209 Milbrae Ln - Apartments FOR SALE


Los Gatos, CA 95032
$4,300,000 USD
650-391-1734
209 Milbrae Ln, Los Gatos, CA for Sale
$4,300,000 USD
Apartments - FOR SALE
1/54
null | 4.02% Cap Rate

209 Milbrae Ln
Los Gatos, CA 95032


HIGHLIGHTS

  • Fully Renovated Turnkey Multifamily Asset
  • Walking Distance To Downtown Los Gatos
  • Exceptional Unit Mix of One-and-Two Bedroom Units
  • Superior Interior Finishes Including Mini AC Split Systems & In-Unit Washer-Dryers

OVERVIEW

The Rubio Group of Marcus & Millichap is pleased to present 209 Milbrae Lane, an eight-unit apartment complex, located in Los Gatos, CA. 209 Milbrae Lane is a fully upgraded turnkey investment property in Los Gatos, CA. The asset was constructed in 1958, and fully renovated in 2018. It sits on a 12,062 square foot lot, offering 5,750 square feet of building area. 209 Milbrae Lane offers (6) six one-bed, one-bath units, and (2) two-bed, one-bath units, all of which have been fully upgraded including: LPV flooring, granite counter tops, new cabinets and fixtures in the kitchens and bathrooms, central HVAC and in-unit washer and dryers. In addition to high-end interior renovations, the complex offers tenants private covered parking stalls, individual 8x8 storage spots, and a small private fenced interior courtyard. An investor could not ask for a better location. 209 Milbrae sits within walking distance to the numerous premium retail and restaurant options of down town Los Gatos. Furthermore, tenants living here are within the highly rated and prestigious Los Gatos-Saratoga Union High School District which makes this asset a poplar choice for tenants looking to be within this school district.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$576 USD /SF

# OF UNITS

8

PRICE/UNIT

$537,500

CAP RATE

4.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,062 SF

ZONING

RM520

APN/PARCEL ID

529-08-034

ASK ABOUT THIS PROPERTY

Fred RubioMarcus & MillichapMore Info
650-391-1734

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Fred RubioMarcus & MillichapMore Info
650-391-1734

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