Properties

Comm Ri Multi-units 5+ For Sale

3,930 Sqft - 81 & 83 Fairview Plaza, LOS GATOS, California 95030

QR Code
Property Description

81 & 83 Fairview Plaza offers the investor or owner user a rare opportunity to acquire an income producing asset in one of the most prestigious neighborhoods in Los Gatos which is within walking distance to Downtown! It is comprised of a two unit self contained converted Victorian home and a Triplex which is located at the rear of the property. The Victorian is ripe for remodeling and stabilization to market rents. Or the investor can explore the possibilities of converting the home back to a Single Family Residence for their own occupancy. Both units are large at ~1,225 SF and ~960 SF and feature 2 bedrooms and 1 bath each. The Triplex was built circa 1937 and has benefited from an upgraded electrical system and dual pane windows. All units are 1 bedroom 1 bath. This property has not been on the market since the 1970s and is located on one of the most historic streets in Los Gatos. This is a true portfolio property and one that could be kept in the family for many years to come.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81856787
Price : $2,999,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,930 Sqft
Year Built : 1897
Lot Area : 0.28 Sqft
Features
Heating System : Wall Furnace
Cooling System : Ceiling Fan(s)
View : Greenbelt, Mountains
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Clara
City : LOS GATOS
Zipcode : 95030
Street : Fairview Plaza
Street Number : 81 & 83
Floor Number : 0
Longitude : W122° 0' 39''
Latitude : N37° 13' 28.9''
MLS Addon
Office Name : Intero Real Estate Services
Building Type : Other
Area : Los Gatos/Monte Sereno
Address : 81 & 83 Fairview Plaza
Cross Street : Fairview
LA1User Code : MLL5071035
LA1Agent First Name : Stephen
LA1Agent Last Name : Guzzetti
Status Category : Sold
Tot # Parking Spaces : 0
Tot # of Units : 5
Zoning : RM
List $/SqFt : $0
Age : 124
Apx Lot Sq Ft : 12,396 Sqft
Type of Building : Apt Complex
Annual Taxes : $37,218
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
FLOORING : Tile, Hardwood Floors
ON-SITE PARKING DESC : Covered Parking, Spaces - Assigned
OPERATING EXPENSES : Insurance, Maintenance/repair, Trash Removal, Vacancy Factor, Water
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Dishwasher
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - 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) : 2.10
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,999,000
Sold Price : $2,700,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 112332
Net Oper Income : 63027
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 1877
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 : 26.70
Buyer Agent DRE Num. : 01777838
List Agent DRE Num. : 01777838
Filtered Address : 81 & 83 Fairview PLZ
LA1Agent License ID : 01777838
LA1Old Agent ID : 325114
LA1NRDS_ID : 191010103
SA1Agent First Name : Stephen
SA1Agent Last Name : Guzzetti
SA1Agent License ID : 01777838
SA1User Code : MLL5071035
SA1Old Agent ID : 325114
SA1NRDS_ID : 191010103
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 : 510-43-021
Showing : Subject to Inspection
SO1Office Abbreviation : MLL38424
SO1Office Name : Intero Real Estate Services
LO1Main Office ID : 71093
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 71093
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 : 2700000
Address Search Number : 81
Listing Agent : 287617
Listing Office : 71093
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 287617
Buying Office 1 : 71093
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 40
Input Date : 04/08/2021 20:56:47
Update Date : 13/12/2021 10:00:04
PhotoTimestamp : 07/12/2021 10:49:33
First Photo Add Timestamp :
List Date : 04/08/2021
Expire Date :
Pending Date : 30/09/2021
Closing Date : 03/12/2021
Status Date : 06/12/2021
Price Date :
Off Market Date : 30/09/2021
Status : Sold
Dual Variable : No
HOA : No
City Transfer Tax : No
Off Market Status Date :
LVT Date :
DOMLS : 57
Cumulative DOMLS : 57
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 625
Unit # 1 Rent: 1796
Unit # 2 # of Bedrooms: 1
Unit # 2 Approx. SqFt: 550
Unit # 2 Rent: 2550
Unit # 3 # of Bedrooms: 2
Unit # 3 Approx. SqFt: 930
Unit # 3 Rent: 1713
Unit # 4 # of Bedrooms: 2
Unit # 4 Approx. SqFt: 1225
Unit # 4 Rent: 1202
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81856787
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 3,930 Sqft
$2,999,000
Agent info
Contact Agent