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Listed by Mitchell Zurich • Marcus & Millichap, DRE#01870648
$2,175,000
Est. payment /mo
8 Beds
5 Baths
3,681 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,681 sqft
Price per Sqft $590
MLS Listing ID ML82059591
Bedrooms 8
Full Baths 5
Year Built 1963
Lot Size 8,400 Sqft
Property Sub-Type Fourplex
Property Description
919 Castlewood Drive presents a rare opportunity to acquire a four-unit multifamily investment property in a prime Los Gatos location. The property features an excellent unit mix consisting of one 3-bedroom/2-bathroom unit, two 2-bedroom/1-bathroom units, and one 1-bedroom/1-bathroom unit. The property has benefited from significant electrical upgrades, including a new main electrical panel and new subpanels in all four units. Additional features include dual-pane windows, private patios, on-site laundry, and approximately 3,681 square feet of living space on an 8,400-square-foot lot. Current rents provide attractive income growth potential, while the location offers convenient access to Downtown Los Gatos, Downtown Campbell, The Pruneyard, Los Gatos Creek Trail, Netflix headquarters, and Highways 17 and 85. An attractive opportunity to acquire a well-located Los Gatos multifamily asset with a strong unit mix, meaningful rental upside, and long-term appreciation potential. Contact listing team for the marketing package and additional information.
Location
State CA
County Santa Clara
Area Los Gatos/Monte Sereno
Zoning RM51
Interior
Heating Wall Furnace , Other
Cooling None
Exterior
Parking Features Carport , Uncovered Parking
Utilities Available Individual Electric Meters
Roof Type Composition
Building
Story 2
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Water On Site
Level or Stories 2
Others
Tax ID 409-11-018
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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