558 Lassen Street, Los Altos, California 94022, Los Altos, 94022 - 5 bed, 5 bath
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Los Altos, California 94022
Analysis of 558 Lassen Street, Los Altos, California 94022 is currently available with a list price of $3,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Altos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1971 with renovations that appear to be 20+ years old. While the listing mentions remodeled kitchens, the visible bathroom features dated floral tile and light oak cabinetry, and the living area retains a dated brass fireplace. The property is well-maintained and functional but requires cosmetic updates to systems and finishes to meet modern standards.
The unique triplex configuration offers exceptional flexibility, allowing for a multi-generational family compound or an owner-occupied residence with significant rental income to offset the mortgage.
Situated in a highly desirable neighborhood close to downtown Los Altos, the property provides convenient access to premium shopping, dining, and high-end local amenities.
With 4,181 square feet of living space, the property features remodeled kitchens, hardwood flooring, and attractive architectural details like wood-beamed peaked ceilings.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
The large 4,181 square foot building footprint on a 7,100 square foot lot leaves limited outdoor yard space, which may be a drawback for buyers seeking traditional suburban recreation areas.
The hybrid nature of a single-family home converted into a triplex may create complexities regarding financing, zoning perceptions, or future redevelopment compared to a standard residential asset.
Very rare opportunity. This property started out as a single-family home but was added onto to create a triplex. That is why it looks like a single-family from the front but is also listed as a triplex (ML820448414). As it is used, it is a huge 4,181 square foot multi-family building built in 1971 on a 7,100 square foot lot in a highly desirable neighborhood. The original front unit has 2 bedrooms and two baths, with hardwood floors, a remodeled kitchen, separate dining room and living room. The units added back in the late 60's include a 2 bedroom and 2 baths unit, with a spectacular living room with wood beamed peaked ceiling and fireplace, hardwood floors, a large dining room and a remodeled kitchen. The second bedroom in this unit is upstairs with its own bathroom. And in the back, above the two-car garage, is a studio with a galley kitchen and its own bathroom. This could be a perfect opportunity for a multi-family compound or for a downsizing person who wants to live close to downtown but also wants mortgage relief or income from other rental units.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 68% |
| Baths | 5.0 | 3.0 | 87% |
| Square foot | 4,181 | 2,635 | 77% |
| Lot Size | 7,100 | 18,750 | 16% |
| Price | $3.50M | $5.25M | 23% |
| Price per sq ft | $837 | $1.8K | 3% |
| Built year | 1971 | 1968 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 114 | 6% |
May 26, 2026
$3,500,000
Initial Listing