$4,998,000
PENDING

569 Lassen St Los Altos, CA 94022

Estimated payment $32,681/month

Total Views 3,206
7 Beds
7 Baths
3,864 Sq Ft
$1,293 Price per Sq Ft

Highlights

  • Solar Power System
  • Modern Architecture
  • Balcony
  • Covington Elementary School Rated A+
  • High Ceiling
  • Walk-In Closet

About This Home

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 building has steel frame construction with 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 larger 3BD/2.5BA (unit #569) has a private elevator for ADA access. The third unit (#571) is a functional 1-Bedroom / 1-Bathroom (BMR) that includes a patio as well. All residences enjoy their own washer & dryer, air conditioning, private gardens & patios, and thoughtful layouts that maximize light and livability. Additional features include solar panels, electric vehicle charging, fire sprinklers in all units, and storage closets. Whether you are seeking multi-generational living or a high-quality investment, this architecturally significant and energy-efficient asset offers unmatched value and location!

Listing Agent

David Katz

Magnify Real Estate License #01971921 Listed on: 06/11/2025

Co-Listing Agent

Eric Katz

Magnify Real Estate License #01900078

Property Details

Home Type

  • Multi-Family

Year Built

  • 2011

Lot Details

  • 5,680 Sq Ft Lot
  • Sprinklers on Timer
  • Grass Covered Lot

Home Design

  • Triplex
  • Modern Architecture
  • Steel Frame
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 3,864 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Fire Sprinkler System
  • Washer and Dryer

Kitchen

  • Dishwasher
  • Kitchen Island
  • Disposal

Parking

  • 6 Parking Spaces
  • Electric Vehicle Home Charger
  • Covered Parking
  • On-Street Parking

Outdoor Features

  • Balcony
  • Shed

Additional Features

  • Solar Power System
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $2,930
  • Insurance Expense $4,509
  • Maintenance Expense $1,500
  • Other Expense $2,310
  • Utility Expense $3,338
  • Trash Expense $2,571
  • Operating Expense $77,645
  • Gross Income $192,852

Property Details

Home Type

Multi-Family

Year Built

2011

Lot Details

0

Listing Details

  • Zoning: R318
  • Subclass: Triplex
  • Style: Modern / High Tech
  • Age: 14
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3864
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2011

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Island, Pantry
  • Living Sq Ft: 3864
  • Stories: 2
  • Security: Fire System - Sprinkler
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter, Steel Frame
  • Roof: Polyurethane
  • Yard/Grounds: Balcony / Patio, Low Maintenance, Sprinklers - Auto, Storage Shed / Structure

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Covered Parking, Electric Car Hookup, On Street

Utilities

  • Cooling System: Central Ac
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Schools

  • School District: Mountain View-Los Altos Union High

Lot Info

  • Lot Acres: 0.1304
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5680.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5680.00

Green Features

  • Energy Features: Solar Power

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 25.14
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 4509
  • Expense Landscape: 2930
  • Expense Maintenance: 1500
  • Expenses Other: 2310
  • Expenses Total: 77645
  • Expenses Utility: 3338
  • Expense Trash: 2571
  • Income Annual Gross: 192852.00
  • Income Annual Rental: 197316
  • Income Gross Scheduled: 198816
  • Income Includes: Rents
  • Income Other: 1500
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2025 06/28/25 Pending -- -- --
06/11/2025 06/11/25 For Sale $4,998,000 +29.3% $1,293 / Sq Ft
06/29/2023 06/29/23 Sold $3,865,000 +2.0% $1,000 / Sq Ft
06/03/2023 06/03/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $3,788,000 -- $980 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82010669

MLSListings

APN: 170-38-024