228 Union Avenue, Los Gatos, California 95032, Los Gatos, 95032 - 0 bed, 0 bath
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Los Gatos, California 95032
This Duplex Residential Income Asset is a Strong Value Opportunity, listed at $2,198,000—positioned slightly above the $2,190,020 Fair Market Value. While the property is priced at market stability, its Condition Rating of 4 offers significant upside through cosmetic modernization. Featuring rare, large private backyards and proximity to top-tier schools like Union Middle (9/10) and Leigh High (8/10), this property ensures consistent rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-growth Silicon Valley investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228 Union Avenue Subject | $2,198,000* List Price | 0 | 0 | 1,974 | $1,109 | - |
A 106 Verde Court Active | $2,200,000 List Price | 0 | 0 | 2,000 | $1,100 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property has received some cosmetic updates such as newer laminate flooring, recessed lighting, and fresh paint. However, the kitchen features dated oak cabinetry and laminate countertops likely exceeding 20 years in age. While functional and well-maintained, the property requires modern updates to the kitchen and bathrooms to move beyond a dated status.
Middle School: Union Middle School (9/10).
Situated in a highly desirable Los Gatos neighborhood, the property is within walking distance to top-tier schools like Union Middle (9/10) and Leigh High (8/10), ensuring strong tenant demand and long-term value.
Unlike many multi-family properties, each unit features its own large, private backyard, providing a unique level of outdoor usability and privacy that is exceptionally rare for duplexes in this market.
Built in 1963, the property may require significant capital expenditures for updates to major systems or cosmetic renovations to meet modern luxury standards and maximize rental income.
With a list price exceeding $2.1M for under 2,000 square feet, the high price per square foot may result in a lower immediate capitalization rate, requiring a substantial down payment to achieve positive cash flow.
Welcome to 228 Union Ave, an exceptional duplex opportunity in the heart of Los Gatos. Each unit offers an inviting blend of comfort, functionality, and outdoor living, making this a perfect property for both investors and owner-occupants alike. Both residences feature well designed layouts, abundant natural light, and generous living spaces. Each unit enjoys its own large private backyard, ideal for entertaining, gardening, relaxing, or creating the outdoor space of your dreams. Properties with this level of outdoor usability are truly rare in Los Gatos. With its prime location just minutes from top rated Los Gatos schools, shopping, dining, and major commute routes, this duplex delivers convenience and long term value. Whether you're looking to live in one unit and rent the other, expand your portfolio, or add additional income potential, the possibilities are endless. Dont miss the chance to own a versatile duplex with fantastic outdoor amenities in one of Silicon Valleys most desirable communities.
No exterior & parking available.
Grades 6-8 • 0.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1963 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 19, 2026
$2,198,000
Initial Listing
Nov 7, 2017
$1,400,000
Public Record
Oct 31, 2013
$865,000
Public Record