Dual-Residence Income
4399 Glenwood DR Scotts Valley, CA 95066
New
4399 Glenwood DR, Scotts Valley, CA, 95066
$1,199,000
For Sale
$1,199,000
MULTI_FAMILY - Scotts Valley, CA
Property Size1,930 SF
Lot Size0.40 Acres
Price / SF$621.24
Days on Market2
Property Features for 4399 Glenwood DR
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RA
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Loft
- Parking
- 5
- Parking features
- Off Street, Covered
- Interior features
- High Ceiling, Vaulted Ceiling, Walk-in Closet
- Appliances
- Dishwasher, Cooktop - Gas, Hood Over Range, Oven - Self Cleaning, Refrigerator, Oven - Gas
- Standard status
- Active
- Size
- 1,930 SF
- Lot size
- 0.40 Acres
Utilities
- Utilities
- Propane
- Heating system
- Wall Furnace
- Water source
- Well
Building Details
- Year built
- 1993
- Number of units
- 2
- Flooring type
- Tile, Carpet, Laminate
- Building materials
- Wood Frame
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing Agency
Miritz & Bailey Real Estate, Inc
(831) 588-4528
1142 Soquel Ave., Santa Cruz, CA
Listed by
Lisa Dailey-goodrich · License #02155959
(831) 325-6320
Added: Jul 15 Checked: Jul 16 at 4:06 pm
MLS# ML82054170
Listing URL
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex-style income property offers two fully independent residences on separate parcels. The front home at 4399 Glenwood Dr is a 3-bedroom, 2-bath layout with updated interior finishes and is described as being meticulously maintained. The second home at 4401 Glenwood Dr is a 1-bedroom, 1-bath residence tucked behind the main house via its own private right of way. Both homes are described as updated and privately positioned with wooded views, open pastures, and a seasonal creek. The residences share a private well and a whole-house backup generator while maintaining independence through separate parcels, individual septic systems, and dedicated PG&E meters.
The property is located near the border of Scotts Valley and Los Gatos and is described as providing access to Highway 17, Santa Cruz beaches, and Silicon Valley employment hubs. Zoning is listed as RA, supporting a residential income configuration within the stated land use category.
The property is located near the border of Scotts Valley and Los Gatos and is described as providing access to Highway 17, Santa Cruz beaches, and Silicon Valley employment hubs. Zoning is listed as RA, supporting a residential income configuration within the stated land use category.
Key Highlights
- Dual‑residence property with two fully independent homes at 4399 and 4401 Glenwood Dr
- 4399 Glenwood Dr: updated 3BR/2BA with approx. 1,400 SF of living space
- 4401 Glenwood Dr: updated 1BR/1BA guest/income home with approx. 530 SF on its own private right of way
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.7k | $40.80 |
| − Vacancy | −$1.9k | −$0.97 |
| EGI | $76.9k | $39.83 |
| − OpEx | −$23.1k | −$11.95 |
| NOI | $53.8k | $27.88 |
1,930 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$768.7K
$672.6K – $896.8K
NOI $53,809 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$709.7K
$621.0K – $828.0K
NOI $49,678 @ 7.0% cap · market cap 4.14%
Theoretical Best
Retail
$1.10M
$965.6K – $1.29M
NOI $77,250 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two fully independent homes on separate parcels, sharing a private well and backup generator.
Where is this duplex located?
The property is located at 4399 Glenwood DR Scotts Valley, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Dual‑residence property with two fully independent homes at 4399 and 4401 Glenwood Dr; 4399 Glenwood Dr: updated 3BR/2BA with approx. 1,400 SF of living space; 4401 Glenwood Dr: updated 1BR/1BA guest/income home with approx. 530 SF on its own private right of way
