This exceptional multi-family property in Mountain View presents an outstanding investment opportunity in the heart of Silicon Valley. With multiple units spanning 3,600 square feet, this fully occupied residence generates steady rental income while offering tremendous development potential on its spacious corner lot. The property's prime location puts residents within walking distance of downtown. Tech professionals will appreciate the proximity to major technology companies, while families benefit from nearby Mountain View Academy and convenient access to the Mountain View Transit Center, a few blocks away. The Caltrain station ensures seamless connectivity throughout the Bay Area. The multiple units provide flexibility for investors seeking consistent cash flow or those considering future development opportunities. The generous lot size offers potential for expansion or enhancement, subject to local planning requirements. Whether you're an experienced investor looking to expand your portfolio or someone seeking development potential in one of California's most sought-after markets, this multi-family gem delivers both immediate returns and long-term growth prospects. The combination of location, income potential, and development possibilities makes this a rare find.
Listed by Greg Haley
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License #01335841
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Universal Realty Services, Inc
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408-505-0096
Last updated September 02, 2025
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Source: MLSListings #ML81990618
Listing Facts
TypeMulti-family
NeighborhoodJackson Park
Days on Prevu235
Taxes$1,863/year
Size3,600 sqft
Price per sqft$1,111
Amenities
Dishwasher
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
07/01/2025
Price Decreased
$4,000,000
05/30/2025
Price Decreased
$4,200,000
05/01/2025
Price Decreased
$4,300,000
04/11/2025
Price Decreased
$4,400,000
03/01/2025
Price Decreased
$4,500,000
01/16/2025
Listed by Universal Realty Services, Inc
$4,700,000
Property Details for 284 Elmwood Street
Exterior
Construction
Roof: Composition
Stories: 1
Year Built: 1961
Year Built Details: 2
Features
Other Structures: Shed(s)
View: Park
Measurements
Building Area Total: 3,600
Lot Size Acres: 0.21
Lot Size Area: 9,148
Lot Size Source: Assessor
Lot Size Square Feet: 9,148
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 3.47
Gross Income: $148,920.00
Operating Expense Includes: Gardener, Water/Sewer
Taxes
Parcel Number: 153-28-085
Tax Annual Amount: $1,863.00
Interior
Features
Appliances: Dishwasher, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator, Washer/Dryer - Some Units
Measurements
Living Area: 3,600
Parking
Parking
Carport Spaces: 1
Carport: Yes
Garage Spaces: 2
Garage: Yes
Parking Features: Assigned Spaces, Attached Garage, Carport, On Street
Parking Total: 2
Schools
Elementary School
Elementary School District: Mountain View Whisman
High School
High School District: Mountain View-Los Altos Union High
Utilities
Equipment
Cooling: Ceiling Fan, Window/Wall Unit
Heating: Wall Furnace
Utilities: Natural Gas Available, Public Utilities, Water - Public
Water Source: Public
Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
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