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209 Milbrae Lane

Los Gatos, CA 95032
  • $3,310,000
  • STATUS: Closed
  • ON SITE: 87 Days
  • ID#: ML81986907
Sold - 01/29/2025
$3,310,000
SOLD - 01/29/2025
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1958
County:

School Ratings & Info

School District:
Listing Agent(s): Fred Rubio of Marcus & Millichap ((650) 391-1700)


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.

Sold by Fred Rubio of Marcus & Millichap.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-14T12:28:31.8. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/157996436
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209 Milbrae Lane Los Gatos, CA 95032

  • Price: $4,300,000
  • Status: Closed
  • On Site: 87 Days
  • Updated: 69 min ago
  • ID#: ML81986907
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1958
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
School District:
Other
Property 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.
Exterior Features

Carport Spaces 8 Carport YN Yes Parking Total 3 Roof Flat

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association Fee 0 Buyer Financing Cash Gross Scheduled Income 253800 Insurance Expense 7000 Listing Agreement Exclusive Right To Sell Maintenance Expense 4000 Other Expense 5000 Special Listing Conditions Standard Tax Annual Amount 48225 Trash Expense 1720 Zoning RM520



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-14T12:28:31.8. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Fred Rubio of Marcus & Millichap ((650) 391-1700)