Triplex with ADU Potential

533 University AVE Los Gatos, CA 95032

Claim this Listing
For Sale
$1,998,000

MULTI_FAMILY - LOS GATOS, CA

Property size:
2,572 SF
Lot size:
0.12 Acres
Price / SF:
$776/SF
Added:
Jun 29, 2026
Days on Market:
14
Last Refresh:
Jul 12 at 2:06 am

Property Features for 533 University AVE

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1D
Bedrooms
5
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2
Parking features
Carport, On Street
Standard status
Active
Size
2,572 SF
Lot size
0.12 Acres

Utilities

Water source
Public

Building Details

Year built
1898
Number of units
3
Roof type
Shingle, Composition

Listing agent Brian Bernasconi License #01363508

Listing office Christie's International Real Estate Sereno 214 Los Gatos Saratoga Rd., Los Gatos, CA

Listing date Jun 29, 2026

MLS# ML82047345 Listing URL

Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This offering is a triplex property with a total size of 2,572 square feet on a 0.1242-acre lot. The seller’s remarks note a potential addition of an 800-square-foot 4th unit in the form of an ADU above the existing garage/carport, to be considered by the Town of Los Gatos per Section 29.10.320 of the Los Gatos Code of Ordinances.

Located at 533 University Ave in Los Gatos, the property is described as being in the heart of downtown, with proximity to local parks and recreation referenced in the remarks, including Oak Meadow Park and the Los Gatos Creek Trail. The remarks also cite access to Highways 17 and 85, and placement within the Los Gatos Union Elementary School District.

For tenants or investors seeking a small, income-oriented multifamily setup, a triplex offers a compact operating profile, with the additional ADU consideration potentially supporting future flexibility depending on approvals. Zoning is listed as R-1D, and any prospective buyer should review the ordinance language and process for the proposed ADU addition, as well as confirm final feasibility and permitting requirements.

Key Highlights

  • Triplex built in 1898 in downtown Los Gatos
  • Parking includes on‑street parking, carport, and a garage
  • Public water service

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

(Bike/Boat/Book/etc) Store Catering Service Furniture & Home Goods Grocery & Convenience Store Mobile Phone Store Garden Center Barber Shop Pet Grooming Service Adult Day Care Farmer's Market

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three-unit triplex in Los Gatos, with consideration for an ADU addition above a garage/carport.
Where is this triplex located?
The property is located at 533 University AVE Los Gatos, CA.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Triplex built in 1898 in downtown Los Gatos; Parking includes on‑street parking, carport, and a garage; Public water service
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