$2,700,000
$2,999,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
3,930 SqFt
SOLD DATE : 12/03/2021
Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,930 sqft
Price per Sqft $687
MLS Listing ID ML81856787
Sold Date 12/03/21
Bedrooms 6
Full Baths 4
Year Built 1897
Lot Size 0.285 Acres
Property Description
81 & 83 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! It is comprised of a two unit self contained converted Victorian home and a Triplex which is located at the rear of the property. The Victorian is ripe for remodeling and stabilization to market rents. Or the investor can explore the possibilities of converting the home back to a Single Family Residence for their own occupancy. Both units are large at ~1,225 SF and ~960 SF and feature 2 bedrooms and 1 bath each. The Triplex was built circa 1937 and has benefited from an upgraded electrical system and dual pane windows. All units are 1 bedroom 1 bath. This property has not been on the market since the 1970s and is located on one of the most historic streets in Los Gatos. This is a true portfolio property and one that could be kept in the family for many years to come.
Location
State CA
County Santa Clara
Area Los Gatos/Monte Sereno
Building/Complex Name Fairview Plaza
Zoning RM
Rooms
Kitchen Countertop - Granite, Countertop - Tile, Dishwasher, Garbage Disposal, Oven Range, Refrigerator
Interior
Heating Forced Air, Wall Furnace
Cooling Ceiling Fan, Window / Wall Unit
Flooring Carpet, Hardwood, Tile, Vinyl / Linoleum
Laundry None
Exterior
Garage Assigned Spaces, Carport , Covered Parking
Community Features Garden / Greenbelt / Trails
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
View Garden / Greenbelt, Greenbelt, Mountains
Roof Type Composition
Building
Foundation Concrete Perimeter, Post and Pier
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 510-43-021
Security Features None
Special Listing Condition Not Applicable
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Bought with Stephen Guzzetti • Intero Real Estate Services