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HomeSmart Realty West /DRE# 00849504
19915 Wright Drive, Los Gatos, CA 95033
- $2,250,000
- 2,564
- SqFt
- List Price
- $2,250,000
- Status
- ACTIVE
- MLS#
- ML82065898
- Year Built
- 1920
- Living Sq. Ft
- 2,564
- Lot Size
- 40,075
- Acres
- 0.92
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
THREE RESIDENCES. ESTABLISHED INCOME. EXCEPTIONAL LOS GATOS LOCATION. Three income-producing residences on nearly an acre, just five minutes from downtown Los Gatos and 100 yards from Lexington Reservoir. The attached in-law unit and detached cottage currently generate approximately $6,000 per month combined. The five-bedroom main home previously rented for an additional $6,000 per month, bringing potential gross rental income to approximately $12,000 monthly, or $144,000 annually, based on current and historical rents. The main home features brand-new flooring throughout, dual-pane windows, fresh paint, stainless steel appliances, and quartz countertops. A two-car garage and approximately 540-square-foot semi-finished basement provide additional utility and storage. Desirable Los Gatos schools, proximity to downtown, and access to Lexington Reservoir strengthen the property's rental appeal. With two rentals already generating income and an established rental history for the main home, this versatile property offers a compelling opportunity for investors seeking multiple income streams in a sought-after Los Gatos location. This is a very rare opportunity and excellent value. Don't miss out on this incredible investment opportunity!
Additional Information
- Taxes
- $28,125
- Appliances
- Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Sump Pump
- Heat
- Forced Air, Fireplace(s), Propane
- Cooling
- Yes
- View
- Mountain(s), Trees/Woods
- Exterior Construction
- Other
- Roof
- Composition, Shingle
- Garage Spaces Total
- 2
- School District
- Other
- Elementary School
- Other
- Middle School
- Raymond J. Fisher
- High School
- Los Gatos
- Attached Structure
- Detached
- Gross Scheduled Income
- $147,060
Listing courtesy of Listing Agent: Scott C. Poncetta (sponcetta@kw.com) from Listing Office: KW Bay Area Estates.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.