$2,175,000
PENDING

Estimated payment $13,676/month

Total Views 70
8 Beds
5 Baths
3,681 Sq Ft
$591 Price per Sq Ft

About This Home

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.

Listing Agent

Mitchell Zurich

Marcus & Millichap License #01870648 Listed on: 08/31/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,681 Sq Ft Home
  • 2-Story Property

Parking

  • 1 Parking Space
  • 5 Carport Spaces
  • Uncovered Parking

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,430
  • Insurance Expense $2,839
  • Maintenance Expense $2,000
  • Other Expense $1,389
  • Utility Expense $4,609
  • Trash Expense $2,301
  • Operating Expense $40,559
  • Gross Income $133,104

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Zoning: RM51
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3681
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3681
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Carport, Uncovered Parking
  • Carport Min: 5

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8400.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 16.14
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 2839
  • Expense Landscape: 1430
  • Expense Maintenance: 2000
  • Expenses Other: 1389
  • Expenses Total: 40559
  • Expenses Utility: 4609
  • Expense Trash: 2301
  • Income Annual Gross: 133104.00
  • Income Annual Rental: 133104
  • Income Gross Scheduled: 134736
  • Income Includes: Laundry, Rents
  • Income Other: 1632
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities, Vacancy Factor
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 3
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $20,107 $1,507,259 $1,004,840 $502,419
2025 $19,532 $1,477,706 $985,138 $492,568
2024 $19,532 $1,448,732 $965,822 $482,910
2023 $19,270 $1,420,327 $946,885 $473,442
2022 $19,110 $1,392,478 $928,319 $464,159
2021 $18,714 $1,365,175 $910,117 $455,058
2020 $18,251 $1,351,177 $900,785 $450,392
2019 $17,917 $1,324,684 $883,123 $441,561
2018 $17,432 $1,298,710 $865,807 $432,903
2017 $17,106 $1,273,246 $848,831 $424,415
2016 $16,055 $1,248,282 $832,188 $416,094
2015 $15,740 $1,229,532 $819,688 $409,844
2014 $15,201 $1,205,448 $803,632 $401,816
Source: Public Records

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
09/01/2026 09/01/26 Pending -- -- --
08/31/2026 08/31/26 For Sale $2,175,000 -- $591 / Sq Ft
Source: MLSListings

Purchase 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 Type Sale Price Title Company
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $1,200,000 Chicago Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $1,050,000 New Conventional
Previous Owner $367,200 Unknown
Source: Public Records

Source: MLSListings

MLS Number: ML82059591

MLSListings

APN: 409-11-018

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