
Los Gatos, California 95030
This property presents a Strong Value Opportunity with a List Price of $2,600,000—positioned well below the $2,763,216 Fair Market Value by 5%. This valuation gap offers $163,216 in Instant Equity for buyers prepared to address the Condition Rating of 6. Featuring a 12,085 sqft lot with Scenic Views, the site offers significant Development Potential for an ADU or expansion. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a prime downtown Los Gatos location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 110 Johnson Avenue Subject | $2,600,000* List Price | 3 | 2 | 1,649 | $1,676 | - |
A 54 Whitney Avenue Sold | $2,350,000 | 3 | 2 | 1,204 | $1,952 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1920 with no evidence of recent renovations; the listing explicitly states the property is priced at land value due to the condition of the structure, indicating it is likely unlivable in its current state.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12085, living area = 1649.
Situated in the prestigious Loma Alta/Johnson neighborhood, this property offers exceptional walkability to downtown Los Gatos shops, fine dining, and access to top-rated local schools.
The generous 12,085 sqft lot, already equipped with utilities, provides a rare opportunity to expand the existing footprint or add an ADU in a high-demand market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12085, other record lot size in square feet = 46080.
The property is priced at land value due to the dilapidated state of the 1920s structure, requiring a buyer prepared for a total renovation or major reconstruction.
As an existing historic home, any proposed updates or expansions may be subject to strict local preservation guidelines and a potentially complex permitting process.
Wonderful downtown Los Gatos location in the popular Loma Alta/Johnson neighborhood! This beautiful, almost 1/3-acre parcel features an existing historic home on a spacious lot just steps away from top Los Gatos schools, shops and dining. The expansive, open floor plan enjoys large picture windows overlooking the front as well as the tree studded ravine at the rear of the property. Update and expand while maintaining the historic nature of the exterior front facade. A unique opportunity to own a piece of history in a very desirable location in downtown Los Gatos!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,649 | 2,311.559 |
| Lot Size | 12,085 | 29,516.661 |
| Price | $2.60M | $2.79M |
| Price per sq ft | $1.6K | $1.2K |
| Built year | 1920 | 1971 |
| HOA | $0 | $217 |
| Days on market | 22 | 42 |
Aug 18, 2026
$2,600,000
Initial Listing
Aug 7, 2023
$3,800,000
Public Record