Three Oaks of Los Gatos | 105 Forrest Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Three Oaks of Los Gatos 105 Forrest Ave
28 Unit Apartment Building $13,888,888 ($496,032/Unit) 3.40% Cap Rate Los Gatos, CA 95032
Virtual Tour
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.
Sale Flyer
Property Facts
| Price | $13,888,888 | Apartment Style | Garden |
| Price Per Unit | $496,032 | 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 |
| Price | $13,888,888 |
| Price Per Unit | $496,032 |
| 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 |
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 |
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (82)
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Maple Leaf Donuts | Donuts | $ | 5 min walk |
| Subway | - | - | 6 min walk |
| Starbucks | Cafe | $ | 7 min walk |
| Mountain Mike's Pizza | - | - | 10 min walk |
| Cin-Cin Wine Bar | American | $$ | 12 min walk |
| Saison | - | - | 13 min walk |
| Pressed Juicery | Juices | - | 15 min walk |
Retail |
||
|---|---|---|
| Safeway | Supermarket | 7 min walk |
| PetPeople | Pet Shop/Supplies | 7 min walk |
| The UPS Store | Business/Copy/Postal Services | 9 min walk |
| Walgreens | Drug Store | 12 min walk |
| Guitar Center | Music Instruments | 16 min walk |
| Sephora | Health & Beauty Aids | 18 min walk |
| Anthropologie | Ladies' Apparel | 18 min walk |
| Orangetheory Fitness | Fitness | 19 min walk |
| Lululemon | Unisex Apparel | 20 min walk |
| Apple Store | Consumer Electronics | 20 min walk |
Hotels |
|
|---|---|
| Tapestry Collection by Hilton |
47 rooms
10 min drive
|
| DoubleTree by Hilton |
169 rooms
12 min drive
|
| BW Signature Collection |
58 rooms
12 min drive
|
| Hampton by Hilton |
115 rooms
15 min drive
|
PROPERTY TAXES
| Parcel Number | 529-10-077 | Improvements Assessment | $2,311,698 |
| Land Assessment | $1,037,396 | Total Assessment | $3,349,094 |
PROPERTY TAXES
Parcel Number
529-10-077
Land Assessment
$1,037,396
Improvements Assessment
$2,311,698
Total Assessment
$3,349,094
zoning
| Zoning Code | R-M : 5-12, Los Gatos (Multi-family) |
| R-M : 5-12, Los Gatos (Multi-family) |
Sale Advisor
Sale Advisor
Dominic Gluhaich, Listing Broker
(408) 710-4538
Contact
Dominic is a licensed Realtor with a demonstrated history of working within various sectors of the real estate industry. He strives to help his clients achieve their real estate goals, whether it is finding their dream home, investing in residential/commercial income property, or just learning more about the real estate industry in general. Dominic has also invested and worked on various fix-and-flip projects around the Bay Area with his established team of contractors.
Dominic looks forward to collaborating with you in the future and finding you a property that can set you up for success. It is his promise to provide his clients with the highest quality of service and insight into today's real estate market.
Dominic looks forward to collaborating with you in the future and finding you a property that can set you up for success. It is his promise to provide his clients with the highest quality of service and insight into today's real estate market.
1 of 43
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Three Oaks of Los Gatos | 105 Forrest Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.