property is near major technology employers, public transportation, shopping and dining.
“The transaction featured significant seller financing, allowing the parties to bridge today’s higher interest rate environment while achieving a successful outcome for both sides,” said Mitchell Zurich, senior managing director investments.
Zurich and Matthew Gerry, investment specialists in Marcus & Millichap’s Palo Alto office, represented the seller, a long-term owner and private client, and procured the buyer, a local investment group and repeat client.
“We remain optimistic about the market,” Zurich added. “Demand for well-located multifamily assets continues to be strong, and the property’s proximity to OpenAI’s new campus positions it well for rent growth and appreciation. The buyer plans to renovate the property and continue improving the asset over time.”
Built in 1963, the 19,290-square-foot property is situated on a 0.73-acre parcel at 190 Evandale Ave. in Mountain View. The community consists of five buildings, including four fourplex structures and one triplex, totaling 19 two-bedroom, two-bath units. Each building features carport parking and a shared laundry room for tenants. The property is near major technology employers, public transportation, shopping and dining.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
