533 University Ave, Los Gatos, CA, 95032
About This Home
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.
Getting Around
Walker's Paradise
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1898
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Type & Style
- Home type: MultiFamily
- Property subType: Triplex,Residential Income
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
Features
- Door features: None
Heating & Cooling
- Heating features: Other
- Cooling features: None
Interior Area
- Total structure area: 2,572
- Total interior livable area: 2,572 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 52907059
- Zoning: R-1D
- Special condition: Standard
Features
- Stories: 2
- Has view: Yes
- View description: City,Downtown,Hills
Lot
- Lot size: 5,408 sqft
Parking
- Total spaces: 4
- Parking features: Carport,Common,No Garage,On Street
- Covered spaces: 4
- Carport: Yes
- Carport spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Clara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,102 | $121,224 |
| Home Insurance * | $175 | $2,100 |
| Property Taxes | $1,132 | $13,584 |
| Electricity | $551 | $6,618 |
| Total | $11,960 | $143,520 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-26 | Price change | $1,998,000 |
| 2026-05-26 | Listed for sale | $2,398,000 |
For Sale by Agent
View on Zillow