$4,300,000
For Sale

209 Milbrae Lane

Los Gatos, CA 95032
0.28 acres | #ML81986907
Listing OfficeMarcus & Millichap
Browse 218 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

209 Milbrae Lane is a fully upgraded, eight unit apartment building located 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.

  • Property Details
      • Property SubtypeCommercialSale
      • CountySanta Clara
      • Original List Price$4,300,000
      • MLS #ML81986907
      • MLS #ML81986907
      • Property TypePurchase
      • Taxes Annual$48,225
      • Cost4300000
      • Acres0.2769
      • School DistrictOther
      • Year Built1958

Location

Gary ElminoufiReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

Nearby Listings in 95032