209 Milbrae Ln
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209 Milbrae Ln
8 Unit Apartment Building $6,095,121 CAD ($761,890 CAD/Unit) 4.02% Cap Rate Los Gatos, CA 95032
Investment Highlights
- Fully Renovated Turnkey Multifamily Asset
- Exceptional Unit Mix of One-and-Two Bedroom Units
- Walking Distance To Downtown Los Gatos
- Superior Interior Finishes Including Mini AC Split Systems & In-Unit Washer-Dryers
Executive Summary
The Rubio Group of Marcus & Millichap is pleased to present 209 Milbrae Lane, an eight-unit apartment complex, located in Los Gatos, CA. 209 Milbrae Lane is a fully upgraded turnkey investment property in Los Gatos, CA. The asset was constructed in 1958, and fully renovated in 2018. It sits on a 12,062 square foot lot, offering 5,750 square feet of building area. 209 Milbrae Lane offers (6) six one-bed, one-bath units, and (2) two-bed, one-bath units, all of which have been fully upgraded including: LPV flooring, granite counter tops, new cabinets and fixtures in the kitchens and bathrooms, central HVAC and in-unit washer and dryers. In addition to high-end interior renovations, the complex offers tenants private covered parking stalls, individual 8x8 storage spots, and a small private fenced interior courtyard. An investor could not ask for a better location. 209 Milbrae sits within walking distance to the numerous premium retail and restaurant options of down town Los Gatos. Furthermore, tenants living here are within the highly rated and prestigious Los Gatos-Saratoga Union High School District which makes this asset a poplar choice for tenants looking to be within this school district.
Property Facts
| Price | $6,095,121 CAD | Apartment Style | Low Rise |
| Price Per Unit | $761,890 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 4.02% | Building Size | 5,750 SF |
| Gross Rent Multiplier | 16.94 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1958/2018 |
| Property Type | Multifamily | Parking Ratio | 1.39/1,000 SF |
| Property Subtype | Apartment |
| Price | $6,095,121 CAD |
| Price Per Unit | $761,890 CAD |
| Sale Type | Investment |
| Cap Rate | 4.02% |
| Gross Rent Multiplier | 16.94 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 5,750 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2018 |
| Parking Ratio | 1.39/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $3,561 CAD | 600 |
| 2+1 | 2 | $4,536 CAD | 800 |
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Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 529-08-034 | Improvements Assessment | $2,818,872 CAD |
| Land Assessment | $3,699,192 CAD | Total Assessment | $6,518,064 CAD |
PROPERTY TAXES
Parcel Number
529-08-034
Land Assessment
$3,699,192 CAD
Improvements Assessment
$2,818,872 CAD
Total Assessment
$6,518,064 CAD
zoning
| Zoning Code | RM520 |
| RM520 |
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209 Milbrae Ln
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