470 Del Medio Ave - Apartments FOR SALE


Mountain View, CA 94040- Outer Mountain View/Los Altos
$4,650,000 USD
408-483-5040
470 Del Medio Ave, Mountain View, CA for Sale
$4,650,000 USD
Apartments - FOR SALE
1/16
null | 3.77% Cap Rate

470 Del Medio Ave
Mountain View, CA 94040
Outer Mountain View/Los Altos


HIGHLIGHTS

  • IDEALLY LOCATED WITHIN WALKING DISTANCE OF SAN ANTONIO SHOPS, DINING, AND CALTRAIN
  • OVER $300,000 IN RECENT ELECTRICAL CAPITAL IMPROVEMENTS (New main panel + Sub-Panels)
  • MOST UNITS ARE UPGRADED WITH NEW KITCHENS, BATHROOMS, DOUBLE-PANE WINDOWS, AND FLOORING
  • LOCATED NEAR TOP TECHNOLOGY EMPLOYERS AND BACKED BY PRO-DENSITY CITY INITIATIVES
  • BORDERING PALO ALTO Within 3 Miles from Stanford University
  • SAN FRANCISCO BUSINESS TIMES. (2025, DECEMBER). Mountain View has the highest one-bedroom asking rent in Silicon Valley, fueled by AI growth.

OVERVIEW

Contact jcastellanos@marcusmillichap.com for OM. Jimmy Castellanos is pleased to present 470 Del Medio Avenue, a well-maintained 10-unit multifamily community located in the heart of Mountain View. The property is situated within one of Silicon Valley’s most supply-constrained and consistently high-performing rental submarkets. Constructed in 1957, the property consists of ten one-bedroom, one-bathroom units totaling approximately 5,800 square feet of gross building area on a generous 9,750-square-foot corner parcel. The property offers designated tuck-under carport parking with ample space for tandem parking. It has also been newly landscaped with lush greenery, new pavers, and vibrant flowers. More recently, the property has benefited from over $300,000 in electrical capital improvements, including a new 400-amp main switchboard and 125-amp per-unit sub-panels, enhancing operational efficiency and long-term reliability.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$871 USD /SF

# OF UNITS

10

PRICE/UNIT

$465,000

CAP RATE

3.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,156 SF

ZONING

R3-1*

APN/PARCEL ID

148-09-001

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.