105 Forrest Ave - Apartments FOR SALE


Los Gatos, CA 95032
$13,888,888 USD
669-291-1848
105 Forrest Ave, Los Gatos, CA for Sale
$13,888,888 USD
Apartments - FOR SALE
1/42
null | 3.4% Cap Rate

105 Forrest Ave
Los Gatos, CA 95032


HIGHLIGHTS

  • For the first time on the market in 30 years, Three Oaks of Los Gatos is an opportunity to purchase a stunning 28-unit apartment complex.
  • Community amenities include a refreshing pool, covered parking, bike storage, courtyard areas, laundry facilities, and balconies and patios.
  • Over $200,000 in improvements within the past 12 months upgraded the façade, modernized the apartments, and updated the beautiful landscaping.
  • Walkable to Downtown Los Gatos, with exceptional restaurants, year-round special events, and a variety of boutiques and national retailers.

OVERVIEW

Compass is pleased to offer this beautiful 28-unit apartment building, perfectly situated within walking distance of the vibrant heart of Downtown Los Gatos. This prime location provides the perfect blend of convenience and tranquility, allowing easy access to shops, restaurants, parks, and entertainment. Spanning 26,241 square feet, this thoughtfully designed community sits on a generous 35,424-square-foot lot and features a variety of floor plans to suit diverse needs. The building comprises 12 spacious two-bedroom, one-bath units, ideal for small families or roommates. Plus, two comfortable two-bedroom, 1.5-bath units offer more space and convenience. In addition to 10 cozy one-bedroom, one-bath units are perfect for singles or couples seeking a comfortable living space. Finally, four generous three-bedroom, two-bath units accommodate larger families or those desiring extra room. Residents can also enjoy a refreshing pool, perfect for relaxation and recreation. Each unit is crafted with modern amenities and finishes, ensuring a comfortable and stylish living experience. Discover a new home in this charming Los Gatos community, where convenience meets comfort, all within a short stroll to downtown.

FOR SALE DETAILS

PRICE

$13,888,888 USD

PRICE/SF

$544 USD /SF

# OF UNITS

28

PRICE/UNIT

$496,032

CAP RATE

3.4%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three Oaks of Los Gatos

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,424 SF

ZONING

R-M : 5-12, Los Gatos

APN/PARCEL ID

529-10-077

ASK ABOUT THIS PROPERTY

Dominic GluhaichCompassMore Info
669-291-1848

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Dominic GluhaichCompassMore Info
669-291-1848

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.