| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 87th | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 141 Del Medio Ave, Mountain View, CA, 94040, US |
| Region / Metro | Mountain View |
| Year of Construction | 1973 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
141 Del Medio Ave Mountain View Multifamily Investment
High-cost ownership in the neighborhood supports durable renter demand and pricing power, according to WDSuite s CRE market data. Neighborhood figures cited here (rents, occupancy, and tenure) reflect the immediate area, not this specific property.
Situated in Mountain View s Urban Core (San Jose Sunnyvale Santa Clara metro), the neighborhood ranks 6th out of 344 metro neighborhoods (top quartile) with an A+ rating, signaling strong fundamentals for multifamily. Amenity access is a clear advantage: parks and childcare density sit near the top nationally, with cafes and restaurants also in the upper percentiles, reinforcing day-to-day convenience and resident retention potential.
Neighborhood rents and incomes trend toward the high end of the market, while the rent-to-income ratio indicates moderated affordability pressure relative to many coastal hubs. Median home values are elevated compared with national norms, which tends to sustain reliance on rental housing and can support lease retention and pricing discipline.
For operations, neighborhood occupancy is around the national midpoint based on metro-relative rankings, while the share of renter-occupied housing units is high for the area, indicating a deep tenant base that can support leasing velocity. The 1973 vintage at 141 Del Medio Ave is older than the neighborhood s average construction year (1981), suggesting potential value-add or systems modernization opportunities to sharpen competitive positioning against newer stock.
Demographic statistics within a 3-mile radius show recent population stability and growth in household counts, with forecasts indicating more households and smaller average household sizes. This points to a larger renter pool over time and supports occupancy stability for well-positioned multifamily assets, based on CRE market data from WDSuite.
Safety indicators for the neighborhood track below metro and national midpoints, reflecting comparatively higher incident rates than many peer areas. Within this context, violent offense estimates have improved year over year, while property crime remains elevated, so operators should plan for appropriate security practices and resident communication.
In metro terms (San Jose Sunnyvale Santa Clara), the neighborhood s crime rank sits in the lower half of 344 neighborhoods, and national positioning is also below the mid-range. The trajectory of violent offenses trending down is constructive, but investors should underwrite for continued attention to property security and access control to support resident satisfaction and retention.
Proximity to major tech employers underpins a deep, high-wage renter base and supports retention through commute convenience. Key nearby employers include Alphabet, HP, Hewlett Packard Enterprise, Tesla, and Symantec.
- Alphabet technology HQ (1.7 miles) HQ
- HP technology (1.9 miles) HQ
- Hewlett Packard Enterprise technology (1.9 miles) HQ
- Tesla automotive & energy (2.4 miles) HQ
- Symantec cybersecurity (3.2 miles) HQ
141 Del Medio Ave offers exposure to a top-ranked Mountain View neighborhood where elevated home values and a sizable share of renter-occupied units reinforce multifamily demand. The asset s 1973 vintage presents a practical value-add path through unit and systems upgrades to compete with newer product, supported by proximity to major employers and strong amenity access.
According to CRE market data from WDSuite, the neighborhood sits among the metro s stronger locations, with rents and incomes at the higher end and occupancy near the national midpoint. Within a 3-mile radius, household counts have been rising and are projected to expand further as average household size declines, indicating a growing renter pool to support leasing and retention.
- High-cost ownership market supports durable rental demand and pricing power
- Large nearby employer base (Alphabet, HP/HPE, Tesla, Symantec) supports leasing stability
- 1973 vintage offers actionable value-add through renovations and system modernization
- Household growth and smaller household sizes within 3 miles point to a larger renter pool
- Risks: property crime rates above national midpoints and an occupancy profile near mid-range warrant security planning and conservative underwriting