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California>Santa Clara County>North Santa Cruz

533 University AvenueLos Gatos, CA 95032

For Sale

$2,398,000

Smart Buyer Rebate $23,980

Charming Triplex in the Heart of Downtown Los Gatos. Quintessential lifestyle with a rare investment opportunity. Moments from the vibrant energy of downtown, this property provides the ultimate close-to-everything convenience that defines the magic of this community. Prime investment with timeless character. Fantastic addition to any portfolio offering versatile rental potential in a high-demand market. Living here means the best of Los Gatos and Silicon Valley are right in your backyard with world-class dining, boutique shopping, and community events just a short stroll away. Residents can walk to local favorites and Michelin-rated dining options. Enjoy an outdoor lifestyle with proximity to Oak Meadow Park, the Los Gatos Creek Trail, the Santa Cruz Mountains and the Santa Cruz all nearby. Close to everything you will need, it also offers effortless access to Hwy 17 and 85 for easy transit around Silicon Valley. In addition to its central location, the property is situated within the prestigious Los Gatos Union Elementary School District including Daves Avenue Elementary, Fisher Middle, and Los Gatos High, making it a consistently desirable location for tenants and owners alike. Do not miss your chance to own a piece of the local legacy in a location that truly has it all.

Listed by Brian Bernasconi

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License #01363508

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Christie's International Real Estate Sereno

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408-979-1400

Last updated May 26, 2026

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Source: MLSListings #ML82047345

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorth Santa Cruz
  • Days on Prevu22
  • Taxes$3,100/year
  • Size2,572 sqft
  • Price per sqft$932

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

05/26/2026
Listed by Christie's International Real Estate Sereno
$2,398,000

Property Details for 533 University Avenue

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Composition, Shingle
  • Stories: 2
  • Year Built: 1898
  • Year Built Details: 2

Features

  • View: City, Downtown, Hills

Measurements

  • Building Area Total: 2,572
  • Lot Size Area: 5,408
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,408
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 1.94
  • Gross Income: $96,496.00
  • Operating Expense Includes: Gardener, Maintenance, Trash, Water/Sewer

Taxes

  • Parcel Number: 529-07-059
  • Tax Annual Amount: $3,100.00

Interior

Measurements

  • Living Area: 2,572

Parking

Parking

  • Carport Spaces: 4
  • Carport: Yes
  • Parking Features: Carport, Common Parking Area, No Garage, On Street

Schools

Elementary School

  • Elementary School: Daves Avenue Elementary
  • Elementary School District: Los Gatos Union Elementary

High School

  • High School: Los Gatos High
  • High School District: Los Gatos-Saratoga Joint Union High

Middle or Junior School

  • Middle Or Junior School: Raymond J. Fisher Middle

Utilities

Equipment

  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 533 University Avenue.

What schools are nearby to 533 University Avenue?

Nearby schools include the Daves Avenue Elementary, Raymond J. Fisher Middle, and Los Gatos High.

What are the annual taxes for 533 University Avenue?

Annual taxes for this multi-family home are estimated at $3,100.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,572 sqft.

533 University Avenue is a -bedroom multi-family home for sale in Los Gatos CA 95032. On Prevu for 22 days at $2,398,000. This residence features 2,572 square feet of living space, located in North Santa Cruz. The median listing price for multi-family homes in this area is $4,988,000. Nearby schools include Daves Avenue Elementary, Raymond J. Fisher Middle, and Los Gatos High. Additional amenities include pets allowed and parking. View other multi-family home listings in Santa Clara County.

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.