470 Del Medio Ave 10 Unit Apartment Building $4,650,000 ($465,000/Unit) 3.77% Cap Rate Mountain View, CA 94040

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.
With average single-family home values in Mountain View exceeding $2.5 million (according to Zillow), quality multifamily assets like 470 Del Medio Avenue have become increasingly scarce and valuable. The property offers durable income supported by strong rental demand 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.