$ 4,300,000
209 Milbrae LN Los Gatos, CA 95032
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$ 4,300,000
Est. payment | /mo
0.28 Acres Lot
$ 4,300,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81986907
HOA Y/N No
Year Built 1958
Annual Tax Amount $48,225
Lot Size 0.277 Acres
Property Description
Marcus & Millichap is pleased to present 209 Milbrae Lane, an eight-unit apartment complex, located in Los Gatos, CA. 209 Milbrae Lane is a fully upgraded turnkey investment property in Los Gatos, CA. The asset was constructed in 1958, and fully renovated in 2018. It sits on a 12,062 square foot lot, offering 5,750 square feet of building area. 209 Milbrae Lane offers (6) six one-bed, one-bath units, and (2) two-bed, one-bath units, all of which have been fully upgraded including: LPV flooring, granite counter tops, new cabinets and fixtures in the kitchens and bathrooms, central HVAC and in-unit washer and dryers. In addition to high-end interior renovations, the complex offers tenants private covered parking stalls, individual 8x8 storage spots, a small private fenced interior courtyard and a mini putting green. An investor could not ask for a better location. 209 Milbrae sits within walking distance to the numerous premium retail and restaurant options of down town Los Gatos. Furthermore, tenants living here are within the highly rated and prestigious Los Gatos-Saratoga Union High School District which makes this asset a poplar choice for tenants looking to be within this school district.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM520
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Carport Spaces 8
Roof Type Flat
Total Parking Spaces 3
Schools
School District Other
Others
Tax ID 52908034
Special Listing Condition Standard
Listed by Fred Rubio • Marcus & Millichap