
Mountain View, California 94041
This Strong Value Opportunity is a Residential Income Quadruplex listed at $3,445,000—positioned well below the $3,790,411 Fair Market Value by 9%. This valuation gap offers $345,411 in Instant Equity. Featuring a Condition Rating of 2, the property boasts significant modernizations including A/C mini-splits, tankless water heaters, and in-unit laundry. Its prime location near the Mountain View Transit Center ensures high rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a turnkey, high-yield Silicon Valley investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 220 Loreto Street Subject 0 bd · 0 ba · 3,744 sqft · $1,012 | $3,445,000* List Price | 0 | 0 | 3,744 | $1,012 | - |
A 747749 Rainbow Drive Sold 0 bd · 0 ba · 2,783 sqft · $970 · 0.5 mi | $2,700,000 | 0 | 0 | 2,783 | $970 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1953, the property has undergone significant recent modernization (likely <5 years) including major system upgrades: electrical power, A/C mini-splits, copper plumbing, and tankless water heaters. The interiors are in mint condition featuring modern shaker-style cabinetry, stone countertops, stainless steel appliances, and updated flooring and bathrooms throughout.
The property has undergone significant infrastructure upgrades including electrical power for in-unit laundry, A/C mini-splits in all units, copper plumbing, and tankless water heaters, reducing immediate capital expenditure for a new owner.
Situated in vibrant Downtown Mountain View, the property offers exceptional walkability to the Caltrain/VTA Transit Center and immediate access to major Silicon Valley employers via Highways 85, 237, and 101.
Units feature premium updates including stone countertops, stainless steel appliances, shaker-style cabinetry, and updated flooring, which helps command top-market rents and attracts high-quality tenants.
Despite recent renovations, the original 1953 construction may present long-term maintenance challenges or structural limitations typical of older buildings compared to newer developments.
At a list price of $3.445 million for a quadruplex, the high entry price point may result in tighter initial cap rates and lower cash-on-cash returns for investors in the current market.
220 Loreto Street features a rare unit mix of (1) 3+1; (1) 2+2; and (2) 2+1 which have undergone significant modernization including electrical power upgrades to accomodate in-unit laundry (all units); A/C mini-split (all units) a new gas line, copper plumbing supply lines, and tankless water heaters (3 of 4 units). The interiors possess stone countertops, dishwashers and disposals, shaker-style cabinetry, stainless steel appliances, and updates to bathrooms and flooring throughout. Two units feature fireplaces and all units have dual entry. The single-story property is located in vibrant Downtown Mountain View offering numerous restaurant, retail, recreation and lifestyle options. Residents are a mere walk to the Transit Center (Caltrain/VTA) and are proximate to transportation arteries such as Hwys 85, 237 and 101 providing connectivity to world class Silicon Valley employers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,744 | 2,194.5 |
| Lot Size | 9,584 | 9,605.5 |
| Price | $3.44M | $2.43M |
| Price per sq ft | $920 | $1.0K |
| Built year | 1953 | 1963 |
| HOA | $0 | $0 |
| Days on market | 24 | 44 |
Sep 30, 2026
$3,445,000
Initial Listing
Nov 25, 2015
$2,550,000
Public Record