Remodeled Triplex with Private
10308 Alpine Drive, Cupertino, CA 95014
For Sale
$3,280,000
Pending
Move-in-ready income triplex with in-unit laundry and A/C for owner and tenants.
Property Size4,556 SF
Days on Market169
Property Features for 10308 Alpine Drive
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Business Included
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Stories
Tenancy
Listing Agency:
Keller Williams Thrive
(408) 850-6900
Listed By:
Renna Shee · License CA #01906557
(650) 823-8003
Source:
Exitrealty
Added: May 26
Changed: Oct 25
Last Checked: Oct 26 at 2:34PM
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
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Investment Insights
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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 / Yr
$102,882
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,057,640
$2.1M
Cap Rate 7%
$1,469,743
$1.5M
Cap Rate 9%
$1,143,133
$1.1M
Market Conditions
NOI Build-Up for 4,556 SF
Gross rent
$153.1K $33.60/SF
− Vacancy
−$6.1K −$1.34/SF
EGI
$147.0K $32.26/SF
− OpEx
−$44.1K −$9.68/SF
NOI
$102.9K $22.58/SF
Area
Santa Clara County, CA
Vacancy
3.99%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,057,640
Cap Rate 7%
$1,469,743
Cap Rate 9%
$1,143,133
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.29M – $1.71M
NOI $102,882 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.58M
NOI $95,062 @ 7.0% cap · market cap 2.90%
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.
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
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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
$2,000,001
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Santa Clara County, CA
Properties on Market for Triplexes in Santa Clara County
Vacancy Rate% for Multifamily in West region
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
