Duplex with Two Three-Bedroom
For Sale
$1,898,000
681 Vasona Court, Los Gatos, CA 95032
ResidentialIncome, LosGatos_1, CA
Property Size2,416 SF
Lot Size0.23 Acres
Price / SF$785.60
Days on Market22
Property Features for 681 Vasona Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Parking features
Garage
Appliances
Dishwasher, WasherDryer
Elementary school
CampbellUnionElementary
High school
CampbellUnionHigh
Elementary school district
CampbellUnionElementary
High school district
CampbellUnionHigh
Subdivision
LosGatosMonteSereno
Standard status
Active
APN
406-31-015
Size
2,416 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
0
HOA Fee
$700 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Composition
Listing Agency:
Intero Real Estate Services
(408) 574-5000
Listed By:
Mark Dunne · License #02211994
(408) 759-1441
Added: Oct 1
Changed: Oct 21
Last Checked: Oct 22 at 4:06AM
MLS# ML82063303
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.
This Los Gatos duplex contains two three-bedroom residences: one with two bathrooms and the other with one and a half. The 2,416-square-foot property was built in 1967 and sits on a 0.2268-acre lot. Both public water and sewer serve the site. Interior features include laminate flooring, central air, forced-air natural gas heating, a dishwasher, and a washer-dryer. A garage provides on-site parking.
The property is a short walk from Vasona Lake County Park and the Los Gatos Creek Trail. Downtown Los Gatos shops and restaurants are minutes away, with access to Highways 17 and 85 for travel toward Silicon Valley.
The property is a short walk from Vasona Lake County Park and the Los Gatos Creek Trail. Downtown Los Gatos shops and restaurants are minutes away, with access to Highways 17 and 85 for travel toward Silicon Valley.
Key Highlights
- Two three‑bedroom residences: one with 2 baths and one with 1.5 baths
- 2,416 square feet on a 0.2268‑acre lot
- PD zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,858
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,160
$1.1M
Cap Rate 7%
$769,400
$769.4K
Cap Rate 9%
$598,422
$598.4K
Market Conditions
NOI Build-Up for 2,416 SF
Gross rent
$81.2K $33.60/SF
− Vacancy
−$4.2K −$1.75/SF
EGI
$76.9K $31.85/SF
− OpEx
−$23.1K −$9.55/SF
NOI
$53.9K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,160
Cap Rate 7%
$769,400
Cap Rate 9%
$598,422
Alternative Uses
Best Use
Multifamily LT 5
$769.4K
$673.2K – $897.6K
NOI $53,858 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$656.0K
$574.0K – $765.4K
NOI $45,923 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,100 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 95032, CA
28,109
Population
11,146
Households
2.5
Avg Household Size
45
Median Age
76%
College-Educated
98%
High-School Grad
18.7 sq mi
ZIP Area
1,503
Density / Sq Mi
$195,188
Median Household Income
$128,689
Median Earnings
$3,123
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - PD-zoned property offers separate homes with distinct bathroom configurations and a shared garage.
Where is this duplex located?
The property is located at 681 Vasona Court Los Gatos, CA.
What is the asking price?
The asking price for this property is $1,898,000.
What are key features of this property?
This property features: Two three‑bedroom residences: one with 2 baths and one with 1.5 baths; 2,416 square feet on a 0.2268‑acre lot; PD zoning
