16970 Placer Oaks Road, Los Gatos, California 95032, Los Gatos, 95032 - 5 bed, 3 bath
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Los Gatos, California 95032
This Value-Add Residential Asset represents a High-Potential Investment Opportunity with a List Price of $2,400,000—positioned below the $2,446,343 Fair Market Value by 1%. This valuation gap offers $46,343 in Instant Equity for buyers. With a Condition Rating of 5, the property requires a full-scale renovation to maximize ROI. The 2,235 sq. ft. layout features mountain views and access to elite schools, including Los Gatos High (10/10), Louise Van Meter Elementary (9/10), and Fisher Middle (8/10). This is a high-upside acquisition ideal for Fix-and-Flip Investors or Contractors seeking a custom transformation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16970 Placer Oaks Road Subject | $2,400,000* List Price | 5 | 3 | 2,235 | $1,095 | - |
A Camellia Terrace Active | $2,398,000 List Price | 5 | 3 | 1,985 | $1,208 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1968 with no evidence of major renovations in over 30 years. The interior features original tiled showers, dated kitchen surfaces, and aged carpeting. The listing description explicitly invites buyers to 'reimagine' and 'transform' the property with an architect, signaling that the systems, kitchen, and baths require a full rehab to meet modern standards.
Elementary School: Louise Van Meter Elementary School (9/10). Middle School: C. T. English Middle School (9/10). High School: Los Gatos High School (10/10).
Situated in a highly desirable Los Gatos neighborhood, the property offers access to elite public schools, including Los Gatos High (10/10) and Louise Van Meter Elementary (9/10), ensuring strong long-term value.
The 2,235 sq. ft. layout features five bedrooms, including two on the ground floor and a flexible sunroom, providing an excellent foundation for multi-generational living or a custom reconfiguration.
Marketed as a 'reimagination' project, the 1968 structure likely requires a substantial capital investment beyond the $2.4M asking price to bring it up to modern luxury standards.
Given the age and the 'fixer' nature of the description, buyers should expect the need for costly infrastructure updates to electrical, plumbing, or HVAC systems to meet current building codes.
Nestled in a desirable Los Gatos neighborhood, this home presents a rare opportunity to create your dream home on a spacious lot w/mountain views. This 2 story home offers generous living spaces, a flexible floor plan, & endless potential for customization. Bring your designer or architect & reimagine this home to your exact vision. Main level features an inviting living room with cozy fireplace, a formal dining area, and an eat-in kitchen. 2 ground-floor bedrooms including one with an en-suite bath featuring a stall shower. Guest bathroom includes shower over tub. A sunroom off downstairs bedrooms offers a bright and versatile space, perfect for relaxing. Upstairs features 2 sizable bedrooms plus an expansive primary suite or family room with its own fireplace, a private retreat. Upstairs features a Jack-and-Jill bathroom with dual vanities, tub, and a separate stall shower. Enjoy peaceful mountain views from the 2nd floor deck. Large backyard offers ample room for outdoor living, gardening, or entertaining, complete w/patio ideal for BBQs. 2 car garage w/off street parking. Close to top-rated schools, shopping, & the vibrant dining scene of downtown Los Gatos. Convenient freeway access for commuting. Unique chance to transform this property into a stunning custom home.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 8.0 mi
Grades 6-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 78% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,235 | 2,212 | 51% |
| Lot Size | 6,300 | 9,180 | 22% |
| Price | $2.40M | $2.85M | 32% |
| Price per sq ft | $1.1K | $1.4K | 17% |
| Built year | 1968 | 1968 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 129 | 2% |
Apr 16, 2026
$2,400,000
Initial Listing