215 Avery Ln - Apartments FOR SALE


Los Gatos, CA 95032- West Los Gatos
$3,700,000 USD
408-893-8063
215 Avery Ln, Los Gatos, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/10
null | 3.16% Cap Rate

215 Avery Ln
Los Gatos, CA 95032
West Los Gatos


HIGHLIGHTS

  • + 75% of floorplans are spacious two bedroom units
  • + In-place rents are ~18% below market rents offering investors phenomenal upside
  • + One out of eight units will be delivered vacant at close of escrow

OVERVIEW

TOURING SCHEDULE 1. Thursday, 6/12/25, 11:30am-12:30pm 2. Thursday, 6/19/25, 11:30am-12:30pm CBRE, as exclusive advisor, is pleased to present the opportunity to acquire 215 Avery Lane (the Property), an 8-unit apartment community in the highly sought after Silicon Valley suburb of Los Gatos, California. The Property was built in 1959 and includes (2) one-bedrooms, and (6) spacious two-bedroom, one-bathroom units. The Property also features (8) tuck-under parking spaces with storage cabinets, a common-area laundry room, and ample street parking. The Property is 87% occupied and will be delivered with (1) vacant twobedroom unit at the close of escrow allowing an investor immediate upside through renovations. Additionally, all of the electrical subpanels were just upgraded by ownership for insurance purposes. Overall, this Property offers investors the rare opportunity to purchase a quality multifamily investment property in one of the most sought after locations in the Bay Area. Please contact the CBRE Listing Team for additional information or to schedule a property tour.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$706 USD /SF

# OF UNITS

8

PRICE/UNIT

$462,500

CAP RATE

3.16%

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

11,988 SF

ZONING

RM520

APN/PARCEL ID

529-08-046

ASK ABOUT THIS PROPERTY

Adam FoleyCBREMore Info
408-893-8063

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Adam FoleyCBREMore Info
408-893-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.