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For sale
    • Price cut: $400K (6/26)
    $1,998,000

    533 University Ave, Los Gatos, CA 95032

    5beds
    3baths
    2,572sqft
    : 
    $13,616/mo
    Get pre-qualified
    Triplex, Residential Income
    Built in 1898
    -- sqft lot
    $1,950,000 Zestimate®
    $777/sqft
    $-- HOA

    What's special

    Charming Triplex in the Heart of Downtown Los Gatos. Quintessential lifestyle with a rare investment opportunity. Moments from the vibrant energy of downtown, this property provides the ultimate close-to-everything convenience that defines the magic of this community. Prime investment with timeless character. Fantastic addition to any portfolio offering versatile rental potential in a high-demand market. PER Sec. 29.10.320 OF LOS GATOS CODE OF ORDINANCES, THE TOWN OF LOS GATOS WILL CONSIDER THE ADDITION OF AN 800 SQ. FT. 4TH UNIT IN THE FORM OF AN ADU ABOVE THE GARAGE/CARPORT. Living here means the best of Los Gatos and Silicon Valley are right in your backyard with world-class dining, boutique shopping, and community events just a short stroll away. Residents can walk to local favorites and Michelin-rated dining options. Enjoy an outdoor lifestyle with proximity to Oak Meadow Park, the Los Gatos Creek Trail, the Santa Cruz Mountains and the Santa Cruz all nearby. Close to everything you will need, it also offers effortless access to Hwy 17 and 85 for easy transit around Silicon Valley. The property is situated within the prestigious Los Gatos Union Elementary School District. Do not miss your chance to own a piece of the local legacy in a location that truly has it all.
    66 days
    |
    2,494
    |
    96
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Brian Bernasconi 01363508 408-979-1400,

    Christie's International Real Estate Sereno 408-335-1400

    Source: MLSListings Inc,MLS#: ML82047345MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      Heating
      • Other
      Cooling
      • None
      Features
      • Doors: None
      Interior area
      • Total structure area: 2,572
      • Total interior livable area: 2,572 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Carport, Common, No Garage, On Street
      • Carport spaces: 4
      Accessibility
      • Accessibility features: None
      Features
      • Stories: 2
      • Has view: Yes
      • View description: City, Downtown, Hills
      Lot
      • Size: 5,408 Square Feet
      Details
      • Parcel number: 52907059
      • Zoning: R-1D
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Residential Income
      Materials
      • Foundation: Concrete Perimeter
      • Roof: Composition, Shingle
      Condition
      • Year built: 1898

      Utilities & green energy

      • Gas: PublicUtilities
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Public Utilities, Water Public

      Community & HOA

      Location
      • Region: Los Gatos

      Financial & listing details

      • Price per square foot: $777/sqft
      • Tax assessed value: $75,024
      • Annual tax amount: $3,100
      • Date on market: 5/26/2026
      • Listing agreement: ExclusiveRightToSell
      • Listing terms: CashorConventionalLoan
      • Inclusions: Building, DishwasherSomeUnits, Land, OvenRangeAllUnits
      • Lease term: Month To Month

        Estimated market value

        $1,950,000

        $1.85M - $2.05M

        $4,468/mo

        Price history

        DateEventPrice
        6/26/2026Price change$1,998,000-16.7%$777/sqft
        Source: MLSListings Inc #ML82047345 Report a problem
        5/26/2026Listed for sale$2,398,000$932/sqft
        Source: MLSListings Inc #ML82047345 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,100 +1.5%$75,024 +2%
        2024$3,055 +3.4%$73,554 +2%
        2023$2,955 +0%$72,113 +2%
        2022$2,954 +6.4%$70,700 +2%
        2021$2,778 +4.8%$69,315 +1%
        2020$2,651 $68,605 +2%
        2019$2,651 +8.8%$67,261 +2%
        2018$2,437 $65,943 +2%
        2017$2,437 +3.8%$64,651 +2%
        2016$2,348 +10.1%$63,385 +1.5%
        2015$2,132 +4.5%$62,434 +2%
        2014$2,040 $61,212 +0.5%
        2013-- $60,936 +2%
        2012-- $59,742 +2%
        2011-- $58,571 +0.8%
        2010-- $58,134 -0.2%
        2009-- $58,273 +2%
        2008-- $57,132 +2%
        2007-- $56,013 +2%
        2006-- $54,916 +2%
        2005-- $53,840 +2%
        2004-- $52,785 +1.9%
        2003-- $51,818 +2%
        2002-- $50,802 +2%
        2001-- $49,807
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 95032

        Getting around

        90 / 100
        Walker's Paradise
        86 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

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