263 Los Gatos Blvd - Multi-Family FOR SALE


Los Gatos, CA 95030- East Los Gatos
$3,095,000 USD
415-722-2200
263 Los Gatos Blvd, Los Gatos, CA for Sale
$3,095,000 USD
Multi-Family - FOR SALE
1/26
null | 3.63% Cap Rate

263 Los Gatos Blvd
Los Gatos, CA 95030
East Los Gatos


HIGHLIGHTS

  • 1990 Construction With Comprehensive Infrastructure Upgrades
  • Rarely Available Los Gatos 4-plex With Large Floorplans
  • Proximate to Restaurant and Retail Options of Downtown Los Gatos

OVERVIEW

263 Los Gatos Boulevard is a true pride of ownership property located in the highly coveted submarket of Los Gatos. Built in 1990, this immaculately maintained property contains (4) 2 bed 2 bath townhome style units ranging between 1,115 – 1,160 sq, ft. The property features in-unit laundry, copper plumbing, fire-sprinklers, forced air heat and A/C, individual water heaters, Pella double-hung windows, Siemens electrical breakers, updating flooring, kitchens and bathrooms, and two units have gas fireplaces. The roof, skylights and gutters were replaced in 2020, the fences were mostly redone in 2022 & 2023, and the property has a fresh coat of paint. This highly sought after location is walking distance to Downtown Los Gatos retail and restaurants, feeds to award winning Los Gatos schools, and is convenient to major freeways and recreation. The town of Los Gatos possesses enviable demographics including median home prices of over $2m; 75% of residents possess a bachelor’s degree or higher, and boasts median household income of over $200,000. One unit is currently vacant, ideal for owner-occupier buyer or investor alike.

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/SF

$683 USD /SF

# OF UNITS

4

PRICE/UNIT

$773,750

CAP RATE

3.63%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,754 SF

ZONING

R-1D

APN/PARCEL ID

529-24-020

ASK ABOUT THIS PROPERTY

Joel HopmanARA NewmarkMore Info
415-722-2200

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Joel HopmanARA NewmarkMore Info
415-722-2200

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