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284 Elmwood St
Multi-Family
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$3,790,000

$1053/sqft

284 Elmwood St, Mountain View

Premium
7 bd·5 ba·3,600 sqft
Built 19619,239 sqft lot

284 Elmwood St, Mountain View, CA

7 bd · 5 ba · 3,600 sqft Multi-Family listed at $3,790,000, built in 1961.

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 Mountain View, making daily errands a breeze. 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, just a few blocks away. The Caltrain station ensures seamless connectivity throughout the Bay Area.Each dwelling unit has been thoughtfully maintained, creating comfortable living spaces that tenants love to call home. 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 in today's competitive market.

What it's like to live here

AI

Listed by

Greg Haley

Universal Realty Services, Inc.

greghaley49@gmail.com

Property details

Price
$3,790,000
Bedrooms
7
Bathrooms
5
Interior
3,600 sqft
Price / sqft
$1053
Year built
1961
Lot size
9,239 sqft
Type
Multi-Family
Days on market
109
Est. property tax
$28,425/yr · $2,369/mo · 0.75% CA avg

Estimated monthly payment

Down payment20% ($758,000)
Interest rate6.75%
Principal & Interest$19,665
Property Tax$3,474
Insurance$150
Total$23,290/mo

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Price history

$6.05M$2.75M$-546K$4K on Oct 15 (Price change)$4K on Oct 15 (Price change)$5K on Jan 16 (Price change)$5K on Feb 16 (Price change)$5K on Feb 16 (Price change)$4K on Feb 16 (Price change)$4K on Feb 16 (Price change)$4K on Feb 16 (Price change)$4K on Feb 16 (Price change)$4K on Mar 16 (Price change)$4K on Mar 16 (Price change)$4K on Apr 17 (Price change)$4K on May 17 (Price change)$4K on Oct 18 (Price change)$4K on Dec 18 (Price change)$4K on Feb 22 (Price change)$5K on May 23 (Price change)$4K on Jul 23 (Price change)$4K on Aug 23 (Price change)$4K on Aug 23 (Price change)$4K on Sep 23 (Price change)$5.50M on Aug 24 (Initial list)$4K on Sep 24 (Price change)$5M on Sep 24 (Price change)$4.95M on Oct 24 (Price change)$4.90M on Nov 24 (Price change)$4K on Jan 25 (Price change)$4.70M on Jan 25 (Initial list)$4K on Feb 25 (Price change)$4.50M on Mar 25 (Price change)$4.40M on Apr 25 (Price change)$4.30M on May 25 (Price change)$4.20M on May 25 (Price change)$4M on Jul 25 (Price change)$3.95M on Oct 25 (Price change)$3.89M on Feb 26 (Initial list)$3.89M on Feb 26 (Initial list)
$4K · Oct 15$3.89M · Feb 26
  1. Feb 2, 2026$3,888,000Initial list price
  2. Feb 2, 2026$3,888,000Initial list price
  3. Oct 29, 2025$3,950,000Price change
  4. Jul 1, 2025$4,000,000Price change
  5. May 30, 2025$4,200,000Price change
  6. May 1, 2025$4,300,000Price change
  7. Apr 10, 2025$4,400,000Price change
  8. Mar 1, 2025$4,500,000Price change
  9. Feb 12, 2025$4,000Price change
  10. Jan 16, 2025$4,700,000Initial list price
  11. Jan 16, 2025$4,000Price change
  12. Nov 8, 2024$4,900,000Price change
  13. Oct 12, 2024$4,950,000Price change
  14. Sep 9, 2024$5,000,000Price change
  15. Sep 6, 2024$4,000Price change
  16. Aug 9, 2024$5,500,000Initial list price
  17. Sep 1, 2023$3,800Price change
  18. Aug 28, 2023$3,800Price change
  19. Aug 9, 2023$4,000Price change
  20. Jul 18, 2023$4,300Price change
  21. May 25, 2023$4,500Price change
  22. Feb 2, 2022$3,500Price change
  23. Dec 6, 2018$3,700Price change
  24. Oct 17, 2018$3,800Price change
  25. May 8, 2017$3,500Price change
  26. Apr 5, 2017$3,500Price change
  27. Mar 19, 2016$3,500Price change
  28. Mar 14, 2016$3,500Price change
  29. Feb 25, 2016$3,900Price change
  30. Feb 17, 2016$4,000Price change
  31. Feb 11, 2016$4,250Price change
  32. Feb 10, 2016$4,400Price change
  33. Feb 5, 2016$4,500Price change
  34. Feb 3, 2016$4,500Price change
  35. Jan 13, 2016$4,500Price change
  36. Oct 30, 2015$4,000Price change
  37. Oct 28, 2015$4,000Price change

Location

This home is located in Mountain View, CA, in the Silicon Valley area. Browse more Mountain View listings on the Mountain View market page or explore the full Mountain View market report.

About Mountain View: Mountain View is a city in Santa Clara County, California, United States, part of the San Francisco Bay Area. Named for its views of the Santa Cruz Mountains, the population was 82,376 at the 2020 census. (source: Wikipedia)

Climate: Average year-round temperature is 61°F with 294 dry days per year and 21.2 inches of annual rainfall.

Location

Map of 284 Elmwood St, Mountain View
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Home Intelligence

Neighborhood (zip 94043)

Median age is 35.9; 28% hold a bachelor's degree; 45% of homes are owner-occupied; median household income is $174,416.

Median income
$174,416
Median age
35.9
Owner-occupied
44.5%
Bachelor's degree
28.4%
Census median home value
$1,562,200

Source: US Census Bureau American Community Survey 5-year estimates.

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