20471 Black Road, Los Gatos, California 95033, Los Gatos, 95033 - 4 bed, 3 bath
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Los Gatos, California 95033
Analysis of 20471 Black Road, Los Gatos, California 95033 is currently available with a list price of $2,750,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
Built in 1962, the property is well-maintained but dated. The kitchen features oak cabinetry and tile countertops consistent with a 20-30 year old renovation. While the interior has been refreshed with paint, carpet, and recessed lighting, the primary finishes and age of the structure necessitate modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 1437480, living area = 2573.
The property features two separate homes with individual addresses on over 32 acres, offering immediate multi-generational living or rental income, with ongoing efforts to split the lot for further ADU expansion.
With over 32 acres of land including private trails for dirt biking or hiking, a creek, and a large fruit orchard, the property provides a unique and versatile outdoor lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1437480, other record lot size in square feet = 457082. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2573, other record living area = 2445. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The process of separating the two homes into two distinct properties is currently in progress, which may introduce administrative delays or uncertainties for the buyer regarding final approval.
Managing two structures built in 1962 along with 32 acres of rugged terrain, trails, and an orchard requires substantial ongoing labor and potential capital for modernization.
Two homes, two separate addresses (20471 Black Rd and 20469 Black Rd), over 32 acres of beautiful land dropping down to a creek. Wide trail to creek and current owners take their dirt bikes on rides through the lower property. Incredible views, very peaceful. The main house has the primary suite on one side with a nearby second bedroom that can be used as an office. Two other bedrooms are on the opposite side of the home for privacy. One bedroom is an ensuite, the other has a bathroom just outside its door. Large laundry room. Kitchen, dining room and living room have incredible views of the nearby hills. Large orchard and multiple fruit trees including apple and Meyers lemons. Current owner is working to separate the two homes into two properties. both homes have their own addresses. Once separated, you could add an ADU to each home for rental income. If you enjoy hiking or offroad trail riding on private land, this property is for you. The second home has its own garage with an upper level storage area, 3 bedrooms, 1.5 baths, and a deck overlooking the hills and meadow. Zillow estimate is for only one home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,573 | 2,243 | 58% |
| Lot Size | 1,437,480 | 108,028.5 | 94% |
| Price | $2.75M | $1.52M | 89% |
| Price per sq ft | $1.1K | $655 | 89% |
| Built year | 1962 | 1978 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 138 | 8% |
May 31, 2026
$2,750,000
$3,200,000
-14% Price Drop
Initial Listing
Mar 31, 2026
$3,200,000
Initial Listing
Nov 19, 1993
$75,000
Public Record