226 San Mateo Avenue, Los Gatos, California 95030, Los Gatos, 95030 - 4 bed, 4 bath
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Los Gatos, California 95030
This Turnkey Multi-Generational Property is a Strong Value Opportunity, listed at $2,798,888, which aligns perfectly with its $2,798,888 Fair Market Value. Featuring a remodeled main residence and an approved detached cottage, the home offers a Condition Rating of 3, ensuring a move-in ready experience. With hill views, a granite kitchen, and an EV charger, the property provides a premium lifestyle steps from downtown Los Gatos. This versatile asset is an ideal acquisition for multi-generational families or income-focused investors seeking a high-utility, walkable downtown residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 226 San Mateo Avenue Subject | $2,798,888* List Price | 4 | 4 | 2,103 | $1,331 | - |
A 256 Los Gatos Boulevard Sold | $2,360,000 | 5 | 6 | 2,511 | $940 | 0.9 mi |
B 119 Boyer Lane Sold | $3,500,000 | 3 | 3 | 2,368 | $1,478 | 0.6 mi |
C 232 University Avenue Active | $2,635,000 List Price | 3 | 4 | 2,500 | $1,054 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1953, the property has been significantly updated and well-maintained. Renovations including granite countertops, recessed lighting, double-pane windows, and modern LVP flooring appear to be within the 5-15 year range. Systems are upgraded with solar panels and an EV charger, and the roof appears to be in good condition, making the home fully move-in ready.
The property boasts an exceptional walkability score, located just steps from downtown Los Gatos dining, boutique shopping, and Vasona Park, all within a highly-coveted school district.
The approved detached 1-bedroom, 1-bathroom cottage offers significant versatility for rental income, multi-generational living, or a private guest suite, effectively expanding the home's utility.
Equipped with leased solar, an EV charger, and a remodeled interior featuring sun tunnels and granite countertops, the home combines energy efficiency with contemporary aesthetic appeal.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6193, other record lot size in square feet = 6100. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2103, other record living area = 1010. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With over 100 days on the market and a recent price reduction, the property may carry a market stigma that requires aggressive seller credits or further negotiations to overcome.
The solar panels are leased rather than owned, which may be a deterrent for buyers who prefer unencumbered ownership or wish to avoid assuming existing lease terms.
MOTIVATED SELLER! SELLER IS OFFERING BUYER CREDITS IN ESCROW! Steps from downtown Los Gatos dining, boutique shopping, cafes, minutes from Vasona Park, this home offers a walkable lifestyle within the highly rated LG school district. The home features great curb appeal w/ beautiful landscaping, a wide pavered driveway, & hill views. The property offers approximately 2,103 SqFt of usable living space. The main residence spans approximately 1,562 SqFt w/ 3 bedrooms & 3 bathrooms, remodeled over the years. The living room is warm & inviting w/ an electric fireplace, recessed lighting, & double pane windows. The kitchen & dining area form the heart of the home w/ granite countertops, recessed lighting, & smart storage including two Lazy Susans. The primary suite opens to a private patio, & sun tunnels brighten the hallway w/ natural light. Leased solar adds energy efficiency & long term value. The approved detached cottage includes 1 BD, 1 full bath, & private laundry, generating strong rental income & creating a flexible 4 bedroom, 4 bathroom layout ideal for guests, multi generational living, or income potential. The garage has ample storage & EV charger. Backyard feels expansive & private for a downtown location, complete w/ built in covered seating area for outdoor entertaining.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 62% |
| Square foot | 2,103 | 2,725 | 27% |
| Lot Size | 6,193 | 13,728 | 16% |
| Price | $2.80M | $3.93M | 27% |
| Price per sq ft | $1.3K | $1.4K | 43% |
| Built year | 1953 | 1969 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 104 | 104 | 51% |
May 17, 2026
$2,798,888
$2,849,900
-2% Price Drop
Initial Listing
Mar 4, 2026
$2,849,900
Initial Listing
Jan 2, 1997
$400,000
Public Record