NOT LISTED FOR SALE
7 Beds
7 Baths
3,864 Sq Ft
5,680 Sq Ft Lot

Sale Details

Date Sold: July 24, 2025

Last sale price $4,500,000 $1,165 Per Sq Ft

16 Days on Market

Highlights

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

About This Home

As of July 2025

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!

Last Agent to Sell the Property

David Katz

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

Co-Listed By

Eric Katz

Magnify Real Estate License #01900078

Last Buyer's Agent

Craig Pellegrini

Redfin License #01400656

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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
  • Urethane Roof
  • 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

  • Total Actual Rent $197,316
  • 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

5,680 Sq Ft Lot

Listing Details

  • Zoning: R318
  • Subclass: Triplex
  • Style: Modern / High Tech
  • 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

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2025 07/24/25 Sold $4,500,000 -10.0% $1,165 / Sq Ft
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 View Prior Sale
06/03/2023 06/03/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $3,788,000 -- $980 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $50,884 $4,500,000 $3,000,000 $1,500,000
2025 $48,502 $4,021,146 $2,772,666 $1,248,480
2024 $48,502 $3,942,300 $2,718,300 $1,224,000
2023 $20,891 $1,531,886 $861,995 $669,891
2022 $20,543 $1,501,850 $845,094 $656,756
2021 $21,073 $1,472,403 $828,524 $643,879
2020 $21,320 $1,457,306 $820,029 $637,277
2019 $20,947 $1,428,732 $803,950 $624,782
2018 $18,082 $1,400,719 $788,187 $612,532
2017 $17,421 $1,373,255 $772,733 $600,522
2016 $17,400 $1,346,330 $757,582 $588,748
2015 $16,961 $1,326,108 $746,203 $579,905
2014 -- $1,300,132 $731,586 $568,546
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML82010669

MLSListings

APN: 170-38-024

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