Multifamily
941-943 Miramonte Ave
941 Miramonte Ave, Mountain View, CA 94040
Listing Price: $2,800,000
Investment Overview
Marcus & Millichap is pleased to present the Miramonte Portfolio, a once-in-a-generation opportunity to acquire four adjacent duplex properties in Mountain View’s highly sought-after Cuesta Park neighborhood. Built by the current ownership family in 1978 and held continuously for nearly five decades, the portfolio is being offered for sale for the first time. Situated on four separate APNs totaling approximately 0.94 acres, the properties may be purchased as a complete portfolio or individually, providing investors with exceptional acquisition flexibility. Extensive capital improvements completed in recent years have positioned the portfolio among the highest-quality duplex offerings in the Mountain View market.
The portfolio consists of eight spacious residences totaling 10,707 square feet, including seven 3-bedroom, 2-bath units averaging approximately 1,300 square feet and one 2-bedroom, 2-bath unit of approximately 1,100 square feet. This highly desirable unit mix continues to attract families, long-term residents, and professionals seeking larger floor plans in one of Silicon Valley’s strongest rental markets. Ownership has completed extensive interior renovations, upgraded furnaces and water heaters, installed integrated SMART home technology, replaced windows and sliding glass doors, refreshed exterior paint and siding, and enhanced outdoor living with newly constructed patio decks, pergolas, and built-in BBQ areas. Private garages, generous driveway parking, and exceptional pride of ownership further distinguish the offering.
Located just minutes from Downtown Mountain View’s Castro Street, the portfolio provides convenient access to some of the Peninsula’s premier dining and shopping destinations, major transportation routes including El Camino Real, Caltrain, and Light Rail, and many of Silicon Valley’s largest employers. The properties are also served by the highly regarded Mountain View Whisman School District and Mountain View–Los Altos Union High School District. With a median single-family home sale price of approximately $3.6 million in the 94040 ZIP code over the past year, the surrounding neighborhood continues to demonstrate exceptional long-term value. Combined with nearly an acre of land, exemption from Mountain View’s rent control ordinance, and the flexibility to acquire all or part of the portfolio, the Miramonte Portfolio represents an outstanding opportunity to acquire a premier, income-producing investment in one of the Bay Area’s most desirable rental markets.
941-943 Miramonte Ave
Investment Highlights
- FIRST TIME ON THE MARKET Built and continuously held by the same family since 1978 — a rare generational ownership opportunity now available to the market for the first time.
- AVAILABLE AS A PORTFOLIO OR INDIVIDUALLY Four separate APNs give investors the flexibility to acquire the entire portfolio or select individual duplexes to fit their strategy.
- NOT SUBJECT TO MOUNTAIN VIEW RENT CONTROL Exempt from the Community Stabilization and Fair Rent Act, allowing for greater rent growth flexibility.
- EIGHT OVERSIZED, HIGHLY DESIRABLE UNITS Seven spacious 1,300 SF 3x2 residences and one 1,100 SF 2x2 residence — a rare, sought-after unit mix in Mountain View.
- STRONG IN-PLACE INCOME WITH UPSIDE Combined duplexes generate nearly $38,000 in gross monthly income, offering the potential to increase revenue to approximately $46,500 per month at market rents.
- EXTENSIVE, HIGH-END RENOVATIONS Six of the portfolio's eight residences have been fully renovated, while the remaining two have undergone interior refreshes.
- NEARLY ONE ACRE OF LAND (0.94 Acres) A meaningful land value component in a supply constrained Silicon Valley market, where the median single family home sale price in the 94040-zip code reached $3,600,000 over the past year, according to the MLS.
- PRIDE-OF-OWNERSHIP CONDITION Consistent curb appeal, private garages, and lifestyle oriented outdoor upgrades throughout.
Exclusively Listed By
Listing Price: $2,800,000
Investment Highlights
- FIRST TIME ON THE MARKET Built and continuously held by the same family since 1978 — a rare generational ownership opportunity now available to the market for the first time.
- AVAILABLE AS A PORTFOLIO OR INDIVIDUALLY Four separate APNs give investors the flexibility to acquire the entire portfolio or select individual duplexes to fit their strategy.
- NOT SUBJECT TO MOUNTAIN VIEW RENT CONTROL Exempt from the Community Stabilization and Fair Rent Act, allowing for greater rent growth flexibility.
- EIGHT OVERSIZED, HIGHLY DESIRABLE UNITS Seven spacious 1,300 SF 3x2 residences and one 1,100 SF 2x2 residence — a rare, sought-after unit mix in Mountain View.
- STRONG IN-PLACE INCOME WITH UPSIDE Combined duplexes generate nearly $38,000 in gross monthly income, offering the potential to increase revenue to approximately $46,500 per month at market rents.
- EXTENSIVE, HIGH-END RENOVATIONS Six of the portfolio's eight residences have been fully renovated, while the remaining two have undergone interior refreshes.
- NEARLY ONE ACRE OF LAND (0.94 Acres) A meaningful land value component in a supply constrained Silicon Valley market, where the median single family home sale price in the 94040-zip code reached $3,600,000 over the past year, according to the MLS.
- PRIDE-OF-OWNERSHIP CONDITION Consistent curb appeal, private garages, and lifestyle oriented outdoor upgrades throughout.
Investment Overview
Marcus & Millichap is pleased to present the Miramonte Portfolio, a once-in-a-generation opportunity to acquire four adjacent duplex properties in Mountain View’s highly sought-after Cuesta Park neighborhood. Built by the current ownership family in 1978 and held continuously for nearly five decades, the portfolio is being offered for sale for the first time. Situated on four separate APNs totaling approximately 0.94 acres, the properties may be purchased as a complete portfolio or individually, providing investors with exceptional acquisition flexibility. Extensive capital improvements completed in recent years have positioned the portfolio among the highest-quality duplex offerings in the Mountain View market. The portfolio consists of eight spacious residences totaling 10,707 square feet, including seven 3-bedroom, 2-bath units averaging approximately 1,300 square feet and one 2-bedroom, 2-bath unit of approximately 1,100 square feet. This highly desirable unit mix continues to attract families, long-term residents, and professionals seeking larger floor plans in one of Silicon Valley’s strongest rental markets. Ownership has completed extensive interior renovations, upgraded furnaces and water heaters, installed integrated SMART home technology, replaced windows and sliding glass doors, refreshed exterior paint and siding, and enhanced outdoor living with newly constructed patio decks, pergolas, and built-in BBQ areas. Private garages, generous driveway parking, and exceptional pride of ownership further distinguish the offering. Located just minutes from Downtown Mountain View’s Castro Street, the portfolio provides convenient access to some of the Peninsula’s premier dining and shopping destinations, major transportation routes including El Camino Real, Caltrain, and Light Rail, and many of Silicon Valley’s largest employers. The properties are also served by the highly regarded Mountain View Whisman School District and Mountain View–Los Altos Union High School District. With a median single-family home sale price of approximately $3.6 million in the 94040 ZIP code over the past year, the surrounding neighborhood continues to demonstrate exceptional long-term value. Combined with nearly an acre of land, exemption from Mountain View’s rent control ordinance, and the flexibility to acquire all or part of the portfolio, the Miramonte Portfolio represents an outstanding opportunity to acquire a premier, income-producing investment in one of the Bay Area’s most desirable rental markets.
Exclusively Listed By
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