Duplex with Two
New
For Sale
$1,898,000
681 Vasona CT, Los Gatos, CA 95032
Residential Income (2-4 units), LOS GATOS, CA
Property Size2,416 SF
Lot Size0.23 Acres
Price / SF$785.60
Days on Market7
Property Features for 681 Vasona CT
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
6
Rooms
Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 2
Parking features
Garage - Attached
Appliances
Dishwasher
Subdivision
Los Gatos/Monte Sereno
Standard status
Active
Size
2,416 SF
Lot size
0.23 Acres
Taxes and HOA fees
HOA Fee
$700 Monthly
Utilities
Heating system
Natural Gas, Central, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
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 5
Last Checked: Oct 7 at 6:06AM
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.
Investment Insights
Based on property information with market context.
This Los Gatos duplex contains two residences within 2,416 square feet: one with three bedrooms and two bathrooms, and another with three bedrooms and one and a half bathrooms. The 0.2268-acre property was built in 1967 and has PD zoning. Features include an attached garage, laminate flooring, a dishwasher, central air conditioning, and forced-air central natural gas heat.
Vasona Lake County Park and the Los Gatos Creek Trail are within walking distance. Downtown Los Gatos shops and restaurants are minutes away, and Highways 17 and 85 provide access toward Silicon Valley.
Vasona Lake County Park and the Los Gatos Creek Trail are within walking distance. Downtown Los Gatos shops and restaurants are minutes away, and Highways 17 and 85 provide access toward Silicon Valley.
Key Highlights
- Two residences: one with 3 bedrooms and 2 bathrooms; the other with 3 bedrooms and 1.5 bathrooms
- 2,416 square feet on a 0.2268‑acre lot
- PD zoning; built in 1967
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.
Property Analytics
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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer separate living arrangements, with parks, a creek trail, and downtown Los Gatos nearby.
Where is this duplex located?
The property is located at 681 Vasona CT 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 residences: one with 3 bedrooms and 2 bathrooms; the other with 3 bedrooms and 1.5 bathrooms; 2,416 square feet on a 0.2268‑acre lot; PD zoning; built in 1967
