21-23 W Main St | Los Gatos, CA 95030
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21-23 W Main St
Los Gatos, CA 95030
Retail Property For Sale
Executive Summary
The Subject Property is a three level mixed-use
building. The Main Street level consists of two
retail spaces and one luxury studio apartment.
The driveway level consists of one luxury studio
apartment and a large garage/man cave and
separate one car garage for the studio apartment.
The lower level has fully finished storage mechanical
room.
The property was originally constructed in the early
1900s and went through a ground up renovation in
2009, including seismic upgrade, full fire sprinklers,
new roof, HVAC, electrical, plumbing, etc.
The property is the first commercial structure on
Main Street, Los Gatos, west of Highway 17.
The adjacent retailers include Los Gatos Roasting
Company, Icing on the Cake and Parkside Cafe.
building. The Main Street level consists of two
retail spaces and one luxury studio apartment.
The driveway level consists of one luxury studio
apartment and a large garage/man cave and
separate one car garage for the studio apartment.
The lower level has fully finished storage mechanical
room.
The property was originally constructed in the early
1900s and went through a ground up renovation in
2009, including seismic upgrade, full fire sprinklers,
new roof, HVAC, electrical, plumbing, etc.
The property is the first commercial structure on
Main Street, Los Gatos, west of Highway 17.
The adjacent retailers include Los Gatos Roasting
Company, Icing on the Cake and Parkside Cafe.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,174 SF
Building Class
C
Year Built
1901
Price
$5,825,000
Price Per SF
$1,835
Cap Rate
4.30%
NOI
$250,475
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.15 AC
Zoning
C2
Frontage
29 FT on West Main Street
PROPERTY TAXES
| Parcel Number | 529-01-018 | Improvements Assessment | $1,522,437 |
| Land Assessment | $891,180 | Total Assessment | $2,413,617 |
PROPERTY TAXES
Parcel Number
529-01-018
Land Assessment
$891,180
Improvements Assessment
$1,522,437
Total Assessment
$2,413,617
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