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.
Property Details
Price:
$4,000,000
MLS #:
ML81990618
Status:
Active
Baths:
0
Address:
284 Elmwood Street
Type:
Residential Income
Subtype:
Mixed Use
Neighborhood:
699notdefined
City:
Mountain View
Listed Date:
Jan 16, 2025
State:
CA
ZIP:
94043
Lot Size:
9,148 sqft / 0.21 acres (approx)
Year Built:
1961
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Schools
Interior
Accessibility Features
None
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Garage Spaces
2.00
Parking Features
Carport
Parking Spots
2.00
Roof
Composition
Stories Total
1
View
Park/ Greenbelt
Water Source
Public
Financial
Taxes
$1,863
Utilities
Natural Gas Available
Map
Community
- Address284 Elmwood Street Mountain View CA
- Area699 – Not Defined
- CityMountain View
- CountySanta Clara
- Zip Code94043
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284 Elmwood Street
Mountain View, CA
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