Investment Overview

Marcus & Millichap is pleased to present 470 Del Medio Avenue, a well-maintained 10-unit multifamily community located in the heart of Mountain View, one of Silicon Valley’s most supply-constrained and consistently high-performing rental submarkets. Constructed in 1957, the property consists of ten spacious one-bedroom, one-bathroom units totaling approximately 5,800 rentable square feet, situated on a generous 9,750 square foot corner parcel. The property offers designated tuck-under carport parking, a thoughtfully landscaped setting with mature greenery and vibrant flowers and has benefited from over $300,000 in recent electrical capital improvements, including a new 400-amp main switchboard and a 125-amp house panel, enhancing both operational efficiency and long-term reliability. Mountain View remains one of the Bay Area’s most robust rental markets, driven by persistent demand from high-income professionals and limited new housing supply. The city benefits from its proximity to Palo Alto and Los Altos and is anchored by premier employers including Google, LinkedIn, Meta, Apple, NVIDIA, Intuit, Stanford University, and Santa Clara University. Excellent regional connectivity is provided by nearby access to El Camino Real, Highway 101, Central Expressway, and the San Antonio Caltrain Station, while highly regarded public schools such as Mariano Castro Elementary, Graham Middle School, and Los Altos High School further enhance tenant demand and long-term market stability. With average single-family home values in Mountain View exceeding $2 million, quality multifamily assets like 470 Del Medio Avenue have become increasingly scarce and valuable. The property offers durable in-place income supported by a desirable unit mix, functional layouts, and consistent upkeep, positioning it as a stabilized investment with long-term upside. Backed by strong local fundamentals, world-class employment, and significant recent infrastructure upgrades, 470 Del Medio Avenue represents an exceptional opportunity to acquire a resilient, well-located asset in one of California’s most sought-after real estate markets.