878 Castlewood Drive

Los Gatos, CA 95032

$2,198,000
Price
Beds
3,681 Sq. Ft.
$597 / Sq. Ft.
3,681
Sq. Ft.
$597
per Sq. Ft.

Description

Wonderful investment opportunity to purchase a 4-plex in Los Gatos. Fully Occupied and on the market for the first time in 40 years. This property consists of (1) 3 bedrooms/2 baths with enclosed patio area (2) 2 bedrooms/1 bath (1) 1 bedroom/1 bath. Shared coin operated laundry room, covered parking. Most of the units have been updated. Great location with easy access to Hwy 85 and Hwy 17. Close to downtown Los Gatos & Campbell, Vasona Park, Los Gatos Creek Trail, El Camino Hospital. Excellent schools...Wonderful investment opportunity to purchase a 4-plex in Los Gatos. Fully Occupied and on the market for the first time in 40 years. This property consists of (1) 3 bedrooms/2 baths with enclosed patio area (2) 2 bedrooms/1 bath (1) 1 bedroom/1 bath. Shared coin operated laundry room, covered parking. Most of the units have been updated. Great location with easy access to Hwy 85 and Hwy 17. Close to downtown Los Gatos & Campbell, Vasona Park, Los Gatos Creek Trail, El Camino Hospital. Excellent schools nearby. Don't miss out on this rare opportunity!
  1. Listed by Alexandra Celo-Cruz • DRE #01482661 • Brokerage DRE #01482661 • Los Gatos Properties • 408-221-8101

Property Details for 878 Castlewood Drive

MLS City Name
LOS GATOS
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
1

Location

Listing Courtesy of Los Gatos Properties, Alexandra Celo-Cruz, DRE #01482661
Add your commute
LISTING UPDATED: 07/11/2024 05:37 PM

Property Details for 878 Castlewood Drive

StatusActive
MLS #ML81968783
Days on Compass40
Taxes$8,905 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1963
Lot Size0.19 AC / 8,276 SF
CountySanta Clara County

Location

Listing Courtesy of Los Gatos Properties, Alexandra Celo-Cruz, DRE #01482661
Add your commute

Building Information for 878 Castlewood Drive

Stories2Residences4Year Built1963Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$12,737 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,995

Property Taxes

$742

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 878 Castlewood Drive

Features
External Links
Room Information
  • Kitchen: Countertop - Granite, Countertop - Other, Dishwasher, Oven Range - Electric, Refrigerator
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 3681
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Central Forced Air - Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Los Gatos/Monte Sereno
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 878
  • Street Name: Castlewood
  • Street Suffix: Drive
  • Area ID: 16
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3681
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Zoning Detail: RM51
Location Information
  • Parcel Number: 409-12-019
  • County Name: Santa Clara
  • City Name: LOS GATOS
  • City Postal ID: 30
  • Postal Code: 95032
  • Elementary School District: 454
  • High School District Text: Campbell Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .19
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $8,905
  • Building Unit Total: 4
  • Capitalization Rate: 3.19
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $2,602
  • Expense Landscape: $2,100
  • Expense Maintenance: $3,250
  • Expense Management: $8,172
  • Expense Trash: $3,823
  • Expenses Other: $161
  • Expenses Utility: $5,286
  • Expenses Total: $34,299
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Services - Gardener, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 20.64
  • Income Annual Gross: $104,343
  • Income Annual Rental: $105,600
  • Income Gross Scheduled: $106,472
  • Income Other: $872
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $2,550
Unit 2 Information
  • Unit 2 Approx Square Footage: 675
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,900
Unit 3 Information
  • Unit 3 Approx Square Footage: 953
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,200
Unit 4 Information
  • Unit 4 Approx Square Footage: 953
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,150
Unit Type 1
  • Unit Type1 Approx SqFt: 1100

Property History for 878 Castlewood Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 878 Castlewood Drive

Taxable ValueLand$223,418Additions$324,985Total$548,403
Tax Record2023$8,905 ($742 / month)
Home Facts
Total Finished SqFt3,681 SqFtAbove Grade Finished SqFt3,681 SqFtStories2Lot Size8,400 SqFtStyleQuadraplexYear Built1963ZoningRM51CountySANTA CLARAAPN409-12-019Fireplace TypeHas Fireplace

Schools near 878 Castlewood Drive

This home is within Campbell Union School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 5 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Marshall Lane Elementary School
CharterK to 5

Rolling Hills Middle School
Charter5 to 8

Westmont High School
Public9 to 12

Village
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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878 Castlewood Drive is a multi-family home for sale in Los Gatos, CA 95032. This property was listed for sale on June 7, 2024 by Los Gatos Properties, it's currently listed at $2,198,000. This listing's school districts are Campbell Union School District, Campbell Union High School District. Nearby schools include Marshall Lane Elementary School, Rolling Hills Middle School and Westmont High School. 878 Castlewood Drive is a 0-bed, 0-bath, 3,681 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Los Gatos Properties, Alexandra Celo-Cruz, DRE #01482661

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.