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.
For sale
$2,175,000
Los Gatos, CA 95032
8beds
5baths
3,681sqft
Quadruplex, Residential Income
Built in 1963
-- sqft lot
$2,202,900 Zestimate®
$591/sqft
$-- HOA
What's special
- 17 days
- 306
- 23
Zillow last checked:
Listing updated:
Listed by:
Mitchell Zurich 01870648 408-888-9594,
Marcus & Millichap 650-391-1700
Source: MLSListings Inc,MLS#: ML82059591
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Other, Wall Furnace
Cooling
- None
Features
- Doors: None
Interior area
- Total structure area: 3,681
- Total interior livable area: 3,681 sqft
Property
Parking
- Total spaces: 5
- Parking features: Carport
- Carport spaces: 5
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 8,400 Square Feet
Details
- Parcel number: 40911018
- Zoning: RM51
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition
Condition
- Year built: 1963
Utilities & green energy
- Water: Water On Site
- Utilities for property: Individual Electric Meters
Community & HOA
Location
- Region: Los Gatos
Financial & listing details
- Price per square foot: $591/sqft
- Annual tax amount: $25,991
- Date on market: 8/31/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: Building, Land
- Lease term: Month To Month
Estimated market value
$2,202,900
$2.09M - $2.31M
$3,584/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2026 | Listed for sale | $2,175,000$591/sqft |
Source: | ||
| 9/1/2026 | Contingent | $2,175,000$591/sqft |
Source: | ||
| 8/31/2026 | Listed for sale | $2,175,000+81.3%$591/sqft |
Source: | ||
| 12/21/2012 | Sold | $1,200,000$326/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,507,259 +2% |
| 2025 | $20,107 +2.9% | $1,477,706 +2% |
| 2024 | $19,532 +1.4% | $1,448,732 +2% |
| 2023 | $19,270 +0.8% | $1,420,327 +2% |
| 2022 | $19,110 +2.1% | $1,392,478 +2% |
| 2021 | $18,714 +2.5% | $1,365,175 +1% |
| 2020 | $18,251 | $1,351,177 +2% |
| 2019 | $18,251 +4.7% | $1,324,684 +2% |
| 2018 | $17,432 | $1,298,710 +2% |
| 2017 | $17,432 +1.9% | $1,273,246 +2% |
| 2016 | $17,106 +8.7% | $1,248,282 +1.5% |
| 2015 | $15,740 +3.5% | $1,229,532 +2% |
| 2014 | $15,201 | $1,205,448 +0.5% |
| 2013 | -- | $1,200,000 +110% |
| 2012 | -- | $571,457 +2% |
| 2011 | -- | $560,253 +0.8% |
| 2010 | -- | $556,066 -0.2% |
| 2009 | -- | $557,388 +2% |
| 2008 | -- | $546,460 +2% |
| 2007 | -- | $535,746 +2% |
| 2006 | -- | $525,242 +2% |
| 2005 | -- | $514,944 +2% |
| 2004 | -- | $504,848 +1.9% |
| 2003 | -- | $495,596 +2% |
| 2002 | -- | $485,879 +2% |
| 2001 | -- | $476,353 |
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 95032
Nearby schools
Schools provided by the listing agent
- District: CampbellUnionElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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