569 Lassen St - Multi-Family FOR SALE


Los Altos, CA 94022- North Los Altos
$4,998,000 USD
408-438-0969
569 Lassen St, Los Altos, CA for Sale
$4,998,000 USD
Multi-Family - FOR SALE
1/34
null | 2.1% Cap Rate

569 Lassen St
Los Altos, CA 94022
North Los Altos


HIGHLIGHTS

  • Generational deal in world-class market: Rare opportunity to own a stunning and modern asset right by downtown Los Altos
  • Designed by world-renowned architect Ray Kappe: earned a prestigious LEED Gold certification for its environment friendly design
  • Excellent unit mix with owner-occupied potential: Two spacious 3-Bedroom / 2.5 Bathroom units with private decks and premium finishes
  • Third unit is a functional 1-Bedroom / 1-Bathroom unit with an elevator, deck, and patio as well
  • Key amenities for all residences: All three units have private gardens and patios, in-unit laundry, and more
  • Additional features include solar panels, electric vehicle charging, fire sprinklers, and more

OVERVIEW

Generational opportunity to own a stunning and modern asset just a short walk from downtown Los Altos! Built in 2011, this exceptional property was designed by world-renowned architect Ray Kappe as his first multi-family residence and earned a prestigious LEED Gold certification for its environmentally conscious design. The property has two spacious 3-Bedroom / 2.5 Bathroom units, each with open-concept living areas and private decks (380 sq ft and 186 sq ft), and premium finishes including bamboo hardwood flooring, solid wood doors, and high ceilings. The third unit is functional 1-Bedroom / 1-Bathroom ADA-adaptable home (BMR) that includes an elevator, deck, and patio as well. All residences enjoy in-unit laundry, private gardens and patios, and thoughtful layouts that maximize light and livability. Additional features include solar panels, electric vehicle charging, fire sprinklers in all units, private storage closets, and rear alley access with ample parking. Whether you are seeking multi-generational living or a high-quality investment, this architecturally significant and energy-efficient asset offers unmatched value and location.

FOR SALE DETAILS

PRICE

$4,998,000 USD

PRICE/SF

$1,293 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,666,000

CAP RATE

2.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

569 Lassen St, 3 Units in Los Altos

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2011

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,680 SF

ZONING

-

APN/PARCEL ID

170-38-024

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.