109 Cleland Avenue, Los Gatos, California 95030, Los Gatos, 95030 - bed, bath
109 Cleland Avenue
Los Gatos, California 95030
Property Price
SUMMARY
Analysis of 109 Cleland Avenue, Los Gatos, California 95030 is currently available with a list price of $4,850,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Gatos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1964, the property's description states 'All interiors recently remodeled,' which is strongly supported by the images. The kitchens feature modern white shaker cabinets, light quartz-look countertops, and stainless steel appliances. Bathrooms are fully updated with new vanities, modern fixtures, glass shower enclosures, and contemporary tiling. Flooring consists of new LVP/engineered wood and clean, new carpets. Walls are freshly painted, and light fixtures are modern. The overall condition reflects a comprehensive, high-quality renovation, making all components appear new or virtually new, aligning with the 'Excellent' criteria for extensively renovated properties.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the highly desirable heart of downtown Los Gatos, offering unparalleled walkability to local amenities, shops, and restaurants.
- Exceptional Income Potential
Comprised of 5 distinct units across 3 buildings, including an owner's unit and four townhome-style rentals, providing substantial rental income opportunities with separate utilities.
- Recently Remodeled Interiors
All unit interiors have been recently remodeled, presenting a move-in ready condition for both owner and tenants, minimizing immediate capital expenditures.
CONSRISKS & DEFICIENCIES
- Age of Original Construction
While interiors are remodeled, the property's 1964 build year suggests potential for older underlying infrastructure (e.g., plumbing, electrical, roof) that may require future maintenance or upgrades.
- Complex Property Management
Managing five separate units, even with individual meters, can be a demanding undertaking for an owner, potentially requiring professional property management services and associated costs.
- Potential for Reduced Privacy/Increased Noise
As a multi-unit property in a dense downtown area, residents may experience reduced privacy and increased noise levels compared to a traditional single-family home.
About 109 Cleland Avenue
This is a one-of-a-kind property in the heart of downtown Los Gatos. Incredible investment location with an ideal set up: 3 separate buildings making up 5 total units and offering approx 5300 square feet of living space. For owner occupied - live in the single family style home at the top of the property and rent out the 4 townhome style units below. All interiors recently remodeled and ready for a new owner and tenants. Each townhome style unit is just under 1000 sf and offers 2 bedrooms 1.5 bath. Each unit has it's own interior washer/dryer hookup, fireplace, separate entrances & decks plus separate water, gas and electric meters. The owners unit is approx. 1320 sf 2 bed (could easily become a 3 bedroom) 2 bath and includes two parking spaces in the upper lot accessed from Rogers Road. Off street parking for 8 more (5 carport & 3 open spaces off Cleland). Numerous renovations, great views and all strolling distance to all LG has to offer.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1964
- Lot Size
- 9,583 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 5,300 | 4,291.5 | 50% |
| Lot Size | 9,583 | 29,223.5 | 50% |
| Price | $4.85M | $3.88M | 50% |
| Price per sq ft | $915 | $899 | 50% |
| Built year | 1964 | 1939 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 690 | 479 | 0% |
Pricing History
Listed for Sale
Apr 16, 2024
$4,850,000
Initial Listing