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284 Elmwood StreetMountain View, CA 94043

For Sale

$4,000,000

Smart Buyer Rebate $40,000

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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.