205 Milbrae Lane

Los Gatos, CA 95032

$3,800,000
Last Sold Price
Beds
5,472 Sq. Ft.
$694 / Sq. Ft.
5,472
Sq. Ft.
$694
per Sq. Ft.

Description

Desirable, turn key Los Gatos 8 Unit Multi-Family investment opportunity within a short stroll to downtown Los Gatos shopping and restaurants, near Whole Foods Market, Lunardi's Market and the Los Gatos Trail. The building is approximately 12 miles from Apple's new "Spaceship" campus, 8 miles from Santana Row and Valley Fair and 2.5 miles from Netflix Los Gatos Campus. Extensive interior and exterior capital improvements have just been completed by DeMattei Construction and the building is currently...Desirable, turn key Los Gatos 8 Unit Multi-Family investment opportunity within a short stroll to downtown Los Gatos shopping and restaurants, near Whole Foods Market, Lunardi's Market and the Los Gatos Trail. The building is approximately 12 miles from Apple's new "Spaceship" campus, 8 miles from Santana Row and Valley Fair and 2.5 miles from Netflix Los Gatos Campus. Extensive interior and exterior capital improvements have just been completed by DeMattei Construction and the building is currently being leased and managed by professional property management. Desirable Unit-Mix consisting of Four 2BED/1BATH units and Four 1BED/1BATH Units. Improvements/Updates include: a new roof, dual pane windows, exterior stair system, exterior paint, private patios, landscaping, hardscape, flooring, interior paint and appliances. This building has great curb appeal and shows pride of ownership. There are currently 4 occupied units with annual leases.
  1. Listed by Joe N. Pollifrone • DRE #00889153 • Sereno
  2. Listed by John Guidace • DRE #00913637 • Sereno

Property Details for 205 Milbrae Lane

MLS City Name
LOS GATOS
Building Type
Other
Style
Ranch
Garage Spaces
0
Parking Spaces
2
View
Mountains
Cross Street
Towne Terrace

Location

Listing Courtesy of Sereno, Joe N. Pollifrone, DRE #00889153; Sereno, John Guidace, DRE #00913637

Sold By Intero Real Estate Services, Mary Ann Brown, DRE #01478628

Add your commute
LISTING UPDATED: 03/08/2021 03:29 PM

Property Details for 205 Milbrae Lane

StatusSold
MLS #ML81795629
Days on Compass224
Taxes$25,368 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Other
Year Built1958
Lot Size0.27 AC / 11,978 SF
CountySanta Clara County

Location

Listing Courtesy of Sereno, Joe N. Pollifrone, DRE #00889153; Sereno, John Guidace, DRE #00913637

Sold By Intero Real Estate Services, Mary Ann Brown, DRE #01478628

Add your commute

Building Information for 205 Milbrae Lane

Stories-Residences-Year Built1958Building Size-Lot Size0.27 AC / 11,978 SF

Payment Calculator

$22,852 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,738

Property Taxes

$2,114

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 205 Milbrae Lane

Features
External Links
Room Information
  • Additional Rooms: Laundry Room
  • Kitchen: Appliances - Vary by Unit, Countertop - Synthetic, Other
Features
  • Amenities: Other
  • Communications: Other
  • Energy Features: Double Pane Windows
  • Fireplace: No
  • Flooring: Laminate
  • Laundry: Coin Operated
  • Living SqFt: 5472
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Water
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 8
Property Details
Homeowners Association
  • HOA Exists: 0
Property Details
  • Exterior: Dual Pane Windows
  • Min Num Of Units in Complex: 8
  • Area Text: Los Gatos/Monte Sereno
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 205
  • Street Name: Milbrae
  • Street Suffix: Lane
  • Area ID: 16
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5472
  • Structure SqFt Source: Assessor
  • Age: 62
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Limited Partnership
  • Zoning Detail: RM520
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 529-08-035
  • County Name: Santa Clara
  • City Name: LOS GATOS
  • City Postal ID: 30
  • Postal Code: 95032
  • Elementary School District: 461
  • High School District Text: Los Gatos-Saratoga Joint Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .28
  • Lot Description: Grade - Gently Sloped
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio, Deck , Fenced, Sprinklers - Auto, Sprinklers - Lawn
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $25,368
  • Capitalization Rate: 3.49
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $13,736
  • Expense Landscape: $2,610
  • Expense Maintenance: $9,761
  • Expense Management: $12,207
  • Expense Trash: $4,104
  • Expenses Other: $115
  • Expenses Utility: $6,091
  • Expenses Total: $73,992
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Fee - Rent/Lease, Insurance, Maintenance, Maintenance - Exterminator, Maintenance - Repair, Services - Gardener, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 18.71
  • Income Annual Gross: $213,720
  • Income Annual Rental: $212,700
  • Income Gross Scheduled: $213,720
  • Income Other: $1,020
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,250
Unit 2 Information
  • Unit 2 Approx Square Footage: 480
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,950
Unit Type 1
  • Unit Type1 Approx SqFt: 888

Property History for 205 Milbrae Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 205 Milbrae Lane

Taxable ValueLand$1,664,640Additions$2,288,880Total$3,953,520
Tax Record2023$49,635 ($4,136 / month)
Home Facts
Total Finished SqFt5,472 SqFtAbove Grade Finished SqFt5,472 SqFtStories2Lot Size12,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningRM520CountySANTA CLARAAPN529-08-035Fireplace TypeHas Fireplace

Schools near 205 Milbrae Lane

This home is within Los Gatos Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Loma Prieta Elementary School
PublicK to 5

Daves Avenue Elementary School
PublicK to 5

C. T. English Middle School
Public6 to 8

Raymond J. Fisher Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sereno, Joe N. Pollifrone, DRE #00889153; Sereno, John Guidace, DRE #00913637

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.