NOT LISTED FOR SALE

9 Forrest Ave Los Gatos, CA 95032

West Los Gatos Neighborhood
6 Beds
5 Baths
2,549 Sq Ft
0.3 Acres

Last Sold October 01, 2021

Last sale price $2,275,000 $893 Per Sq Ft

60 Days on Market

Highlights

  • Private Pool
  • Mountain View
  • Cottage
  • Daves Avenue Elementary School Rated A
  • Vaulted Ceiling
  • Beamed Ceilings

About This Home

As of October 2021

The Cottages is a hidden jewel with incredible location in Downtown Los Gatos near Oak Meadow Park. 4 beautiful cottages with attractive patios and gardens for serenity and relaxation. In-ground concrete pool, Gazebo, sun deck and lounge area for tenants and guests, dedicated parking spaces plus on street parking. Golden opportunity for new buyer to take advantage of upcoming zoning change. Planning department and town council are set to double the density with new zoning going for approval in December. Possibility to build seven new townhomes up to 35 feet in height. Potential for three-story units with two car garages on first floor and living space on second and third floors. Write offers subject to inspection following acceptance of offer. PLEASE DRIVE BY PROPERTY ONLY. DO NOT DISTURB the tenants and DO NOT WALK onto the property. Multiple options for new owner: , explore future redevelopment option. Guided tour only after acceptance of offer.

Last Agent to Sell the Property

Mark Miano

KW Bay Area Estates License #00762817 Listed on: 07/02/2021

KW Bay Area Estates

Co-Listed By

Jackie Miano

KW Bay Area Estates License #00990781

Last Buyer's Agent

Annette Seaborn

Coldwell Banker Realty License #01348743

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1899

Lot Details

  • 0.3

Home Design

  • Cottage
  • Bungalow
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,549 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Mountain Views

Parking

  • 4 Parking Spaces
  • No Garage
  • Covered Parking
  • Lighted Parking
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking
  • Unassigned Parking

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

Additional Features

  • Private Pool
  • 0.3 Acre Lot

Listing and Financial Details

  • Total Actual Rent $117,756
  • Month-to-Month Lease Term

Community Details

Building Details

  • 3 Leased Units
  • Gardener Expense $2,100
  • Insurance Expense $2,826
  • Maintenance Expense $1,813
  • Other Expense $26,686
  • Utility Expense $6,471
  • Trash Expense $1,200
  • Operating Expense $44,740
  • Gross Income $117,956

Additional Features

  • 2,549 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1899

Lot Details

0

Listing Details

  • Zoning: RM520
  • Subclass: Multiple Dwellings / Structures
  • Style: Bungalow, Cottage
  • Age: 122
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2549
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1899

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 2549
  • Stories: 1
  • Laundry: Coin Operated
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Pool Description: Yes
  • Roof: Composition, Shingle
  • View: Mountains
  • Pool: Community Facility, Pool - In Ground, Pool - Sweep
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, Lighted Parking Area, No Garage, Off-Street Parking, On Street, Parking Area, Parking Restrictions, Unassigned Spaces, Uncovered Parking

Utilities

  • Cooling System: Central Ac, Window / Wall Unit
  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Open Beam Ceiling, Vaulted Ceiling

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Elementary School: Daves Avenue Elementary
  • Middle School: Raymond J. Fisher Middle
  • High School: Los Gatos High
  • High School: 262
  • Elementary School: 140
  • Middle School: 141

Lot Info

  • Lot Acres: 0.3007
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13099.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13099.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 25.42
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2826
  • Expense Landscape: 2100
  • Expense Maintenance: 1813
  • Expenses Other: 26686
  • Expenses Total: 44740
  • Expenses Utility: 6471
  • Expense Trash: 1200
  • Income Annual Gross: 117956.00
  • Income Annual Rental: 117756
  • Income Gross Scheduled: 117956
  • Income Includes: Laundry, Rents
  • Income Other: 200
  • Meters: Separate Other
  • Number Of Buildings: 3
  • Operating Expenses Include: Depreciation, Insurance, Maintenance - Repair, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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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
10/01/2021 10/01/21 Sold $2,275,000 -24.1% $893 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $2,999,000 -- $1,177 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Miano

    Seller's Agent in 2021

    Mark Miano

    KW Bay Area Estates

    (408) 821-1111

    14 in this area

    50 Total Sales

    Section Image
  • Jackie Miano

    Seller Co-Listing Agent in 2021

    Jackie Miano

    KW Bay Area Estates

    (408) 482-0005

    11 in this area

    38 Total Sales

    Section Image
  • Annette Seaborn

    Buyer's Agent in 2021

    Annette Seaborn

    Coldwell Banker Realty

    (408) 859-5881

    8 in this area

    32 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81849007

MLSListings

APN: 529-10-017

California Santa Clara County Los Gatos 95032 West Los Gatos

9 Forrest Ave, Los Gatos, CA

This home is located at 9 Forrest Ave, Los Gatos, CA 95032 since 02 July 2021. This property was built in 1899. 9 Forrest Ave is a home located in Santa Clara County with nearby schools including Daves Avenue Elementary School, Loma Prieta Elementary School, and Raymond J. Fisher Middle School.

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