54 Cleland Ave - Apartments FOR SALE


Los Gatos, CA 95030
$4,350,000 USD
408-857-2026
54 Cleland Ave, Los Gatos, CA for Sale
$4,350,000 USD
Apartments - FOR SALE
1/49
null | 2.78% Cap Rate

54 Cleland Ave
Los Gatos, CA 95030


HIGHLIGHTS

  • Located in the very center of downtown Los Gatos
  • Close to Los Gatos Creek Trail, local restaurants, town square, farmers market, and local parks, and so much more
  • Each unit has been designed with functionality and privacy
  • This property has a mixture of 2 bedroom units; 1 enclosed bedroom plus a loft bedroom and 1 bedroom studio/loft units.
  • Mountain and Town Views
  • Los Gatos-Saratoga Joint Union High School District

OVERVIEW

Welcome to this Incredible Carmel Style multiplex located in the very center of downtown Los Gatos. This property boasts 4 separate buildings with a total of 8 total units and approximately 7339 square feet of living space on a 15,000 square foot hillside lot. This location is hard to beat, making this an exceptional investment opportunity. Located just moments from the Los Gatos Creek Trail, local restaurants, town square, farmers market, and local parks, and so much more! Stunning mature oak trees and redwoods cradle the buildings at this complex. Each unit has been designed with functionality and privacy, with each offering a spacious deck, high loft ceilings, and open living feel. This property has a mixture of 2 bedroom units (1 enclosed bedroom plus a loft bedroom) and 1 bedroom studio/loft units. Don't miss this incredible investment opportunity! 7,339 Sqft 0.35 Acres 15,246 Sqft Views: City Lights, Downtown, Greenbelt, Mountains, Valley Public Utilities Los Gatos-Saratoga Joint Union High

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$593 USD /SF

# OF UNITS

8

PRICE/UNIT

$543,750

CAP RATE

2.78%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

RMH

APN/PARCEL ID

529-33-024

ASK ABOUT THIS PROPERTY

Samantha Moser-WingoThe AgencyMore Info
408-857-2026

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Samantha Moser-WingoThe AgencyMore Info
408-857-2026

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