Downtown Duplex with Detached
New
For Sale
$1,788,000
104 Edelen Avenue, Los Gatos, CA 95030
Flexible two-residence layout with private entrances, a detached bonus unit, and three private parking spaces.
Property Size2,100 SF
Lot Size0.15 Acres
Price / SF$851.43
Days on Market7
Property Features for 104 Edelen Avenue
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
3
Lot size
0.15 Acres
Property subtype
Multi Family
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1910
Construction
English-style
Listing Agency:
Coldwell Banker Realty
(408) 309-9999
Listed By:
Julie Charron · License #01265151
(408) 309-9999
Source:
Exitrealty
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 10 at 3:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1910 English-style cottage is configured as a duplex with approximately 2,100 sq. ft. of living area, subject to buyer verification. The front residence includes one bedroom, one bathroom, a living room, separate family room or office, kitchen, entry, and large picture windows. A private entrance serves the rear residence, which offers two bedrooms, one bathroom, a living room with fireplace, kitchen, dining area, laundry, and bonus room. A detached third-bedroom, office, or granny unit with its own bathroom adds further flexibility.
The property occupies a 6,600 sq. ft. lot with mature landscaping and three private parking spaces. It is located in Downtown Los Gatos near Old Town shops, restaurants, and entertainment, with historic homes surrounding the setting. The configuration supports rental income or multigenerational living, while the existing layout provides options for renovation or future planning.
The property occupies a 6,600 sq. ft. lot with mature landscaping and three private parking spaces. It is located in Downtown Los Gatos near Old Town shops, restaurants, and entertainment, with historic homes surrounding the setting. The configuration supports rental income or multigenerational living, while the existing layout provides options for renovation or future planning.
Key Highlights
- Duplex configuration with approximately 2,100 sq. ft. of living area, buyer to verify
- 4 bedrooms and 3 bathrooms across the main residences and detached unit
- 6,600 sq. ft. lot with mature landscaping
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,549
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,170,980
$1.2M
Cap Rate 7%
$836,414
$836.4K
Cap Rate 9%
$650,544
$650.5K
Market Conditions
NOI Build-Up for 2,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$85.7K $40.80/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$83.6K $39.83/SF
− OpEx
−$25.1K −$11.95/SF
NOI
$58.5K $27.88/SF
Area
Santa Cruz County, CA
Vacancy
2.38%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,170,980
Cap Rate 7%
$836,414
Cap Rate 9%
$650,544
Alternative Uses
Best Use
Multifamily LT 5
$836.4K
$731.9K – $975.8K
NOI $58,549 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$772.2K
$675.7K – $900.9K
NOI $54,054 @ 7.0% cap · market cap 3.02%
Theoretical Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,055 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,486
Businesses Nearby
Explore this area
Business Placement
Demographics for 95030, CA
13,585
Population
5,817
Households
2.3
Avg Household Size
49
Median Age
80%
College-Educated
99%
High-School Grad
10.5 sq mi
ZIP Area
1,294
Density / Sq Mi
$250,001
Median Household Income
$146,583
Median Earnings
$2,858
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Flexible two-residence layout with private entrances, a detached bonus unit, and three private parking spaces.
Where is this duplex located?
The property is located at 104 Edelen Avenue Los Gatos, CA.
What is the asking price?
The asking price for this property is $1,788,000.
What are key features of this property?
This property features: Duplex configuration with approximately 2,100 sq. ft. of living area, buyer to verify; 4 bedrooms and 3 bathrooms across the main residences and detached unit; 6,600 sq. ft. lot with mature landscaping
