Eight-Unit Miramonte Duplex Portfolio Hits Mountain View Market at $11.2MM, or $1.4MM Per Unit
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. San Francisco continues to clear office at the deepest discounts to 2019 basis seen in the cycle, while multifamily fundamentals have stabilized and life sciences in the Peninsula remains active. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 85th San Francisco story tracked on the wire in September 2026. All San Francisco coverage →
Computed from Real Estate Trail’s own tracked coverage
A family that has owned four side-by-side duplexes on Mountain View's Miramonte Avenue since building them in 1978 is testing one of Silicon Valley's tightest rental markets, offering the eight-unit assemblage at $11.…
External link. Real Estate Trail does not republish source content.
Related coverage — San Francisco · Multifamily
Mandela Station Breaks Ground on 240-Unit Affordable Phase at West Oakland BART, Phasing Out Commuter Parking
The long-stalled Mandela Station development has begun vertical construction on its 240 affordable apartments, the first buildings to rise on the West Oakland BART parking lot after more than a decade of delays and re…
Bell drops $140m on San Jose apartment complex
San Jose apartment complex bought by affordable homes nonprofit
San Jose apartment complex is bought by affordable homes nonprofit
Airbnb Leases Historic 100,000 SQFT Takahashi Building in San Francisco’s Showplace Square
Airbnb has agreed to lease an entire century-old brick warehouse near its Showplace Square headquarters, a deal that marks the clearest sign yet that the company once synonymous with San Francisco’s pandemic-era offic…
Lurie Declares San Francisco ‘Rent Emergency,’ Backs $30MM Package as AI Boom Drives Record Rents
San Francisco Mayor Daniel Lurie declared a rent emergency and threw his weight behind a roughly $30 million spending plan and six ordinances aimed at shielding tenants from record rents, drawing immediate pushback fr…