Well-maintained and fully updated triplex offering strong income with low operating expenses. The property features two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all in excellent condition with nothing needed. Each unit offers larger kitchens, generously sized bedrooms and bathrooms, in-unit washer/dryers, private porches, and outdoor areas ideal for planting or personal use. Centrally located near the high school off of East Main then Pleasant Street, providing excellent walkability to town and trails and consistent tenant demand. Solid rental history with good rents, very low expenses, and reliable long-term tenants in place with newly extended leases. Turnkey investment with stable cash flow, would be easily filled if vacated due to location and unit quality. Expenses provided are estimates for 12 months.
Sold for $2,499,000
$2,499,000
16 Terrace Ct, Los Gatos, CA 95030
5beds
3baths
2,123sqft
Triplex, Residential Income
Built in 1954
-- sqft lot
$2,472,800 Zestimate®
$1,177/sqft
$4,286 Estimated rent
Home value
$2,472,800
$2.27M - $2.70M
$4,286/mo
Zestimate® history
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$4,286/mo
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$4,286/mo
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$16,171/mo
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Zillow last checked:
Listing updated:
Listed by:
Bill Rippe 01183077 408-209-0706,
Christie's International Real Estate Sereno 408-335-1400
Bought with:
Lexie Smith, 01172549
Intero Real Estate Services
Source: MLSListings Inc,MLS#: ML82031463
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Kitchen
- Features: Countertop_SolidSurfceCorian, Countertop_Synthetic, ExhaustFan, Hookups_Gas
Heating
- Central Forced Air Gas
Cooling
- Central Air
Appliances
- Included: Gas Cooktop, Dishwasher, Exhaust Fan, Microwave, Electric Oven, Self Cleaning Oven, Oven/Range, Refrigerator, Washer/Dryer
Features
- Flooring: Hardwood, Laminate, Tile
Interior area
- Total structure area: 2,123
- Total interior livable area: 2,123 sqft
Property
Parking
- Total spaces: 3
- Parking features: Assigned, No Garage, On Street
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Features
- Stories: 1
- Has view: Yes
- View description: Garden/Greenbelt
Lot
- Size: 7,830 Square Feet
- Features: Gentle Sloping, Sloped Up, Paved
Details
- Additional structures: Sheds
- Parcel number: 52926011
- Zoning: RM512
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Residential Income
Materials
- Foundation: Concrete Perimeter, Other, Crawl Space, Wood Frame
- Roof: Composition
Condition
- Year built: 1954
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Los Gatos
Financial & listing details
- Price per square foot: $1,177/sqft
- Tax assessed value: $1,615,712
- Annual tax amount: $20,767
- Date on market: 1/16/2026
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: Building, DishwasherAllUnits, FixturesandEquipment, Land, OvenRangeAllUnits
- Lease term: 12 Months
Price history
| Date | Event | Price |
|---|---|---|
| 2/5/2026 | Sold | $2,499,000$1,177/sqft |
Source:  MLSListings Inc #ML82031463 Report a problem | ||
| 1/23/2026 | Pending sale | $2,499,000$1,177/sqft |
Source: MLSListings Inc #ML82031463 Report a problem | ||
| 1/16/2026 | Listed for sale | $2,499,000+2.8%$1,177/sqft |
Source: MLSListings Inc #ML82031463 Report a problem | ||
| 2/28/2025 | Sold | $2,430,000+71.1%$1,145/sqft |
Source: Public Record Report a problem | ||
| 6/26/2018 | Sold | $1,420,000-16.5%$669/sqft |
Source:  MLSListings Inc #ML81703629 Report a problem | ||
| 5/2/2018 | Listed for sale | $1,700,000$801/sqft |
Source: Sereno Group #ML81703629 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,768 +3.5% | $1,615,712 +2% |
| 2024 | $20,070 +1.8% | $1,584,032 +2% |
| 2023 | $19,718 +0.6% | $1,552,973 +2% |
| 2022 | $19,601 +2.1% | $1,522,524 +2% |
| 2021 | $19,200 +2.1% | $1,492,672 +1% |
| 2020 | $18,799 | $1,477,368 +2% |
| 2019 | $18,799 +2.8% | $1,448,400 +1.3% |
| 2018 | $18,291 | $1,430,000 +498.7% |
| 2017 | $18,291 +313.6% | $238,842 +2% |
| 2016 | $4,422 | $234,160 +1.5% |
| 2015 | -- | $230,644 +2% |
| 2014 | -- | $226,127 +0.5% |
| 2013 | -- | $225,106 +2% |
| 2012 | -- | $220,693 +2% |
| 2011 | -- | $216,367 +0.8% |
| 2010 | -- | $214,751 -0.2% |
| 2009 | -- | $215,262 +2% |
| 2008 | -- | $211,042 +2% |
| 2007 | -- | $206,904 +2% |
| 2006 | -- | $202,848 +2% |
| 2005 | -- | $198,871 +2% |
| 2004 | -- | $194,973 +1.9% |
| 2003 | -- | $191,401 +2% |
| 2002 | -- | $187,649 +2% |
| 2001 | -- | $183,971 |
Find assessor info on the county website
Neighborhood: 95030
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Nearby schools
GreatSchools rating
- 10/10Louise Van Meter Elementary SchoolGrades: K-5Distance: 0.7 mi
- 9/10Raymond J. Fisher Middle SchoolGrades: 6-8Distance: 0.9 mi
- 10/10Los Gatos High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Middle: RaymondJFisherMiddle
- District: LosGatosUnionElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$2,472,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,472,800
- California
- Santa Clara County
- Los Gatos
- 95030
- 16 Terrace Ct
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