16 Terrace CT, Los Gatos, CA 95030
- $2,499,000
- 5
- BD
- 2,123
- SqFt
Listed by Bill Rippe, 408-209-0706 from Christie's International Real Estate Sereno
(If provided) CoList: from
Sold listing courtesy of Lexie Smith from NTERO
- Sold Price
- $2,499,000
- List Price
- $2,499,000
- Closing Date
- Feb 05, 2026
- MLS#
- ML82031463
- Status
- SOLD
- Zoning
- RM512
- Sqft. of Residence
- 2,123
- Lot Size
- 7,830
- Listing Area
- Los Gatos/Monte Sereno
Property Description
Well-maintained and fully updated triplex offering strong income with low operating expenses. The property features two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all in excellent condition with nothing needed. Each unit offers larger kitchens, generously sized bedrooms and bathrooms, in-unit washer/dryers, private porches, and outdoor areas ideal for planting or personal use. Centrally located near the high school off of East Main then Pleasant Street, providing excellent walkability to town and trails and consistent tenant demand. Solid rental history with good rents, very low expenses, and reliable long-term tenants in place with newly extended leases. Turnkey investment with stable cash flow, would be easily filled if vacated due to location and unit quality. Expenses provided are estimates for 12 months.
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Additional Information
- Acres
- 0.18
- Age
- 72
- Cooling System
- Central AC
- Energy Features
- Ceiling Insulation, Double Pane Windows, Low Flow Shower, Low Flow Toilet
- Floor Covering
- Hardwood, Laminate, Tile
- Foundation
- Concrete Perimeter, Crawl Space, Post and Beam, Wood Frame
- Garage Parking
- Assigned Spaces, No Garage, On Street, Uncovered Parking
- Heating System
- Central Forced Air - Gas
- Laundry Facilities
- Washer / Dryer
- Living Area
- 2,123
- Lot Description
- Grade - Gently Sloped, Grade - Sloped Up, Paved
- Lot Size
- 7,830
- Neighborhood
- Los Gatos/Monte Sereno
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- View
- Garden / Greenbelt
- Zoning
- RM512
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