75 Fairview Plaza, Los Gatos, California 95030, Los Gatos, 95030 - 5 bed, 5 bath
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Los Gatos, California 95030
This Income-Producing Multi-Unit Asset is listed at $2,200,000, positioned accurately alongside its $2,180,971 Fair Market Value. Comprising five fully occupied units—one 1bd/1ba and four studios—the property maintains a Fair Condition Rating, offering immediate cash flow with significant value-add potential through interior modernization. Located in a prestigious Los Gatos neighborhood within walking distance to downtown, the asset features mountain and city light views, a common patio, and five dedicated parking spaces. This is a high-demand acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a strategic multi-unit footprint.
Property is moderate renovation needed.
Built in 1900, this multi-unit property is aged but appears to be maintained and functional, as it is fully occupied. However, the images reveal significantly outdated kitchens with older appliances (coil-top stoves, white refrigerators), basic cabinetry, and dated countertops. Bathrooms feature pedestal sinks and basic fixtures, indicating a lack of modern updates. The presence of window AC units suggests no central cooling. While livable, the property requires substantial cosmetic and system updates to meet current standards and appeal, aligning with the 'Fair' condition criteria of being aged, maintained through regular upkeep, but with major components showing signs of being outdated and requiring minor updates.
The property is a fully occupied 5-unit asset (1 1bd/1ba and 4 Studios), offering immediate income generation for investors.
Situated in a prestigious Los Gatos neighborhood, within walking distance to Downtown, enhancing desirability and potential appreciation.
Includes a parking lot for 5 cars, a significant advantage in a walkable, desirable area.
The property is 'drive-by only' with instructions not to disturb tenants, severely limiting a buyer's ability to conduct thorough interior inspections and due diligence.
Built in 1900, the property is very old, suggesting potential for significant deferred maintenance, outdated systems, and higher capital expenditure requirements.
Four out of five units are studios, which may attract a specific tenant demographic and could potentially lead to higher turnover or lower per-unit rental income compared to properties with larger units.
75 Fairview Plaza offers the investor or owner user a rare opportunity to acquire an income producing asset in one of the most prestigious neighborhoods in Los Gatos which is within walking distance to Downtown! 5 units total 1 1bd/1ba and 4 Studios situated on large with a parking lot for 5 cars and walk to town! Charming front porch and common patio area for relaxing. Unit 1 has steps leading to a cozy porch. Inside, high ceilings, and lots of windows, inviting living room, walk-in closet, and an office with access to the front patio. Ample kitchen and the bath features a stall shower and pedestal sink. Unit 2 boasts a living room with wide plank laminate flooring and large window. The kitchen includes an electric stovetop, built-in oven, and an eating area. The bath has a shower over tub and a pedestal sink. Upstairs, Units 3, 4, and 5 each with unique features such as mountain views or a peak of a valley/city light view, high ceilings, and ceiling fans. Each unit includes a kitchen with oven, range and refrigerator. Additional amenities include a large basement for storage, a storage shed, sump pump and each unit has separate meters for convenience. Fully occupied, fantastic commute location and amazing Los Gatos community! Drive-by onlyDo not disturb tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 72% |
| Baths | 5.0 | 3.0 | 72% |
| Square foot | 2,250 | 2,474 | 34% |
| Lot Size | 11,326 | 19,132 | 38% |
| Price | $2.20M | $3.90M | 10% |
| Price per sq ft | $978 | $1.6K | 17% |
| Built year | 1900 | 1961 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 607 | 127 | 0% |
Aug 23, 2024
$2,200,000
Initial Listing