470 San Benito Avenue

Los Gatos, CA 95030

$4,699,000
Price
Beds
5,348 Sq. Ft.
$879 / Sq. Ft.
5,348
Sq. Ft.
$879
per Sq. Ft.

Description

Welcome to 470 San Benito Avenue...a rare opportunity to own a total of four units in downtown Los Gatos with the advantage of strong income. The main structure has a sophisticated penthouse with approximately +/- 2460 square feet of gracious living. You feel like you are living in New York. Below the penthouse are two apartments with approximately +/- 1200 square feet. Both units have been beautifully updated and remolded. The charming cottage sits on the same parcel but has a mailing address of...Welcome to 470 San Benito Avenue...a rare opportunity to own a total of four units in downtown Los Gatos with the advantage of strong income. The main structure has a sophisticated penthouse with approximately +/- 2460 square feet of gracious living. You feel like you are living in New York. Below the penthouse are two apartments with approximately +/- 1200 square feet. Both units have been beautifully updated and remolded. The charming cottage sits on the same parcel but has a mailing address of 307 Andrews Street. The cottage is approximately =/- 700 square feet. All four units are currently rented. In the past, the penthouse has been owner-occupied and all other three units have been rented. The Penthouse has a rooftop deck over the garage with stunning views of the surrounding Mountains. The pool on the rooftop deck has been covered with a deck. Living in downtown Los Gatos offers a balance between a peaceful suburban lifestyle and access to many amenities. With beautiful surroundings and many dining and shopping options, downtown provides a high quality of life for its residents.
  1. Listed by Donald Knight • DRE #01028567 • Brokerage DRE #01908304 • Coldwell Banker Realty • 408-313-2191

Property Details for 470 San Benito Avenue

MLS City Name
Los Gatos
Building Type
FOURPLEX
Garage Spaces
2
Parking Spaces
4
Cross Street
Andrews Street

Location

Listing Courtesy of Coldwell Banker Realty, Donald Knight, DRE #01028567
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LISTING UPDATED: 04/25/2024 06:52 AM

Property Details for 470 San Benito Avenue

StatusActive
MLS #ML81949697
Days on Compass138
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1918
Lot Size0.21 AC / 9,300 SF
CountySanta Clara County

Location

Listing Courtesy of Coldwell Banker Realty, Donald Knight, DRE #01028567
Add your commute

Building Information for 470 San Benito Avenue

Stories2Residences4Year Built1918Building Size-Lot Size0.21 AC / 9,300 SF

Payment Calculator

$25,644 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,644

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 470 San Benito Avenue

Features
Room Information
  • Additional Rooms: Storage
  • Kitchen: Countertop - Granite, Ice Maker, Dishwasher, Cooktop - Gas, Garbage Disposal, Hood Over Range, Microwave, Pantry, Exhaust Fan, Cooktop - Electric, Refrigerator, Oven - Gas, Oven - Electric
Features
  • Amenities: Walk-in Closet, Skylight
  • Energy Features: Skylight, Energy Star Appliances, Tankless Water Heater, Double Pane Windows
  • Fireplace: No
  • Flooring: Tile, Hardwood
  • Laundry: Washer / Dryer
  • Living SqFt: 5348
  • Pool: Yes
  • Pool Type: Other
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: Central AC, Window / Wall Unit
  • Heating: Floor Furnace, Central Forced Air, Central Forced Air - Gas, Electric
  • Meters: Separate Electric
  • Sewer Septic: Sewer - Public, Sump Pump
  • Utilities: Individual Electric Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 2
Garage
  • Garage and Parking: Carport, On Street, Gate / Door Opener, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Dual Pane Windows
  • Area Text: Los Gatos/Monte Sereno
  • Roof: Other, Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 470
  • Street Name: San Benito
  • Street Suffix: Avenue
  • Area ID: 16
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 5348
  • Structure SqFt Source: Assessor
  • Age: 105
Development Information
  • Ownership Type: Trust
  • Zoning Detail: RM512
Location Information
  • City Limits: Yes
  • Directions: Located at the corner of San Benito and Andrews
  • Incorporated: Yes
  • Parcel Number: 410-16-056
  • County Name: Santa Clara
  • City Name: Los Gatos
  • City Postal ID: 30
  • Postal Code: 95030
  • Elementary School: 140
  • Elementary School District: 461
  • Middle School Text: Raymond J. Fisher Middle
  • High School District Text: Los Gatos-Saratoga Joint Union High
  • High School Text: Los Gatos High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Horse Property: No
  • Lot Acres: .21
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
  • Yard Grounds: Fenced, Balcony / Patio, Deck
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $0
  • Building Unit Total: 4
  • Capitalization Rate: 4.35
  • Tenant Expenses: Utilities - Electric
  • Income Includes: None
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $0
  • Operating Expenses Include: Other
  • Gross Rent Multiplier: 22.97
  • Income Annual Gross: $204,600
  • Income Annual Rental: $204,600
  • Income Gross Scheduled: $204,600
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $6,400
Unit 2 Information
  • Unit 2 Approx Square Footage: 1200
  • Unit 2 Full Bathrooms: 0
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $3,300
Unit 3 Information
  • Unit 3 Approx Square Footage: 1200
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $3,300
Unit 4 Information
  • Unit 4 Approx Square Footage: 730
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $4,050
Unit Type 1
  • Unit Type1 Approx SqFt: 2460

Property History for 470 San Benito Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 470 San Benito Avenue

Taxable ValueLand$2,050,585Additions$1,859,197Total$3,909,782
Home Facts
Total Finished SqFt5,348 SqFtAbove Grade Finished SqFt5,348 SqFtStories2Lot Size9,000 SqFtStyleQuadraplexYear Built1918ZoningRM512CountySANTA CLARAAPN410-16-056Fireplace TypeHas Fireplace

Schools near 470 San Benito Avenue

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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470 San Benito Avenue is a multi-family home for sale in Los Gatos, CA 95030. This property was listed for sale on December 13, 2023 by Coldwell Banker Realty, it's currently listed at $4,699,000. It has been on the market for a total of 138 days and was last sold on June 18, 2018. This listing's school districts are Los Gatos Union Elementary School District, Loma Prieta Joint Union Elementary School District, Los Gatos-Saratoga Joint Union High School District. Nearby schools include Loma Prieta Elementary School, Daves Avenue Elementary School and C. T. English Middle School. 470 San Benito Avenue is a 0-bed, 0-bath, 5,348 sqft multi-family home built in 1918.

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 Coldwell Banker Realty, Donald Knight, DRE #01028567

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.