284 Elmwood St, Mountain View, CA, 94043
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.
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1961
Materials
- Foundation: Wood Subfloor
- Roof: Composition
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Quadruplex
Interior
Appliances
- Appliances included: Refrigerator: All Units,Dishwasher: More than One unit,Disposal: All units,Stove: All units
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 5
Features
- Fireplace features: None
Heating & Cooling
- Heating features: Floor or Wall Heat
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Details
- Parcel number: 15328085
- Special condition: Estate Sale
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Fencing: Fenced
Lot
- Lot size: 9,239 sqft
- Features: Urban,Corner Lot,Sprinklers In Front,Sprinkler - Auto,Mature Landcsape
Parking
- Total spaces: 2
- Parking features: Garage,Carport,Open
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Clara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $18,658 | $223,896 |
| Home Insurance * | $188 | $2,256 |
| Property Taxes | $4,546 | $54,552 |
| Electricity | $771 | $9,263 |
| Total | $24,163 | $289,956 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-02 | Listed for sale | $3,888,000 |
| 2025-12-01 | Listing removed | $3,950,000 |
| 2025-10-29 | Price change | $3,950,000 |
| 2025-07-01 | Price change | $4,000,000 |
| 2025-05-30 | Price change | $4,200,000 |
| 2025-05-01 | Price change | $4,300,000 |
| 2025-04-10 | Price change | $4,400,000 |
| 2025-03-01 | Price change | $4,500,000 |
| 2025-01-16 | Listed for sale | $4,700,000 |
| 2025-01-03 | Listing removed | $4,900,000 |
| 2024-12-16 | Listing removed | $3,900 |
| 2024-11-15 | Price change | $3,900 |
| 2024-10-15 | Listed for rent | $4,000 |
| 2024-09-09 | Price change | $5,000,000 |
| 2024-08-09 | Listed for sale | $5,500,000 |
| 2023-09-01 | Listing removed | -- |
| 2023-08-17 | Price change | $3,800 |
| 2023-08-04 | Price change | $4,000 |
| 2023-07-31 | Price change | $4,200 |
| 2023-07-16 | Price change | $4,300 |
| 2023-05-23 | Listed for rent | $4,500 |
| 2023-03-20 | Listing removed | -- |
| 2023-02-25 | Listed for rent | $4,500 |
| 2021-09-18 | Listing removed | -- |
| 2021-09-17 | Listed for rent | $3,500 |
| 2019-01-13 | Sold | $3,700 |
View on Zillow