172 Permanente Way, Mountain View, California 94041, Mountain View, 94041 - 0 bed, 0 bath
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Mountain View, California 94041
This Strategic Multi-Unit Asset represents a High-Potential Investment Opportunity with a List Price of $2,199,999—positioned well below the $2,289,756 Fair Market Value by 3%. This valuation gap provides $89,757 in Instant Equity. Featuring a rare configuration of three 3-bedroom units, the property holds a Condition Rating of 4, offering significant value-add potential through interior modernization. With one vacant unit for immediate market-rate leasing and proximity to Los Altos High School and major tech campuses, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 172 Permanente Way Subject | $2,199,999* List Price | 0 | 0 | 3,024 | $757 | - |
A Mariposa Avenue Sold | $2,150,000 | 0 | 0 | 2,640 | $814 | 0.4 mi |
B 1826 Higdon Avenue Active | $2,395,000 List Price | 0 | 0 | 2,875 | $833 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this triplex features recently updated exterior curb appeal with modern paint and landscaping. However, the interior is explicitly described as needing updates and renovations to maximize value. The configuration of only one bathroom for three-bedroom units is outdated by modern standards, and the property's age suggests that while functional, the internal systems and finishes likely show significant signs of wear or dated styling.
Situated in the heart of Mountain View near major technology campuses and Highways 101 and 85, this property offers high rental demand and excellent long-term appreciation potential.
The presence of one vacant unit provides an immediate opportunity to secure market-rate rents or for an owner-occupant to move in while collecting income from the other two units.
Featuring three spacious 3-bedroom units, this triplex is a rare find in a market dominated by smaller units, making it highly attractive to families and long-term tenants.
The property requires interior updates to modernize the living spaces, necessitating additional upfront capital investment from the buyer to maximize its full potential.
Each 3-bedroom unit is equipped with only one bathroom, which may be a drawback for modern tenants or families seeking more convenience and privacy.
Triplex located on Permanente Way in Mountain View featuring three thoughtfully designed 3-bedroom, 1-bath units. The property offers attractive updated curb appeal and a welcoming street presence. Each unit offers a practical layout with comfortable living spaces and functional floor plans. Interiors present an opportunity for updates, allowing a new owner to bring their own vision and improvements to the property. Immediate upside opportunity with one vacant unit. Maximize rents or owner occupy while collecting income from two occupied units. Situated on a nicely sized lot with outdoor space and convenient access to nearby amenities. The property is ideally located near major technology campuses, shopping, dining, parks, and commuter routes including Highways 101 and 85, providing easy access throughout Mountain View and Silicon Valley. An appealing opportunity for buyers seeking a multi-unit property with potential in a highly desirable location.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,024 | 2,640 | 67% |
| Lot Size | 6,547 | 5,980 | 67% |
| Price | $2.20M | $2.15M | 67% |
| Price per sq ft | $728 | $814 | 33% |
| Built year | 1962 | 1962 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 161 | 33% |
Mar 16, 2026
$2,199,999
Initial Listing