
Los Gatos, California 95032
This property presents a High-Potential Investment Opportunity with a List Price of $2,258,000—positioned well below the $2,080,478 Fair Market Value by -8%. While the home carries a Condition Rating of 5, the 8,500 sqft corner lot and flexible floor plan with a detached studio offer significant value-add potential. The property requires a comprehensive rehab to modernize the interior, making it a strategic acquisition for Value-Add Investors or Contractors seeking to capitalize on the prime Los Gatos location near Vasona Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 245 El Cajon Way Subject 4 bd · 3 ba · 1,539 sqft · $1,389 | $2,198,000* List Price | 4 | 3 | 1,539 | $1,389 | - |
A 172 Maricopa Drive Sold 4 bd · 2 ba · 1,453 sqft · $1,376 · 0.5 mi | $2,000,000 | 4 | 2 | 1,453 | $1,376 | 0.5 mi |
B 16281 Camino Del Sol Active 2 bd · 2 ba · 1,292 sqft · $1,779 · 0.5 mi | $2,298,000 List Price | 2 | 2 | 1,292 | $1,779 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959, this 65-year-old property shows significant signs of age and neglect. While the main living area features vaulted ceilings, the kitchen and baths appear to be over 30 years old, and interior photos reveal rooms with unfinished or damaged flooring and heavily scuffed walls, indicating a need for a comprehensive rehab.
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.
Ideally situated in a highly sought-after Los Gatos neighborhood near Vasona Park and the Los Gatos Creek Trail, offering a perfect balance of tranquil nature and easy access to downtown amenities.
The floor plan includes a separate studio or fourth bedroom with its own private bathroom, providing excellent flexibility for a home office, guest suite, or multi-generational living arrangements.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property has been on the market for 50 days and has already undergone a $100,000 price reduction, which may signal that the initial valuation was high for the current market climate.
With only 1,539 square feet of living space at a $2.258M price point, the home carries a premium price-per-square-foot that may be challenging for buyers comparing it to larger contemporary homes in the area.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,539 | 2,245.623 |
| Lot Size | 8,500 | 24,726.519 |
| Price | $2.20M | $2.78M |
| Price per sq ft | $1.4K | $1.2K |
| Built year | 1959 | 1970 |
| HOA | $0 | $194 |
| Days on market | 83 | 42 |
Sep 22, 2026
$2,198,000
$2,258,000
-3% Price Drop
Initial Listing
Sep 8, 2026
$2,258,000
$2,358,000
-4% Price Drop
Initial Listing
Aug 2, 2026
$2,358,000
Initial Listing