919 Castlewood Dr - Apartments FOR SALE


Los Gatos, CA 95032
$2,175,000 USD
408-888-9594
919 Castlewood Dr, Los Gatos, CA for Sale
$2,175,000 USD
Apartments - FOR SALE
1/21
null | 4% Cap Rate

919 Castlewood Dr
Los Gatos, CA 95032


HIGHLIGHTS

  • New Main Electrical Panel & Subpanels in All Units
  • Minutes from Netflix Global Headquarters
  • Prime Excellent Mix of 1-, 2- & 3-Bedroom Units
  • Highly Desirable Los Gatos Location

OVERVIEW

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 the listing agent for the marketing package and additional information.

FOR SALE DETAILS

PRICE

$2,175,000 USD

PRICE/SF

$591 USD /SF

# OF UNITS

4

PRICE/UNIT

$543,750

CAP RATE

4%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,398 SF

ZONING

RM51

APN/PARCEL ID

409-11-018

ASK ABOUT THIS PROPERTY

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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