NOT LISTED FOR SALE
3 Beds
3 Baths
1,392 Sq Ft
5,611 Sq Ft Lot

Last Sold August 22, 2018

Last sale price $1,350,000 $970 Per Sq Ft

39 Days on Market

Highlights

  • City Lights View
  • Louise Van Meter Elementary School Rated A
  • 1-Story Property

About This Home

As of August 2018

Rare opportunity to own rental property close to downtown Los Gatos with amazing city light views! Live in the spacious 2/1 with a garage while renting out the other units, or rent them all! Located in a neighborhood of multi-million dollar homes this property has fantastic upside potential for a savvy investor or owner occupant. Close to Los Gatos schools, shops, parks and major thoroughfares.

Last Agent to Sell the Property

Daniel Rubnitz

Christie's International Real Estate Sereno License #01015666 Listed on: 06/07/2018

Christie's International Real Estate Sereno

Co-Listed By

Brian Bernasconi

Christie's International Real Estate Sereno License #01363508

Christie's International Real Estate Sereno

Last Buyer's Agent

Brian Bernasconi

Christie's International Real Estate Sereno License #01363508

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 5,611 Sq Ft Lot
  • Lot Sloped Down

Parking

  • 1 Car Garage
  • Uncovered Parking

Property Views

  • City Lights
  • Valley

Home Design

  • Triplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,392 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $67,000

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $3,000
  • Maintenance Expense $10,000
  • Operating Expense $33,000
  • Gross Income $67,000

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Parking

1

Listing Details

  • Zoning: R18
  • Subclass: Triplex
  • Style: Ranch
  • Age: 59
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1392
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 1392
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: City Lights, Valley
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Uncovered Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Middle School: Raymond J. Fisher Middle
  • High School: Los Gatos High
  • High School: 262
  • Middle School: 141

Lot Info

  • Lot Description: Grade - Sloped Down
  • Lot Acres: 0.1288
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5611.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5611.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 22.37
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3000
  • Expense Maintenance: 10000
  • Expenses Total: 33000
  • Income Annual Gross: 67000.00
  • Income Annual Rental: 67000
  • Income Gross Scheduled: 67000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2018 08/22/18 Sold $1,350,000 -9.9% $970 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
07/14/2018 07/14/18 Price Changed $1,499,000 -9.2% $1,077 / Sq Ft
07/02/2018 07/02/18 For Sale $1,650,000 0.0% $1,185 / Sq Ft
06/20/2018 06/20/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $1,650,000 -- $1,185 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81709155

MLSListings

APN: 529-23-004