16737 Leroy Avenue, Los Gatos, California 95032, Los Gatos, 95032 - 4 bed, 3 bath
Loading property details...
Los Gatos, California 95032
This Versatile Dual-Unit Residence represents a High-Potential Investment Opportunity, listed at $2,599,999—positioned below the $2,644,676 Fair Market Value by 1%. This valuation provides $44,677 in Instant Equity. Maintaining a Move-in Ready Condition, the property features a Pebble Tec pool and spa and a fully-equipped 2-bedroom ADU with a private yard and garage. Located in the heart of Los Gatos, this asset balances luxury amenities with significant rental income potential. It is perfectly suited for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16737 Leroy Avenue Subject | $2,599,999* List Price | 4 | 3 | 1,525 | $1,734 | - |
A 16760 Magneson Loop Sold | $3,150,000 | 3 | 3 | 1,784 | $1,766 | 0.3 mi |
B 141 Fairmead Lane Sold | $3,200,000 | 4 | 3 | 2,066 | $1,549 | 0.6 mi |
C 115 Lansberry Court Sold | $3,300,000 | 4 | 3 | 1,932 | $1,708 | 0.7 mi |
D 560 University Avenue Sold | $2,620,000 | 3 | 3 | 1,964 | $1,334 | 0.9 mi |
E 16717 Shannon Road Sold | $2,775,000 | 4 | 4 | 1,820 | $1,525 | 0.3 mi |
F 219 Longridge Road Pending | $1,998,000 List Price | 4 | 2 | 1,388 | $1,439 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1949, the property has undergone significant renovations likely within the 5-15 year range. The primary kitchen features granite countertops, cherry-finish cabinetry, and stainless steel appliances, while the bathrooms and flooring appear updated and well-maintained. The addition of a Pebble Tec pool and a functional ADU confirms the property is move-in ready and modern enough to avoid immediate maintenance needs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8961, living area = 1525.
The property features a primary residence plus a fully-equipped 2-bedroom ADU with its own garage and private yard, offering excellent rental income potential or flexible multigenerational living options.
A high-end Pebble Tec pool and spa with a cascading waterfall provide a luxurious outdoor retreat, significantly enhancing the property's entertainment value and aesthetic appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
With a total of 1,525 square feet distributed across four bedrooms and two separate units, the individual living areas and bedrooms may feel constrained.
Originally built in 1949, the property may require more intensive maintenance or updates to its older structural and mechanical systems compared to modern constructions.
Welcome to this exceptional two-unit property in the heart of Los Gatos, where smart investing meets genuine livability. Whether you're looking to offset your mortgage or simply keep family close, this property delivers on both fronts. The primary residence features two spacious bedrooms and two full bathrooms, with living areas that feel genuinely roomy. Thoughtful, practical amenities include indoor laundry and ample storage throughout. Out back, the crown jewel awaits: a stunning Pebble Tec pool and spa, complete with a cascading waterfall, the kind of backyard that turns any evening into something worth looking forward to. The attached ADU is a two-bedroom, one-bath unit with an oversized one-car garage and its own private backyard, perfect for tenants seeking a self-contained space with room to breathe or for multigenerational living done right. And for the most important detail: this property sits just steps from the beloved Los Gatos landmark, Happy Hound, meaning a delicious lunch or dinner is a short stroll away.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,525 | 2,165 | 12% |
| Lot Size | 8,961 | 9,180 | 49% |
| Price | $2.60M | $2.85M | 37% |
| Price per sq ft | $1.7K | $1.4K | 85% |
| Built year | 1949 | 1967 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 129 | 2% |
Apr 7, 2026
$2,599,999
Initial Listing
Jun 17, 2016
$900,000
Public Record