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470 Del Medio Ave 10 Unit Apartment Building $5,946,668 CAD ($594,667 CAD/Unit) 4.11% Cap Rate Mountain View, CA 94040
Investment Highlights
- IDEALLY LOCATED WITHIN WALKING DISTANCE OF SAN ANTONIO SHOPS, DINING, AND CALTRAIN
- MOST UNITS ARE UPGRADED WITH NEW KITCHENS, BATHROOMS, DOUBLE-PANE WINDOWS, AND FLOORING
- BORDERING PALO ALTO Within 3 Miles from Stanford University
- OVER $300,000 IN RECENT ELECTRICAL CAPITAL IMPROVEMENTS (New main panel + Sub-Panels)
- LOCATED NEAR TOP TECHNOLOGY EMPLOYERS AND BACKED BY PRO-DENSITY CITY INITIATIVES
- SAN FRANCISCO BUSINESS TIMES. (2025, DECEMBER). Mountain View has the highest one-bedroom asking rent in Silicon Valley, fueled by AI growth.
Executive Summary
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.
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.
Property Facts
| Price | $5,946,668 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $594,667 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 4.11% | Building Size | 5,800 SF |
| Gross Rent Multiplier | 16.14 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 3.45/1,000 SF |
| Zoning | R3-1* | ||
| Price | $5,946,668 CAD |
| Price Per Unit | $594,667 CAD |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| Gross Rent Multiplier | 16.14 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 5,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 3.45/1,000 SF |
| Zoning | R3-1* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $3,069 CAD | - |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 148-09-001 | Improvements Assessment | $3,343,062 CAD |
| Land Assessment | $2,507,297 CAD | Total Assessment | $5,850,359 CAD |
Property Taxes
Parcel Number
148-09-001
Land Assessment
$2,507,297 CAD
Improvements Assessment
$3,343,062 CAD
Total Assessment
$5,850,359 CAD
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470 Del Medio Ave
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