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Three Oaks of Los Gatos 105 Forrest Ave 28 Unit Apartment Building $18,995,832 CAD ($678,423 CAD/Unit) 3.40% Cap Rate Los Gatos, CA 95032
Investment Highlights
- For the first time on the market in 30 years, Three Oaks of Los Gatos is an opportunity to purchase a stunning 28-unit apartment complex.
- Over $200,000 in improvements within the past 12 months upgraded the façade, modernized the apartments, and updated the beautiful landscaping.
- Community amenities include a refreshing pool, covered parking, bike storage, courtyard areas, laundry facilities, and balconies and patios.
- Walkable to Downtown Los Gatos, with exceptional restaurants, year-round special events, and a variety of boutiques and national retailers.
Executive Summary
Compass is pleased to offer this beautiful 28-unit apartment building, perfectly situated within walking distance of the vibrant heart of Downtown Los Gatos. This prime location provides the perfect blend of convenience and tranquility, allowing easy access to shops, restaurants, parks, and entertainment.
Spanning 26,241 square feet, this thoughtfully designed community sits on a generous 35,424-square-foot lot and features a variety of floor plans to suit diverse needs. The building comprises 12 spacious two-bedroom, one-bath units, ideal for small families or roommates. Plus, two comfortable two-bedroom, 1.5-bath units offer more space and convenience. In addition to 10 cozy one-bedroom, one-bath units are perfect for singles or couples seeking a comfortable living space. Finally, four generous three-bedroom, two-bath units accommodate larger families or those desiring extra room.
Residents can also enjoy a refreshing pool, perfect for relaxation and recreation. Each unit is crafted with modern amenities and finishes, ensuring a comfortable and stylish living experience. Discover a new home in this charming Los Gatos community, where convenience meets comfort, all within a short stroll to downtown.
Spanning 26,241 square feet, this thoughtfully designed community sits on a generous 35,424-square-foot lot and features a variety of floor plans to suit diverse needs. The building comprises 12 spacious two-bedroom, one-bath units, ideal for small families or roommates. Plus, two comfortable two-bedroom, 1.5-bath units offer more space and convenience. In addition to 10 cozy one-bedroom, one-bath units are perfect for singles or couples seeking a comfortable living space. Finally, four generous three-bedroom, two-bath units accommodate larger families or those desiring extra room.
Residents can also enjoy a refreshing pool, perfect for relaxation and recreation. Each unit is crafted with modern amenities and finishes, ensuring a comfortable and stylish living experience. Discover a new home in this charming Los Gatos community, where convenience meets comfort, all within a short stroll to downtown.
Property Facts
| Price | $18,995,832 CAD | Apartment Style | Garden |
| Price Per Unit | $678,423 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.81 AC |
| Cap Rate | 3.40% | Building Size | 25,544 SF |
| Gross Rent Multiplier | 19.14 | Average Occupancy | 96% |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Zoning | R-M : 5-12, Los Gatos - Multi-family | ||
| Price | $18,995,832 CAD |
| Price Per Unit | $678,423 CAD |
| Sale Type | Investment |
| Cap Rate | 3.40% |
| Gross Rent Multiplier | 19.14 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 25,544 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | R-M : 5-12, Los Gatos - Multi-family |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 654 |
| 2+1 | 12 | - | 823 |
| 2+1.5 | 2 | - | 924 |
| 3+2 | 4 | - | 1,045 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 529-10-077 | Improvements Assessment | $3,289,440 CAD |
| Land Assessment | $1,476,165 CAD | Total Assessment | $4,765,606 CAD |
Property Taxes
Parcel Number
529-10-077
Land Assessment
$1,476,165 CAD
Improvements Assessment
$3,289,440 CAD
Total Assessment
$4,765,606 CAD
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Presented by
Sterling Ventures
Three Oaks of Los Gatos | 105 Forrest Ave
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