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533 University Avenue, Los Gatos CA 95032
533 University Avenue, Los Gatos CA 95032
California>Santa Clara County>North Santa Cruz

533 University AvenueLos Gatos, CA 95032

For Sale

$1,998,000

Smart Buyer Rebate $19,980

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. PER Sec. 29.10.320 OF LOS GATOS CODE OF ORDINANCES, THE TOWN OF LOS GATOS WILL CONSIDER THE ADDITION OF AN 800 SQ. FT. 4TH UNIT IN THE FORM OF AN ADU ABOVE THE GARAGE/CARPORT. 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. The property is situated within the prestigious Los Gatos Union Elementary School District. 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 June 29, 2026

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Source: MLSListings #ML82047345

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorth Santa Cruz
  • Days on Prevu67
  • Taxes$3,100/year
  • Size2,572 sqft
  • Price per sqft$777

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

06/26/2026
Price Decreased
$1,998,000
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: 2.33
  • 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.

How does 533 University Avenue compare to other multi-family homes in North Santa Cruz?

This multi-family home is listed 0% below the average price for multi-family homes in North Santa Cruz and has been on the market for 241 less days than the typical home in this area.

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. Available on Prevu for 67 days at $1,998,000. This includes a recent price decrease of $400,000. 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 $3,778,000. Nearby schools include Daves Avenue Elementary, Raymond J. Fisher Middle, and Los Gatos High. The home offers pets allowed and parking. Browse more multi-family home listings in Santa Clara County.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 06/29/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

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.