284 Elmwood St Mountain View, CA 94043
Rex Manor NeighborhoodEstimated payment $26,091/month
Total Views
7,642
7
Beds
5
Baths
3,600
Sq Ft
$1,111
Price per Sq Ft
Highlights
- Park or Greenbelt View
- Granite Countertops
- Laundry Room
- Theuerkauf Elementary School Rated A-
- Double Pane Windows
- 1-minute walk to Jackson Park
About This Home
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
Home Type
- Multi-Family
Year Built
- 1961
Lot Details
- 9,148 Sq Ft Lot
- Fenced
- Sprinkler System
- Grass Covered Lot
Parking
- 2 Car Garage
- 1 Carport Space
- On-Street Parking
- Assigned Parking
Home Design
- Pillar, Post or Pier Foundation
- Composition Roof
Interior Spaces
- 3,600 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Double Pane Windows
- Park or Greenbelt Views
- Crawl Space
Kitchen
- Electric Oven
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Laundry
- Laundry Room
- Washer and Dryer
Outdoor Features
- Shed
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
Community Details
Building Details
- 4 Leased Units
- Gardener Expense $2,400
- Insurance Expense $2,090
- Utility Expense $1,200
- Trash Expense $2,640
- Operating Expense $10,193
- Gross Income $148,920
Additional Features
- 3,600 Sq Ft Building
- Courtyard
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Price Changed | $4,000,000 | -4.8% | $1,111 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $4,200,000 | -2.3% | $1,167 / Sq Ft |
| 05/01/2025 05/01/25 | Price Changed | $4,300,000 | -2.3% | $1,194 / Sq Ft |
| 04/10/2025 04/10/25 | Price Changed | $4,400,000 | -2.2% | $1,222 / Sq Ft |
| 02/28/2025 02/28/25 | Price Changed | $4,500,000 | 0.0% | $1,250 / Sq Ft |
| 01/16/2025 01/16/25 | Rented | $3,900 | -13.3% | -- |
| 01/16/2025 01/16/25 | Under Contract | -- | -- | -- |
| 11/11/2024 11/11/24 | Off Market | $4,500 | -- | -- |
| 10/08/2024 10/08/24 | For Rent | $4,500 | +12.5% | -- |
| 09/05/2024 09/05/24 | For Rent | $4,000 | 0.0% | -- |
| 08/09/2024 08/09/24 | For Sale | $5,500,000 | 0.0% | $1,528 / Sq Ft |
| 09/01/2023 09/01/23 | Rented | $3,800 | 0.0% | -- |
| 09/01/2023 09/01/23 | Under Contract | -- | -- | -- |
| 08/28/2023 08/28/23 | Price Changed | $3,800 | -5.0% | $3 / Sq Ft |
| 08/09/2023 08/09/23 | Price Changed | $4,000 | -7.0% | $3 / Sq Ft |
| 07/18/2023 07/18/23 | Price Changed | $4,300 | -4.4% | $4 / Sq Ft |
| 05/25/2023 05/25/23 | For Rent | $4,500 | +28.6% | -- |
| 09/18/2021 09/18/21 | Rented | $3,500 | 0.0% | -- |
| 09/18/2021 09/18/21 | Rented | $3,500 | 0.0% | -- |
| 09/16/2021 09/16/21 | Under Contract | -- | -- | -- |
| 09/01/2021 09/01/21 | Price Changed | $3,500 | -5.4% | $3 / Sq Ft |
| 07/29/2021 07/29/21 | Price Changed | $3,700 | -2.6% | $3 / Sq Ft |
| 07/19/2021 07/19/21 | For Rent | $3,800 | 0.0% | -- |
| 07/19/2021 07/19/21 | Price Changed | $3,800 | -5.0% | $3 / Sq Ft |
| 06/22/2021 06/22/21 | For Rent | $4,000 | +8.1% | -- |
| 01/12/2019 01/12/19 | Rented | $3,700 | 0.0% | -- |
| 01/12/2019 01/12/19 | Under Contract | -- | -- | -- |
| 10/17/2018 10/17/18 | For Rent | $3,700 | -- | -- |
Source: MLSListings
Similar Home in Mountain View, CA
Source: MLSListings
MLS Number: ML81990618
APN: 153-28-085
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