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24-Unit Apartment Complex
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222 Milbrae Ln, Los Gatos, CA 95030

Built in the 1960s, the property offers a 16/8 mix of two-bedroom and one-bedroom units.

Property Size17,296 SF
Lot Size0.77 Acres
Days on Market126

Property Features for 222 Milbrae Ln

General Information

Standard status Active
Size 17,296 SF
Lot size 0.77 Acres
Property subtype Multifamily

Additional Details

Business Included Yes
Highway Access Yes
Multifamily Units 24
Listing Agency: Marcus & Millichap - Palo Alto
Listed By: Yuri Sergunin, CCIM · License #01908322
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 4:08AM

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 Marcus & Millichap - Palo Alto

Investment Insights

Based on property information with market context.

This 24-unit multifamily apartment complex was constructed in the 1960s and totals 17,296 square feet on a 33,541 square foot lot. The unit mix includes sixteen two-bedroom/one-bath units and eight one-bedroom/one-bath units, providing a balanced residential configuration for rental housing.

The property is located in Los Gatos and is less than a mile from downtown Los Gatos. It also offers easy access to Highway 85 for commutes throughout Silicon Valley.

For prospective buyers, the combination of the established building size and the stated unit mix supports a straightforward income-producing residential offering within an established area of demand.

Key Highlights

  • 24‑unit multifamily apartment complex at 222 Milbrae Lane in Los Gatos, built in the 1960s
  • 17,296 SF building on a 33,541 SF lot
  • Unit mix includes sixteen 2‑bedroom/1‑bath units and eight 1‑bedroom/1‑bath units

Property Analytics

Current Use

- Creative US Restoration General Contractor TVK Group Real Estate Agency Arch Bay Area General Contractor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Catering Service Grocery & Convenience Store Mobile Phone Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,862
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in the 1960s, the property offers a 16/8 mix of two-bedroom and one-bedroom units.
Where is this apartment building located?
The property is located at 222 Milbrae Ln Los Gatos, CA.
What are key features of this property?
This property features: 24‑unit multifamily apartment complex at 222 Milbrae Lane in Los Gatos, built in the 1960s; 17,296 SF building on a 33,541 SF lot; Unit mix includes sixteen 2‑bedroom/1‑bath units and eight 1‑bedroom/1‑bath units
(650) 391-1807 Call to check price and availability
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