Price Reduction
115 Towne TER Los Gatos, CA
$ 7,380,000
Property Attributes
  • MLS#ML81845475
  • TypeMulti-Family
  • CityLos Gatos
  • AreaLos Gatos-Monte Sereno
  • Zip95032
  • Style
  • Price$ 7,380,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10681
  • Lot Size0.57 Acres
Listing Provided Courtesy Of:
Matthew Thomson with Newmark Cornish & Carey.
Data Source:
MLSListings - 40 - CA
Property Description

PRICE REDUCTION - The Avery Lane Apartments located at 115 Towne Terrace and 205 Avery Lane provides an opportunity to acquire immaculately updated and maintained assets in the heart of downtown Los Gatos in an infill "A" location. The property is comprised of two (8) unit buildings on adjacent parcels, and available to purchase individually or together. It currently functions as a 16 unit building with (6) 2x1s and (10) 1x1s, strategically positioned on a corner lot. The exterior boasts the following major upgrades: new dual pane windows throughout, new paint, new roof in 2013 & asphalt resealed in 2018. A short walk to Vasona Lake County Park, University Ave, and N Santa Cruz you are steps away from all the cultural amenities, shops, restaurants, and entertainment downtown Los Gatos has to offer. The building is a short walk to Safeway, Campo Di Bocce, Old Town Los Gatos Shopping center and the Los Gatos Creek Walking Trail. Average home price over $1.8M,

Price History
5/24/2021 Listed $7,580,000
7/21/2021 3% - $7,380,000

General Features

# of Buildings 2
Accessibility Parking
Additional Rooms Laundry Room
Age 63
Association Amenities BBQ Area
Co-Listing Agent Last Name Henry
Co-Listing Agent Last Name Brian
Co-Listing Agent State License # 01385537
Complex Name Text Avery Lane Apartments
Construction Materials Wood Frame
Cooling None
County Santa Clara
Heating Gas, Wall Furnace
Listing Agent State License 01471708
MLS Area Los Gatos/Monte Sereno
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Composition, Shingle
Security Features Security Lights
Special Listing Conditions Not Applicable
Status Active
Utilities Individual Electric Meters, Individual Gas Meters, Public Utilities
Water Public
Year Built 1958
Zoning Text RM520

Interior Features

Living Sqft 10681
Unit 1 Rent 1700
Unit 2 Number Of Bedrooms 1

Exterior Features

Building Area Total 10681
Foundation Details Concrete Perimeter
Lot Acres 0.5746
Lot Size Area 25031.00
Lot Size Units Square Feet
Maximum Lot Size 25031.00
Meters Master Water, Separate Electric, Separate Gas
Parking Features Carport
Parking Spaces 2
Sewer/Septic Sewer Connected
Yard/grounds BBQ Area


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 95032

AVG $4.92M
AVG 42
Year Built
AVG 1959
AVG 84
Data Provided by Walkscore ® not using MLS data

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