75 Fairview Plaza, Los Gatos, California 95030, Los Gatos, 95030 - 5 bed, 5 bath
75 Fairview Plaza
Los Gatos, California 95030
Property Price
SUMMARY
Analysis of 75 Fairview Plaza, Los Gatos, California 95030 is currently available with a list price of $2,200,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Gatos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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 However, the images reveal significantly outdated kitchens with older appliances (coil-top stoves, white refrigerators), basic cabinetry, and dated countertops.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condition criteria of being aged, maintained through regular upkeep, but with major components showing signs of being outdated and requiring minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Producing Asset
The property is a fully occupied 5-unit asset (1 1bd/1ba and 4 Studios), offering immediate income generation for investors.
- Prime Los Gatos Location
Situated in a prestigious Los Gatos neighborhood, within walking distance to Downtown, enhancing desirability and potential appreciation.
- Ample Parking
Includes a parking lot for 5 cars, a significant advantage in a walkable, desirable area.
CONSRISKS & DEFICIENCIES
- Limited Access for Showings
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.
- Age of Property
Built in 1900, the property is very old, suggesting potential for significant deferred maintenance, outdated systems, and higher capital expenditure requirements.
- Predominantly Studio Units
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.
About 75 Fairview Plaza
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 11,326 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 59% |
| Baths | 5.0 | 3.0 | 63% |
| Square foot | 2,250 | 2,571 | 26% |
| Lot Size | 11,326 | 22,490 | 33% |
| Price | $2.20M | $3.90M | 7% |
| Price per sq ft | $978 | $1.4K | 22% |
| Built year | 1900 | 1967 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 561 | 177 | 0% |
Pricing History
Listed for Sale
Aug 23, 2024
$2,200,000
Initial Listing