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(650) 533-3526
Real Estate Company
19915 Wright DR, Los Gatos, CA 95033
- $2,250,000
- 8
- BD
- 2,564
- SqFt
Listed by Scott C. Poncetta, 408-757-1007 from KW Bay Area Estates
(If provided) CoList: Judith Vandsburger from KW Bay Area Estates
- List Price
- $2,250,000
- MLS#
- ML82065898
- Status
- ACTIVE
- Zoning
- HS
- Sqft. of Residence
- 2,564
- Lot Size
- 40,075
- Listing Area
- Los Gatos Mountains
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!
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Additional Information
- Amenities
- Vaulted Ceiling
- Cooling System
- Ceiling Fan
- Energy Features
- Double Pane Windows, Tankless Water Heater
- Floor Covering
- Carpet, Vinyl / Linoleum
- Foundation
- Other
- Garage Parking
- Attached Garage, Gate / Door Opener, Off-Street Parking
- Heating System
- Fireplace, Forced Air, Propane
- Laundry Facilities
- Washer/Dryer - Some Units
- Living Area
- 2,564
- Lot Description
- Grade - Varies, Pond On Site
- Lot Size
- 40,075
- Neighborhood
- Los Gatos Mountains
- Other Rooms
- Basement - Finished, Storage, Other
- Other Utilities
- Propane On Site
- Roof
- Composition, Shingle
- Sewer
- Existing Septic, Sump Pump
- Unincorporated Yn
- Yes
- View
- Forest / Woods, View of Mountains
- Zoning
- HS
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
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