16 Terrace Court Los Gatos, CA ^$ 2,499,000

16 Terrace Court

^$ 2,499,000

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Recently Listed

16 Terrace Court

Los Gatos, CA, 95030

^$ 2,499,000

Studio Baths0.0 Sq 2,123

Monthly Estimate*

^$ 15,387

Listed by Christie's International Real Estate Sereno

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Studio

Multi-Family Home for sale in Los Gatos, CA

for $2,499,000. This 2,123 square foot home was built in 1954 on a lot size of 0.1798.

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.

Multi-Family Active

Price

^$ 2,499,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 20,767

Style

Lot Size

0.1798

Year Built

1954

Town/City

Los Gatos

County/Region

Santa Clara

MLS | Web ID

ML82031463

Days on Market

Features

General

Living Area 2123

Sewer Public Sewer

Cooling Central Air

Possession Close Of Escrow

Roof Composition

Appliances Dishwasher Electric Oven Gas Cooktop Microwave Refrigerator Self Cleaning Oven Vented Exhaust Fan

Zoning RM512

Garage Spaces 0

Year Built 1954

View Park/Greenbelt

Property Subtype Triplex

Accessibility Parking

County Santa Clara

Insurance Expense 3000

Property Type Residential Income

HOA false

MaintenanceExpense 2289

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions We are across the street from the 7-11 on East Main by the high school. When turning onto Pleasant it is the very first right we are the first building on the right. Parking is tight you may have to park against the fence opposite of the structure Cross Street: Pleasant / East Main

City Los Gatos

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 7830

Carport Spaces 0

Tax Annual Amount 20767

Middle/Junior High School Raymond J. Fisher

Trash Expense 1200

Virtual Tour https://beyondre.marketing/16-Terrace-Court/idx https://beyondre.marketing/16-Terrace-Court

Standard Status Active

Year Built Source Other

Property Sub Type Additional Triplex

Cap Rate 3.05

Interior

Flooring Laminate Tile Wood

Total Stories 1

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Parking Features Uncovered

Lot Features Paved

Water Source Public

Total Parking 3

Lot Size Area 7830

Foundation Details Concrete Perimeter

Number of Buildings 1

Building Area Total 2123

Lot Size Acres 0.1798

Lot Size Source Other

* Excluded Features

List By

Christie's International Real Estate Sereno

Broker

billrippe@sereno.com

Affordability Calculator

$17,117

Per Month

Monthly Principal & Interest: $15,387
Monthly Property Taxes: $1,731
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Gatos, CA

Average List Price ^$3,074,500

Percent of Sale Price 23%

About Los Gatos, CA

30,551 Population

8% Since 2002

^$137,676 Median Income

47.03 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

0 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/16/2026	$2,499,000		Listed Price

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16 Terrace Court, Los Gatos, CA, 95030 is a Multi-Family Home for sale at $2,499,000 with 2,123 sqft and a lot size of 0.1798. 16 Terrace Court is a studio with 0.0 baths and was built in 1954. The property's zip code is 95030 which is in Los Gatos, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 1/18/2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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16 Terrace Court

Multi-Family Home for sale in Los Gatos, CA

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