Properties

Comm Ri Multi-units 5+ For Sale

5,277 Sqft - 205 Avery Lane, LOS GATOS, California 95032

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Property Description

PRICE REDUCTION – 205 Avery Lane provides an opportunity to acquire an immaculately updated and maintained 8 unit apartment building in the heart of downtown Los Gatos in an infill “A” location. The property is comprised of (4) 2x1s and (4) 1x1s. The exterior boasts the following major upgrades: new dual pane windows throughout, new paint, new roof in 2013 & asphalt resealed in 2018. A short walk to Vasona Lake County Park, University Ave, and N Santa Cruz you are steps away from all the cultural amenities, shops, restaurants, and entertainment downtown Los Gatos has to offer. The building is a short walk to Safeway, Campo Di Bocce, Old Town Los Gatos Shopping center and the Los Gatos Creek Walking Trail. Average home price over $1.8M, top ranked schools, near major employers. 115 Towne Terrace and 205 Avery Lane are available to purchase separately or together as a 16 unit complex. They are on adjacent parcels on a corner lot.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81846812
Price : $3,753,285
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,277 Sqft
Year Built : 1958
Lot Area : 0.27 Sqft
Features
Heating System : Gas, Wall Furnace
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Clara
City : LOS GATOS
Zipcode : 95032
Street : Avery Lane
Street Number : 205
Floor Number : 0
Longitude : W122° 1' 22.1''
Latitude : N37° 13' 51.8''
MLS Addon
Office Name : Newmark Cornish & Carey
Building Type : Other
Area : Los Gatos/Monte Sereno
Address : 205 Avery Lane
LA1User Code : MLL5067040
LA1Agent First Name : Matthew
LA1Agent Last Name : Thomson
Status Category : Sold
Tot # Parking Spaces : 2
Tot # of Units : 8
Zoning : RM52
List $/SqFt : $0
Age : 63
Apx Lot Sq Ft : 11,959 Sqft
Type of Building : Apt Complex
Annual Taxes : $47,116
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
OPERATING EXPENSES : Insurance, Trash Removal, Water
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Dishwasher
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public
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) : 3.28
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $3,855,000
Sold Price : $3,700,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 195540
Net Oper Income : 123033
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 5518
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 : 19.19
Buyer Agent DRE Num. : 00841354
List Agent DRE Num. : 01471708
Filtered Address : 205 Avery LN
LA1Agent License ID : 01471708
LA1Old Agent ID : 306836
LA2Agent First Name : Brian
LA2Agent Last Name : Henry
LA2User Code : MLL5078282
LA2Old Agent ID : 360474
SA1Agent First Name : Tim
SA1Agent Last Name : Gilmartin
SA1Agent License ID : 00841354
SA1User Code : MLL101114
SA1Old Agent ID : 93664
SA1NRDS_ID : 199010461
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 : Datashare MLSListings
Assessors Parcel No : 529-08-047
Showing : Call Listing Agent
LO2Office Name : Cornish & Carey Commercial
SO1Office Abbreviation : MLL29394
SO1Office Name : Gilmartin Group
LO1Main Office ID : 76108
LO1Board ID : 0
LO2Office Identifier : 70361
LO2Main Office ID : 70361
SO1Office Identifier : 62063
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 : 3700000
Address Search Number : 205
Listing Agent : 281611
Listing Office : 76108
Co-List Agent : 307219
Listing Office 2 : 70361
Apprx Equity : 0
Buyer Agent 1 : 190664
Buying Office 1 : 62063
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 13
Input Date : 02/06/2021 16:44:53
Update Date : 09/10/2021 10:02:45
PhotoTimestamp : 09/10/2021 06:01:01
First Photo Add Timestamp :
List Date : 02/06/2021
Expire Date :
Pending Date : 09/08/2021
Closing Date : 08/10/2021
Status Date : 08/10/2021
Price Date :
Off Market Date : 09/08/2021
Status : Sold
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 68
Cumulative DOMLS : 68
Unit # 1 # of Bedrooms: 2
Unit # 1 Approx. SqFt: 700
Unit # 1 Rent: 1700
Unit # 2 # of Bedrooms: 1
Unit # 2 Approx. SqFt: 620
Unit # 2 Rent: 1600
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81846812
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 5,277 Sqft
$3,753,285
Agent info
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