Comm Ri Multi-units 5+ For Sale
5,472 Sqft - 205 Milbrae Lane, LOS GATOS, California 95032
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.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81795629
Price : $3,998,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,472 Sqft
Year Built : 1958
Lot Area : 0.28 Sqft
Features
Heating System : Gas, Wall Furnace
View : Mountains
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Clara
City : LOS GATOS
Zipcode : 95032
Street : Milbrae Lane
Street Number : 205
Floor Number : 0
Longitude : W122° 1' 30.9''
Latitude : N37° 13' 49.4''
MLS Addon
Office Name : Sereno
Building Type : Other
Area : All Other Counties/States
Address : 205 Milbrae Lane
Cross Street : Towne Terrace
LA1User Code : MLL472579
LA1Agent First Name : Joe N.
LA1Agent Last Name : Pollifrone
Status Category : Sold
Tot # Parking Spaces : 2
Tot # of Units : 0
Zoning : RM52
List $/SqFt : $0
Age : 62
Apx Lot Sq Ft : 11,978 Sqft
Type of Building : Apt Complex
Annual Taxes : $25,368
Total Deposits : $0
ALL UNITS HAVE : Refrigerator, Updated Kitchen
EXTERIOR : Dual Pane Windows
FLOORING : Laminate
ON-SITE PARKING DESC : Covered Parking
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Water
SOME UNITS HAVE : Dishwasher
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public
LAUNDRY : Coin Operated
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 3.49
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $5,399,000
Sold Price : $3,800,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 213720
Net Oper Income : 139728
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 6091
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 18.71
Buyer Agent DRE Num. : 01478628
List Agent DRE Num. : 00889153
Filtered Address : 205 Milbrae LN
Branded Media Link : http://www.205Milbrae.com
LA1Agent License ID : 00889153
LA1Old Agent ID : 211537
LA1NRDS_ID : 198002001
LA2Agent First Name : John
LA2Agent Last Name : Guidace
LA2User Code : MLL476707
LA2Old Agent ID : 218650
LA2NRDS_ID : 198002145
SA1Agent First Name : Mary Ann
SA1Agent Last Name : Brown
SA1Agent License ID : 01478628
SA1User Code : MLL5064649
SA1Old Agent ID : 296923
SA1NRDS_ID : 198018974
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : MLSListings Datashare
Assessors Parcel No : 529-08-035
Showing : Call Listing Agent
LO2Office Name : Sereno
SO1Office Abbreviation : MLL36117
SO1Office Name : Intero Real Estate Services
LO1Main Office ID : 74632
LO1Board ID : 0
LO2Office Identifier : 74632
LO2Main Office ID : 74632
SO1Office Identifier : 68786
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 3800000
Address Search Number : 205
Listing Agent : 265031
Listing Office : 74632
Co-List Agent : 266849
Listing Office 2 : 74632
Apprx Equity : 0
Buyer Agent 1 : 279220
Buying Office 1 : 68786
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 40
Input Date : 06/06/2020 23:26:37
Update Date : 09/03/2021 22:12:21
PhotoTimestamp : 17/01/2021 07:13:17
First Photo Add Timestamp :
List Date : 06/06/2020
Expire Date :
Pending Date : 16/01/2021
Closing Date : 08/03/2021
Status Date : 08/03/2021
Price Date :
Off Market Date : 08/03/2021
Status : Sold
Dual Variable : Yes
HOA : No
City Transfer Tax : No
Off Market Status Date : 01/12/2020
LVT Date :
DOMLS : 275
Cumulative DOMLS : 275
Unit # 1 # of Bedrooms: 2
Unit # 1 Approx. SqFt: 888
Unit # 1 Rent: 2250
Unit # 2 # of Bedrooms: 1
Unit # 2 Approx. SqFt: 480
Unit # 2 Rent: 1950
