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    205 Milbrae Lane

    Los Gatos, CA 95032
    • $3,998,000
    • STATUS: Active
    • ON SITE: 135 days
    • ID#: ML81795629
    UPDATED: 46 min ago
    $3,998,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Desirable, turn key Los Gatos 8 Unit Multi-Family investment opportunity within a short stroll to downtown Los Gatos shopping and restaurants, near Whole Foods Market, Lunardi's Market and the Los Gatos Trail. The building is approximately 12 miles from Apple's new "Spaceship" campus, 8 miles from Santana Row and Valley Fair and 2.5 miles from Netflix Los Gatos Campus. Extensive interior and exterior capital improvements have just been completed by DeMattei Construction and the building is currently being leased and managed by professional property management. Desirable Unit-Mix consisting of Four 2BED/1BATH units and Four 1BED/1BATH Units. Improvements/Updates include: a new roof, dual pane windows, exterior stair system, exterior paint, private patios, landscaping, hardscape, flooring, interior paint and appliances. This building has great curb appeal and shows pride of ownership. There are currently 4 occupied units with annual leases.

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-20T14:39:48.53.

    www.searcheastbayrealestate.com/homes/106619218
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    205 Milbrae Lane Los Gatos, CA 95032

    • Price: $3,998,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: ML81795629
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    1958
    Built
    Neighborhood:
    All Other Counties/States
    County:
    Santa Clara
    Area:
    All Other Counties/States
    Property Description
    Desirable, turn key Los Gatos 8 Unit Multi-Family investment opportunity within a short stroll to downtown Los Gatos shopping and restaurants, near Whole Foods Market, Lunardi's Market and the Los Gatos Trail. The building is approximately 12 miles from Apple's new "Spaceship" campus, 8 miles from Santana Row and Valley Fair and 2.5 miles from Netflix Los Gatos Campus. Extensive interior and exterior capital improvements have just been completed by DeMattei Construction and the building is currently being leased and managed by professional property management. Desirable Unit-Mix consisting of Four 2BED/1BATH units and Four 1BED/1BATH Units. Improvements/Updates include: a new roof, dual pane windows, exterior stair system, exterior paint, private patios, landscaping, hardscape, flooring, interior paint and appliances. This building has great curb appeal and shows pride of ownership. There are currently 4 occupied units with annual leases.
    Exterior Features

    Exterior Dual Pane Windows Parking Description Covered Parking Parking Spaces Total 2 Roof Composition Shingles

    Interior Features

    All Units Have RefrigeratorUpdated Kitchen Apx Sq Ft Unit1 888 Apx Sq Ft Unit2 480 Bedrooms Unit1 2 Bedrooms Unit2 1 Cooling None Flooring Laminate Heating GasWall Furnace Laundry Coin Operated Some Units Have Dishwasher

    Property Features

    Annual Gross Sched Income 213720 Annual Taxes 25368 Annual Utility Expense 6091 Building Type Other City Transfer Tax No Hoa YN No Net Operating Income 139728 Operating Expenses ElectricGasInsuranceMaintenance/RepairWater Rent Unit1 2250 Rent Unit2 1950 Tenant Pays ElectricGas Tot Bldg Sq Ft 5472 Views Mountains Water Sewer Water - Public Zoning Rm52

    Listing courtesy of Joe N. Pollifrone of Sereno Group.


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-20T14:39:48.53.

     
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