SOLD 01/06/2023
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Commercial sold for $3,975,000 in 164 days
233 N Santa Cruz Ave Los Gatos, CA, 95030
Off the market Comm Ind For Sale
This incredibly RARE opportunity hasn't been on the market for 35 years. Long term TURNKEY cash generating asset offered at a VERY competitive 4.75% Cap Rate. 100% occupied single story medical office & retail building in the HEART of downtown Los Gatos' walkable shopping district. Comprising the ENTIRE southwest corner of North Santa Cruz and Bachman Avenues this LARGE property is surrounded by IMMENSELY popular destination shops and restaurants drawing people from ALL OVER the Silicon Valley. Grandfathered in GROUND FLOOR OFFICE SPACE (86% of building) with North Santa Cruz FRONTAGE and an UNHEARD OF 15 ON SITE parking spaces plus 7 MORE PURCHASED Los Gatos Public Parking District spaces. 4.5+ years remaining on the ABSOLUTE NNN lease of the office space. SIGNIFICANT future potential redevelopment play for these 2 adjacent parcels totaling 8,853 SF allowing over 5,300 SF total C-2 zoned building space. New owner has YEARS to BANK increasing cash flow during planning and entitlement.
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Property details
3,111 sqft interior area
Land area
8,853 sqft (0.20 acres)
Address
233 N Santa Cruz Ave, Los Gatos, CA, 95030
City of California
Los Gatos
County
Santa Clara
Year Built
1954
District
Los Gatos/monte Sereno
Nearby major retailers
CVS Pharmacy
Petco
O'Reilly Auto Parts
Jiffy Lube
Rite Aid
Trader Joe's
Ace Hardware
Pet Food Express
The Home Depot
Walgreens
7-Eleven
Whole Foods Market
Big Lots
Ross
AutoZone
Apple Store
AT&T
Verizon Wireless
See's Candies
Safeway
GNC
Shell
Dollar Tree
T-Mobile
Supercuts
Public Storage
Chemist: 7
Pet: 3
Car parts: 5
Car repair: 3
Supermarket: 5
Do it yourself: 2
Convenience: 9
Department store: 3
Electronics: 1
Mobile phone: 8
Confectionery: 1
Nutrition supplements: 1
Variety store: 3
Hairdresser: 1
Storage rental: 1
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Interior Features
—
Garage & Parking
Assigned, Common
Listed by
David Propach, But Simple, Inc.
Name
David Propach
License number
01926166
Brokerage company
But Simple, Inc.
MLS #
ML81901729
Buyer agent
Name
Recip
Brokerage company
Out of Area Office
Payment calculator
Calculate your monthly payments
Mortgage
$12,205
Taxes
$0
HOA dues
$0
Mortgage
$795,000 / 20%
2.28%
30 years
Your amount
$12,205 / month
Lot details
TMK #51017086
Parcel nr.
51017086
95030 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 95030
46%
Families with children
National average: 39%
28%
Non family households
177,043
Population
$208,538
Average Income
Age & gender
Median age 45 years
More info
Commute types
86% commute by car
More info
Education level
34% have bachelor education
More info
Number of employees
3% work in management
More info
Vehicles available
45% have 2 vehicle
More info
Vehicles by gender
45% have 2 vehicle
More info
Housing market insights for
$3.04m
Neighborhood average
sales price*
sales price*
$2.9m
Neighborhood median
sales price*
sales price*
178
Number
of sales*
of sales*
Housing type
66% are single detacheds
More info
Rooms
30% of the houses have 4 or 5 rooms
More info
Bedrooms
53% have 2 or 3 bedrooms
More info
Owners vs Renters
71% are owners
More info
12.67 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Schools
15 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
|
St. Mary Elementary School
30 Lyndon Avenue,
Los Gatos, CA 95030
Elementary School |
0.261mi | |
|
St. Mary Elementary School
30 Lyndon Avenue,
Los Gatos, CA 95030
Middle School |
0.261mi | |
|
Fusion Academy Los Gatos
50 University Avenue,
Los Gatos, CA 95030
High School |
0.275mi | |
| School rating | Distance | |
|---|---|---|
|
St. Mary Elementary School
30 Lyndon Avenue,
Los Gatos, CA 95030
|
0.261mi | |
| out of 10 |
Louise Van Meter Elementary School
16445 Los Gatos Boulevard,
Los Gatos, CA 95032
|
0.932mi |
| out of 10 |
Daves Avenue Elementary School
17770 Daves Avenue,
Los Gatos, CA 95030
|
0.95mi |
|
Los Gatos-Saratoga Juhsd Adult Education Program
17421 Farley Road West,
Los Gatos, CA 95030
|
1mi | |
|
Liber Community School
16555 Shannon Rd.,
Los Gatos, CA 95032
|
1.307mi | |
| School rating | Distance | |
|---|---|---|
|
St. Mary Elementary School
30 Lyndon Avenue,
Los Gatos, CA 95030
|
0.261mi | |
|
Fusion Academy Los Gatos
50 University Avenue,
Los Gatos, CA 95030
|
0.275mi | |
| out of 10 |
Raymond J. Fisher Middle School
19195 Fisher Avenue,
Los Gatos, CA 95032
|
0.944mi |
|
Los Gatos-Saratoga Juhsd Adult Education Program
17421 Farley Road West,
Los Gatos, CA 95030
|
1mi | |
|
Liber Community School
16555 Shannon Rd.,
Los Gatos, CA 95032
|
1.307mi | |
| School rating | Distance | |
|---|---|---|
|
Fusion Academy Los Gatos
50 University Avenue,
Los Gatos, CA 95030
|
0.275mi | |
| out of 10 |
Los Gatos High School
20 High School Court,
Los Gatos, CA 95030
|
0.5mi |
|
Los Gatos-Saratoga Juhsd Adult Education Program
17421 Farley Road West,
Los Gatos, CA 95030
|
1mi | |
|
Liber Community School
16555 Shannon Rd.,
Los Gatos, CA 95032
|
1.307mi | |
|
Highland Institute for Better Education
109 Belvue Drive,
Los Gatos, CA 95032
|
3.783mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Jan 6, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 6, 2023 | Sold | $3,975,000 | 0 | Public Record |
| Jan 6, 2023 | Price Increase | $3,975,000 +1.27% | 0 | MLS #ML81901729 |
| Aug 27, 2022 | Pending | $3,925,000 | 0 | MLS #ML81901729 |
| Jul 30, 2022 | Under contract | $3,925,000 | 0 | MLS #ML81901729 |
| Jul 27, 2022 | New Listing | $3,925,000 | 0 | MLS #ML81901729 |
Taxes of 233 N Santa Cruz Ave, Los Gatos, CA, 95030
C2 zoning / MLS #ML81901729
Zoning
C2
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Frequently Asked Questions about 233 N Santa Cruz Ave
What is 233 N Santa Cruz Ave?
233 N Santa Cruz Ave is a Commercial/Industrial propertywith 3,111 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
233 N Santa Cruz Ave, Los Gatos, CA, 95030.
What comparable properties are nearby?
Comparable nearby commercial properties include 109 Cleland Ave, 2258 Camden Ave, 2856 Joseph Ave, 2243 Tomasina Ct, 1600 Winchester Blvd, 358 S Clover Ave.
Based on information from the bridgeMLS as of 05-03-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Jan 08, 2023
Verhouse Last checked 3 minutes ago
The closest grocery stores are Safeway, 0.34 miles away and Lunardi's, 1.19 miles away.
The 95030 zip area has a population of 177,043, and 46% of the families have children. The median age is 45.47 years and 86% commute by car. The most popular housing type is "single detached" and 71% is owner.
