3-Residence Multifamily
New
For Sale
$2,250,000
19915 Wright Drive, Los Gatos, CA 95033
ResidentialIncome, LosGatos_1, CA
Property Size2,564 SF
Lot Size0.92 Acres
Price / SF$877.54
Days on Market1
Property Features for 19915 Wright Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HS
Rooms
Basement
Parking
2
Parking features
Garage, Open
Interior features
VaultedCeiling
Fireplace
1
Appliances
CooktopGas, Dishwasher, GarbageDisposal, Microwave, OvenRangeBuiltIn, Refrigerator, WasherDryerSomeUnits
Lot features
Grade Varies, Pond On Site
View
Mountains, Forest
Elementary school
LosGatosUnionElementary
Middle school
RaymondJFisherMiddle
High school
LosGatosSaratogaJointUnionHigh
Elementary school district
LosGatosUnionElementary
High school district
LosGatosSaratogaJointUnionHigh
Subdivision
LosGatosMountains
Standard status
Active
APN
558-40-064
Size
2,564 SF
Lot size
0.92 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
28125
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Forced Air, Fireplace(s), Propane (Heating)
Cooling system
Ceiling Fan(s)
Water source
Spring
Building Details
Year built
1920
Floors in Building
1
Flooring type
Carpet, Linoleum
Roof type
Shingle, Composition
Listing Agency:
KW Bay Area Estates · Keller Williams Realty
(408) 560-9000
Listed By:
Scott C. Poncetta · License #01497030
(408) 757-1007
Added: Oct 28
Last Checked: Oct 28 at 10:06PM
MLS# ML82065898
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.
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Investment Insights
Based on property information with market context.
Three residences occupy a 0.92-acre parcel: a five-bedroom main home, an attached in-law unit, and a detached cottage. The property totals 2,564 square feet and includes a two-car garage and an approximately 540-square-foot semi-finished basement. Updates to the main home include new flooring, dual-pane windows, fresh paint, stainless steel appliances, and quartz countertops.
The property is about five minutes from downtown Los Gatos and 100 yards from Lexington Reservoir. Zoning is HS.
The property is about five minutes from downtown Los Gatos and 100 yards from Lexington Reservoir. Zoning is HS.
Key Highlights
- Three residences: a five‑bedroom main home, attached in‑law unit, and detached cottage
- 0.92‑acre parcel with 2,564 square feet of property area
- Approximately 540‑square‑foot semi‑finished basement and a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,997
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,940
$1.3M
Cap Rate 7%
$942,814
$942.8K
Cap Rate 9%
$733,300
$733.3K
Market Conditions
NOI Build-Up for 2,564 SF
Gross rent
$123.1K $48.00/SF
− Vacancy
−$3.1K −$1.20/SF
EGI
$120.0K $46.80/SF
− OpEx
−$54.0K −$21.06/SF
NOI
$66.0K $25.74/SF
Area
Santa Cruz County, CA
Vacancy
2.50%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,940
Cap Rate 7%
$942,814
Cap Rate 9%
$733,300
Alternative Uses
Best Use
Apartment 5plus
$942.8K
$825.0K – $1.10M
NOI $65,997 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.47M
$1.28M – $1.71M
NOI $102,627 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
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Business Placement
Demographics for 95033, CA
9,565
Population
4,305
Households
2.2
Avg Household Size
48
Median Age
70%
College-Educated
99%
High-School Grad
89.4 sq mi
ZIP Area
107
Density / Sq Mi
$183,836
Median Household Income
$87,707
Median Earnings
$2,849
Median Rent
$1,284,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - An attached in-law unit and detached cottage accompany a five-bedroom main home on a 0.92-acre parcel.
Where is this multifamily property located?
The property is located at 19915 Wright Drive Los Gatos, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Three residences: a five‑bedroom main home, attached in‑law unit, and detached cottage; 0.92‑acre parcel with 2,564 square feet of property area; Approximately 540‑square‑foot semi‑finished basement and a two‑car garage
