Rare opportunity to own an investment property in Downtown Los Gatos. Nicely renovated 3-unit property; freshly painted inside & out. All new LVP Flooring in all units. All new lighting, switches & outlets, very nice! Low maintenance yards: Spacious patios for Unit A and the back Cottage, common area patio behind the main building. Each unit has separate laundry area (A has W/D included). Full basement under main house, partially finished. Detached 1 car garage + on site & street parking. Main building; Unit A has 2 Bedrooms, 1 Bath w/nice living room, spacious kitchen, laundry room + private backyard. Unit B has 1 bedroom, 1 bath, living room and laundry. Detached cottage in rear is 1 bedroom, 1 bath + small living room, private backyard and detached laundry room w/storage.
Coveted location, close to restaurants, parks, shopping & more.
Sold for $2,000,000
$2,000,000
511 University Ave, Los Gatos, CA 95032
4beds
7baths
2,145sqft
Triplex, Residential Income
Built in 1920
-- sqft lot
$2,380,600 Zestimate®
$932/sqft
$4,046 Estimated rent
Home value
$2,380,600
$2.09M - $2.71M
$4,046/mo
Zestimate® history
Owner options
List your home for rent
$4,046/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$4,046/mo
Rent Zestimate®
Refinance and save
$12,717/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$12,717/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Back cottageDetached cottagePrivate backyardCommon area patioCoveted locationClose to restaurantsDetached laundry room
Zillow last checked:
Listing updated:
Listed by:
Rick Smith 00907087 408-482-0539,
KW Bay Area Estates 408-560-9000
Bought with:
Sheva Neinavaie, 01180189
Intero Real Estate Services
Source: MLSListings Inc,MLS#: ML81961957
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 7
Heating
- Floor Furnace, Wall Furnace
Cooling
- Ceiling Fan(s)
Features
- Flooring: Laminate
- Doors: None
Interior area
- Total structure area: 2,145
- Total interior livable area: 2,145 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached, On Street, Parking Area
- Garage spaces: 1
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Stories: 1
Lot
- Size: 7,203 Square Feet
Details
- Parcel number: 52907027
- Zoning: R-1D
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1920
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Los Gatos
Financial & listing details
- Price per square foot: $932/sqft
- Tax assessed value: $2,040,000
- Annual tax amount: $4,971
- Date on market: 4/18/2024
- Listing agreement: ExclusiveRightToSell
- Inclusions: Building, OvenRangeAllUnits
Price history
| Date | Event | Price |
|---|---|---|
| 5/17/2024 | Sold | $2,000,000+5.3%$932/sqft |
Source:  MLSListings Inc #ML81961957 Report a problem | ||
| 4/24/2024 | Pending sale | $1,899,950$886/sqft |
Source: MLSListings Inc #ML81961957 Report a problem | ||
| 4/18/2024 | Listed for sale | $1,899,950$886/sqft |
Source: MLSListings Inc #ML81961957 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,616 -37.5% | $2,040,000 +5.3% |
| 2024 | $40,978 +414.1% | $1,938,000 +275.9% |
| 2023 | $7,971 +0.4% | $515,583 +2% |
| 2022 | $7,935 +3.2% | $505,474 +2% |
| 2021 | $7,692 +2.8% | $495,563 +1% |
| 2020 | $7,483 | $490,483 +2% |
| 2019 | $7,483 +4.7% | $480,867 +2% |
| 2018 | $7,146 | $471,439 +2% |
| 2017 | $7,146 +1.3% | $462,196 +2% |
| 2016 | $7,053 +5.2% | $453,134 +1.5% |
| 2015 | $6,706 +2.4% | $446,329 +2% |
| 2014 | $6,551 | $437,587 +0.5% |
| 2013 | -- | $435,611 +2% |
| 2012 | -- | $427,071 +2% |
| 2011 | -- | $418,698 +0.8% |
| 2010 | -- | $415,570 -0.2% |
| 2009 | -- | $416,558 +2% |
| 2008 | -- | $408,391 +2% |
| 2007 | -- | $400,385 +2% |
| 2006 | -- | $392,535 +2% |
| 2005 | -- | $384,839 +2% |
| 2004 | -- | $377,295 +1.9% |
| 2003 | -- | $370,381 +2% |
| 2002 | -- | $363,119 +2% |
| 2001 | -- | $356,000 |
Find assessor info on the county website
Neighborhood: 95032
Nearby homes
- $--1 bd1 ba850 sqft511 University Ave #B, Los Gatos, CA 95032Off Market
- $76,482-- bd-- ba-- sqft513 University Ave, Los Gatos, CA 95032Off Market
- $2,304,7003 bd2 ba1.5k sqft507 University Ave, Los Gatos, CA 95032Off Market
- $1,854,5002 bd1 ba1k sqft503 University Ave, Los Gatos, CA 95032Off Market
- $1,856,900-- bd-- ba1.4k sqft515 University Ave, Los Gatos, CA 95032Off Market
- $1,722,600-- bd-- ba2.4k sqft523 University Ave, Los Gatos, CA 95032Off Market
- $2,882,6003 bd2 ba1.8k sqft100 Towne Ter, Los Gatos, CA 95032Off Market
- $2,016,1001 bd1 ba595 sqft477 University Ave, Los Gatos, CA 95032Off Market
Nearby schools
GreatSchools rating
- 10/10Daves Avenue Elementary SchoolGrades: K-5Distance: 0.6 mi
- 9/10Raymond J. Fisher Middle SchoolGrades: 6-8Distance: 0.6 mi
- 10/10Los Gatos High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: DavesAvenueElementary
- Middle: RaymondJFisherMiddle
- High: LosGatosHigh
- 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.
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
$2,380,600
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
$2,380,600
- California
- Santa Clara County
- Los Gatos
- 95032
- 511 University Ave
Nearby cities
Nearby zip codes
Other Los Gatos Topics
