Home | Santa Clara County | Los Gatos | 95030 | 16 Terrace Ct
MLS: ML82031463 | Status: Sold | Price: $2,499,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 2,123 | 7,830 | 1954 |
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.
| Field | Value |
|---|---|
| MLS # | ML82031463 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Kitchen | Countertop - Solid Surface / Corian, Countertop - Synthetic, Exhaust Fan, Hookups - Gas |
| Appliances | Cooktop - Gas, Dishwasher, Exhaust Fan, Microwave, Oven - Electric, Oven - Self Cleaning, Oven Range, Refrigerator, Washer/Dryer |
| Flooring | Hardwood, Laminate, Tile |
| Cooling | Central Forced Air |
| Heating | Central Forced Air - Gas |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter, Other, Crawl Space, Wood Frame |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, No Garage, On Street, Garage: 0 Car(s) |
| Elementary District | Los Gatos Union Elementary |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | RM512 |
Bill Rippe
Christie's International Real Estate Sereno
License #: 01183077
Phone: (408) 209-0706
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 547 | 1 | 1/0 | $3,000 |
| 2 | 761 | 2 | 1/0 | $3,950 |
| 3 | 761 | 2 | 1/0 | $3,500 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Los Gatos High School | public | 9-12 | 0.17 mi | 10 |
| Louise Van Meter Elementary School | public | K-5 | 0.74 mi | 10 |
| Raymond J. Fisher Middle School | public | 6-8 | 0.92 mi | 9 |
| Blossom Hill Elementary School | public | K-5 | 1.21 mi | 10 |
| Daves Avenue Elementary School | public | K-5 | 1.36 mi | 10 |
| Alta Vista Elementary School | public | K-5 | 2.17 mi | 10 |
| Carlton Elementary School | public | K-5 | 2.36 mi | 9 |
| Union Middle School | public | 6-8 | 2.61 mi | 10 |
| Lexington Elementary School | public | K-5 | 3.01 mi | 8 |
| Lakeside Elementary School | public | K-5 | 3.16 mi | 9 |
| Leigh High School | public | 9-12 | 3.24 mi | 10 |
| Noddin Elementary School | public | K-5 | 3.41 mi | 9 |
| Westmont High School | public | 9-12 | 3.48 mi | 9 |
| Oster Elementary School | public | K-5 | 3.79 mi | 10 |
| Redwood Middle School | public | 6-8 | 3.82 mi | 9 |
| Saratoga Special Services Preschool | public | UG | 3.96 mi | N/A |
| Saratoga Elementary School | public | K-5 | 4.03 mi | 9 |
| Dartmouth Middle School | public | 6-8 | 4.22 mi | 8 |
| Guadalupe Elementary School | public | K-5 | 4.22 mi | 8 |
| Lietz Elementary School | public | K-5 | 4.23 mi | 8 |
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This listing information is up-to-date as of February 07, 2026. For the most current information, please contact Bill Rippe, (408) 209-0706.