533 University Avenue, Los Gatos, California 95032, Los Gatos, 95032 - 0 bed, 0 bath
Loading property details...
Los Gatos, California 95032
This 1898 triplex represents a High-Potential Investment Opportunity with a List Price of $2,398,000—positioned well above the $2,210,494 Fair Market Value by -8%. While the property requires significant capital expenditure due to its Condition Rating of 5, the prime downtown location and inclusion in the prestigious Los Gatos Union Elementary School District ensure long-term rental demand. Featuring City Lights and Hill Views, this asset is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to modernize a historic local legacy.
Property is extensive renovation needed.
Built in 1898 with no mention of recent renovations to kitchens, baths, or major systems (HVAC/Electric). Given the 126-year age and lack of documented updates, the property likely requires significant rehab to address dated infrastructure and potential structural/safety defects inherent in century-old buildings.
Situated in the heart of Los Gatos, the property offers exceptional walkability to Michelin-rated dining, boutique shopping, and the Los Gatos Creek Trail, ensuring high tenant demand and a premium lifestyle.
The property is located within the highly sought-after Los Gatos Union Elementary School District, including Daves Avenue Elementary and Los Gatos High, which serves as a significant driver for long-term property value and tenant stability.
As a triplex in a supply-constrained market, this property represents a rare investment opportunity with versatile rental potential and the added appeal of historic character and scenic hill views.
Originally built in 1898, the structure may require significant capital expenditure for modernizing aging systems such as plumbing, electrical, and foundation to meet current building standards.
With a lot size of 5,408 square feet for three units, the property offers limited private outdoor space and may present challenges regarding on-site parking in a high-traffic downtown corridor.
Charming Triplex in the Heart of Downtown Los Gatos. Quintessential lifestyle with a rare investment opportunity. Moments from the vibrant energy of downtown, this property provides the ultimate close-to-everything convenience that defines the magic of this community. Prime investment with timeless character. Fantastic addition to any portfolio offering versatile rental potential in a high-demand market. Living here means the best of Los Gatos and Silicon Valley are right in your backyard with world-class dining, boutique shopping, and community events just a short stroll away. Residents can walk to local favorites and Michelin-rated dining options. Enjoy an outdoor lifestyle with proximity to Oak Meadow Park, the Los Gatos Creek Trail, the Santa Cruz Mountains and the Santa Cruz all nearby. Close to everything you will need, it also offers effortless access to Hwy 17 and 85 for easy transit around Silicon Valley. In addition to its central location, the property is situated within the prestigious Los Gatos Union Elementary School District including Daves Avenue Elementary, Fisher Middle, and Los Gatos High, making it a consistently desirable location for tenants and owners alike. Do not miss your chance to own a piece of the local legacy in a location that truly has it all.
No exterior & parking available.
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 | 1898 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 26, 2026
$2,398,000
Initial Listing