245 El Cajon Way, Los Gatos, California 95032, Los Gatos, 95032 - 4 bed, 3 bath
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245 El Cajon Way
Los Gatos, California 95032
ACTIVE
CONDITION: POOR
4Beds
3Baths
1,539Sq Ft
8,500Lot Size
Property Price
LIST PRICE$2,258,000
EST. MARKET VALUE
$2,131,975
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $2,358,000—positioned well below the $2,422,062 Fair Market Value by 2%. This valuation gap offers $64,062 in Instant Equity for buyers. Featuring a Fair Condition Rating and a versatile 4-bedroom floor plan, the home requires comprehensive updates to reach its full potential. Its large 8,500 sqft lot and proximity to Vasona Lake provide significant upside. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a value-add project.
Estimated Market Value
$2,131,975
Based on Realkey algorithm analyzing recent comparable sales in Los Gatos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 245 El Cajon Way Subject | $2,258,000* List Price | 4 | 3 | 1,539 | $1,385 | - |
A 172 Maricopa Drive Sold | $2,000,000 | 4 | 2 | 1,453 | $1,376 | 0.5 mi |
B 16281 Camino Del Sol Active | $2,298,000 List Price | 2 | 2 | 1,292 | $1,779 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Originally built in 1959, the property shows significant signs of deferred maintenance and age. While the living area features vaulted ceilings, other interior photos reveal rooms with missing flooring and stained walls. The kitchen and bathrooms appear to be over 30 years old, and the lack of recent system updates suggests the home requires a comprehensive rehab to be move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8500, living area = 1539.
- Prime Location & Lifestyle
Ideally situated in a sought-after Los Gatos neighborhood, the property offers a serene setting near Vasona Lake and the Los Gatos Creek Trail, providing easy access to outdoor recreation and downtown amenities.
- Versatile Living Space
The floor plan features a separate studio or fourth bedroom with its own private bathroom, offering excellent flexibility for multigenerational living, a guest suite, or a professional home office.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Compact Square Footage
With 1,539 square feet distributed across four bedrooms and three bathrooms, the individual room sizes may feel constrained for buyers seeking a more expansive luxury layout.
- Vintage Infrastructure
Built in 1959, the property may require updates to its original systems and finishes to meet the contemporary standards and energy efficiency expected at this price point.
About 245 El Cajon Way
Set on one of the largest corner lots in one of Los Gatos most sought after neighborhoods, this exceptional property enjoys an ideal location in the coveted sweet spot between Lark Avenue, Vasona Park, & Hwy 17. Tucked behind the Vasona Dam, a natural hillside buffers the sound of the freeway, creating a peaceful setting where youll enjoy the sounds of songbirds & seasonal migration of wild geese. Just a short stroll from Vasona Lake, yet removed from the weekend crowds, this home offers the best of both worlds. Take in breathtaking sunsets over the lake, or enjoy a scenic 15 min. bike ride along the Los Gatos Creek Trail to the charming shops, restaurants, & cafés of Downtown Los Gatos. A majestic redwood tree one of the few in the neighborhood provides welcome shade during the summer months while enhancing the homes natural beauty. Inside, soaring vaulted ceilings and abundant natural light fill the spacious, open living areas, creating an inviting setting for both everyday living & entertaining. The flexible floor plan includes 3 bedrooms & 2 bathrooms in the main home, plus a generous studio or 4th bedroom located beyond the garage with its own private bathroom, ideal for guests, a home office, creative studio, or multigenerational living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 8,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,539 | 2,311.559 |
| Lot Size | 8,500 | 29,516.661 |
| Price | $2.26M | $2.79M |
| Price per sq ft | $1.5K | $1.2K |
| Built year | 1959 | 1971 |
| HOA | $0 | $217 |
| Days on market | 38 | 42 |
Pricing History
Listed for Sale
Sep 8, 2026
$2,258,000
$2,358,000
-4% Price Drop
Initial Listing
Price Change
Aug 2, 2026
$2,358,000
Initial Listing