Remodeled Triplex with Private
For Sale
$3,280,000
Pending
10308 Alpine Drive, Cupertino, CA 95014
Move-in-ready income triplex with in-unit laundry and A/C for owner and tenants.
Property Size4,556 SF
Days on Market96
Property Features for 10308 Alpine Drive
General Information
Standard status
Pending
Size
4,556 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$39,516
Building Details
Year Built
1974
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Thrive
(650) 823-8003
Listed By:
Renna Shee · License #01906557
(650) 823-8003
Source:
Exitrealty
Added: May 8
Changed: Aug 8
Last Checked: Jul 23 at 7:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Thrive
Investment Insights
Based on property information with market context.
This newly remodeled triplex offers a two-story owner’s unit plus two additional rental units. Unit #A features approximately 2,166 square feet with three bedrooms, two and a half bathrooms, A/C, a dedicated laundry room, a two-car garage, and a large private backyard. Units #B and #C each provide approximately 1,195 square feet with two bedrooms, two bathrooms, and in-unit laundry, along with access to a shared garage. Unit #B also includes a generously sized private yard, adding an extra outdoor option for occupants.
Located in Cupertino, the property is described as being near Stevens Creek Reservoir, scenic hiking trails, premier shopping, and major tech employers including the Apple Campus. It is positioned for day-to-day convenience with multiple unit layouts that can support both owner-occupant and tenant needs.
The arrangement makes this home well-suited for buyers seeking a move-in-ready, owner-and-rent setup while maintaining separate living spaces for each unit. With in-unit laundry in all three homes, A/C in the owner’s unit, and garage access for the rental units, the property is designed to reduce friction for tenants and support straightforward management. The offering is presented as having never had a vacant unit, and it is currently offered for sale in remodeled condition.
Located in Cupertino, the property is described as being near Stevens Creek Reservoir, scenic hiking trails, premier shopping, and major tech employers including the Apple Campus. It is positioned for day-to-day convenience with multiple unit layouts that can support both owner-occupant and tenant needs.
The arrangement makes this home well-suited for buyers seeking a move-in-ready, owner-and-rent setup while maintaining separate living spaces for each unit. With in-unit laundry in all three homes, A/C in the owner’s unit, and garage access for the rental units, the property is designed to reduce friction for tenants and support straightforward management. The offering is presented as having never had a vacant unit, and it is currently offered for sale in remodeled condition.
Key Highlights
- Move‑in‑ready remodeled 1974‑built triplex in the Cupertino school district
- Owner’s unit #A is about 2,166 SF with 3 bedrooms, 2.5 bathrooms, A/C, dedicated laundry, and a 2‑car garage
- Units #B and #C are each about 1,195 SF with 2 bedrooms, 2 bathrooms, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$101,564
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,031,280
$2.0M
Cap Rate 7%
$1,450,914
$1.5M
Cap Rate 9%
$1,128,489
$1.1M
Market Conditions
NOI Build-Up for 4,556 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$153.1K $33.60/SF
− Vacancy
−$8.0K −$1.75/SF
EGI
$145.1K $31.85/SF
− OpEx
−$43.5K −$9.55/SF
NOI
$101.6K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,031,280
Cap Rate 7%
$1,450,914
Cap Rate 9%
$1,128,489
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,564 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,600 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,537 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 95014, CA
62,585
Population
23,310
Households
2.7
Avg Household Size
41
Median Age
83%
College-Educated
97%
High-School Grad
24.9 sq mi
ZIP Area
2,513
Density / Sq Mi
$229,074
Median Household Income
$151,245
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Move-in-ready income triplex with in-unit laundry and A/C for owner and tenants.
Where is this triplex located?
The property is located at 10308 Alpine Drive Cupertino, CA.
What is the asking price?
The asking price for this property is $3,280,000.
What are key features of this property?
This property features: Move‑in‑ready remodeled 1974‑built triplex in the Cupertino school district; Owner’s unit #A is about 2,166 SF with 3 bedrooms, 2.5 bathrooms, A/C, dedicated laundry, and a 2‑car garage; Units #B and #C are each about 1,195 SF with 2 bedrooms, 2 bathrooms, and in‑unit laundry
