Four-Unit Apartment Redevelopment
For Sale
Contact for pricing
266 Tyrella Ave, Mountain View, CA 94043
Rectangular lot with an existing four-unit apartment building and R3-1 zoning permitting up to 16 rowhouses with approval.
Property SizeContact for details
Days on Market123
Property Features for 266 Tyrella Ave
General Information
Standard status
Active
Property subtype
Multifamily, Land, Special Purpose
Zoning
R3-1
Additional Details
Multifamily Units
4
Listing Agency:
Marcus & Millichap - Palo Alto
(650) 391-1746
Listed By:
Carlos Azucena · License #01748155
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 12:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
The offering consists of a rectangular 28,400-square-foot lot with an existing four-unit apartment building currently covering approximately 14% of the site. The units are all two-bedroom, one-bathroom apartments and include large, fenced-in yards. The property generates approximately $81,000 in annual gross income.
The current R3-1 zoning allows for a maximum of 16 for-sale rowhouses to be built, subject to city approval, per Mountain View Municipal Code (MVMC) SEC. 36.10.75 – Density. The site is located about one mile from downtown Mountain View, where retail and dining options are available, and it is served by the Mountain View Caltrain Station and VTA Light Rail in Downtown.
For buyers evaluating a multi-family redevelopment, the site’s full utilization potential is supported by its rectangular shape and the stated residential density framework under R3-1.
The current R3-1 zoning allows for a maximum of 16 for-sale rowhouses to be built, subject to city approval, per Mountain View Municipal Code (MVMC) SEC. 36.10.75 – Density. The site is located about one mile from downtown Mountain View, where retail and dining options are available, and it is served by the Mountain View Caltrain Station and VTA Light Rail in Downtown.
For buyers evaluating a multi-family redevelopment, the site’s full utilization potential is supported by its rectangular shape and the stated residential density framework under R3-1.
Key Highlights
- 28,400 SF rectangular lot in Mountain View, CA with an existing four‑unit apartment building
- R3‑1 zoning allows up to 16 for‑sale rowhouses with city approval (MVMC Sec. 36.10.75 – Density)
- Existing building includes four 2BR/1BA units, each with a large fenced yard
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
Demographics for 94043, CA
31,414
Population
14,756
Households
2.1
Avg Household Size
36
Median Age
71%
College-Educated
94%
High-School Grad
8.5 sq mi
ZIP Area
3,696
Density / Sq Mi
$180,781
Median Household Income
$113,861
Median Earnings
$2,965
Median Rent
$1,647,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Rectangular lot with an existing four-unit apartment building and R3-1 zoning permitting up to 16 rowhouses with approval.
Where is this quadplex located?
The property is located at 266 Tyrella Ave Mountain View, CA.
What are key features of this property?
This property features: 28,400 SF rectangular lot in Mountain View, CA with an existing four‑unit apartment building; R3‑1 zoning allows up to 16 for‑sale rowhouses with city approval (MVMC Sec. 36.10.75 – Density); Existing building includes four 2BR/1BA units, each with a large fenced yard
