Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

132 Broadway Los Gatos, CA 95030

3 Beds 3 Baths 1,948 sqft Built 1976

INVESTimate

$1,950,000

List Price

$5,580

$5,330 - $5,830

Rent Est.

$2,113,215  ( +8.37%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1976
  • Price/Sqft : $1,001.03
  • 70 Days on Market
  • MLS # : ML81797339
  • Updated Date : 08/21/2020 at 14:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,948 sqft
  • Baths : 2 full , 1 half
Listing Agent

Eq1

Listing Agent's Description

Price Reduced $200k! One the Best Values near Downtown LG! Picturesque Los Gatos setting nestled in oak studded landscaping. Approximately 5 minutes to Downtown and the Town Plaza Park. Property features culdesac lot in Broadway Historic District. The living and dining rooms are warm and inviting, while the kitchen is spacious and features an island that opens into a cozy family room complete with a wood-burning fireplace and expansive deck overlooking creek perfect for entertaining amongst an oasis of nature. The master suite offers a walk-in closet, office nook, and a full bath with dual sinks, custom tile, shower & tub. Recent upgrades include new interior paint, new carpets in bedrooms, updated LED lighting, and crown molding. Other features of the home include in-door laundry room, finished garage that could be used for a yoga studio, gym, art studio or anything your heart desires! Award Winning Los Gatos Schools!

SEE MORE

MARKET HIGHLIGHTS

  • San Jose metro employment growth has been at 2.2% in 2018 and predicted to grow at 1.9% in 2019 (USMayors.org, 2018)
  • San Jose metro contributes to 9% of California state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Palo Alto, Redwood City, Mountain View and San Mateo together attracted around $11 billion in venture capital funding in 2019 making Silicon Valley still attractive to technology investments (Crunchbase News, 2020)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • San Jose metro's economy has been worth $282.2 billion in Gross Metro Product (GMP) in 2018 and is projected to grow to $298.6 billion in 2019. GMP measures the productivity of the metro. (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Broadway Historic District

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $411k2367k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Broadway Historic District

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200025003000350040004500500055006000Rent in $19076004

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Daves Avenue Elementary School Primary Regular 580 23 10
Raymond J. Fisher Middle School Middle Regular 1,246 56 10
Los Gatos High School High Regular 1,912 86 10

Daves Avenue Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 23
10
GreatSchools Rating

Raymond J. Fisher Middle School

  • Education Level: Middle
  • # of students: 1,246
  • # of teachers: 56
10
GreatSchools Rating

Los Gatos High School

  • Education Level: High
  • # of students: 1,912
  • # of teachers: 86
10
GreatSchools Rating
 

$1,755,000$2,145,000$1,950,000

PURCHASE PRICE

$5,022$6,138$5,580

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,580
EXPENSES Loan Payment -$7,195
Property Tax -$2,046
Property Insurance -$74
Property Management Fees -$218
CASH FLOW
-$3,953

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,950,000

PROJECTED PRICE

$5,580

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.37%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$522,500

INVESTMENT

$522,500

Down Payment
$487,500
Rehab Estimate
$5,750
Closing Costs
$29,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$7,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $487,500
Loan Amount $1,462,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$39

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $6,584

    COMP ESTIMATED VALUE
  • $3.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7,500
$7,500
RENT COMPS ANALYSIS
  • 132 Broadway Los Gatos, 1
    • 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 119 University Ave Los Gatos, 2
    • 3 beds 3 baths ∙ 2,219 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,219 Sqft ∙ Built 1987
    LEASED 01/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,500
    • $3.38
    •  
PROPERTY LISTING DETAILS
Michael Bui
Eq1
BESbswy