284 Elmwood Street, Mountain View, California 94043, Mountain View, 94043 - 0 bed, 0 bath
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Mountain View, California 94043
Analysis of 284 Elmwood Street, Mountain View, California 94043 is currently available with a list price of $3,690,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Mountain View Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property was built in 1961, which is over 60 years ago. While the listing highlights its investment potential and prime location, the images do not provide detailed views of the kitchen or bathrooms. The exterior appears functional but dated, suggesting that interior updates may be needed to meet modern standards. Without specific details or clear images of the kitchen and bathrooms, it's difficult to assess their condition beyond a general assumption that they may be original or have had only minor updates. Given the age of the property and the lack of detailed interior visuals, a 'fair' condition score is assigned, indicating it requires minor updates or repairs.
Exceptional multi-family property situated in the heart of Mountain View, offering unparalleled access to major technology companies and a highly desirable market.
Fully occupied residence generating steady rental income, providing immediate cash flow for investors.
Spacious corner lot offers considerable opportunity for expansion or future development, subject to local planning regulations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9148, other record lot size in square feet = 9240. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 1998.
Built in 1961, the property may require updates or renovations to meet modern standards and buyer expectations.
The description does not specify the number of units or their individual sizes, which could impact rental income analysis and development planning.
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.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
Jul 16, 2026
$3,690,000
$3,790,000
-3% Price Drop
Initial Listing
May 25, 2026
$3,790,000
$3,888,000
-3% Price Drop
Initial Listing
Feb 2, 2026
$3,888,000
Initial Listing