Property Overview:
48 Park Ave is a multi-family property (duplex) in downtown Los Gatos, CA, built in 1958. The property features two separate homes on one lot:
- Front house: 2 bedrooms, 1 bathroom, 2-car attached garage, fenced yard with deck.
- Back house: 1 bedroom, 1 bathroom, large private deck, fenced yard, mountain views.
- Total living space: 1,430 sq. ft. on a 0.13-acre lot.
- Estimated value: $1,587,000 (listed for $2,300,000).
- Both units have central air conditioning, laundry rooms, and updated kitchens/bathrooms.
Neighborhood Highlights:
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Population:
- Community of 11,686 residents (23% growth since 2000).
- 65% families with children.
- Largest age group: 45-54 years (20.33%); second largest: 35-44 years (12.38%).
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Crime Rate:
- Personal crime risk: 1.7% (much lower than state average of 11.8%).
- Property crime risk: 2.8% (lower than state average of 10.8%).
- Neighborhood is considered very safe.
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Schools:
- Nearby schools: Los Gatos High, Louise Van Meter Elementary, Raymond J. Fisher Middle.
- Average SAT score: 1174 (higher than state average of 975).
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Job Market:
- 78.2% white-collar jobs, 21.9% blue-collar jobs.
- Unemployment rate: 2.0% (lower than state average of 4.7%).
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Cost of Living:
- Median household income: $176,747.
- Average annual spending: $102,879.
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 41.3°F (January), 77.5°F (July).
- Average rainfall: 28.5 inches/year.
- Average snowfall: 0.1 inches/year.
Property Features:
- Two separate homes on one lot (duplex configuration).
- Front unit:
- 2 bedrooms, 1 bathroom (with tub).
- Eat-in kitchen nook, new windows, new carpet.
- 2-car attached garage with laundry hookups.
- Fenced yard and deck.
- Back unit:
- 1 bedroom, 1 bathroom (with tub).
- Open kitchen, private deck with mountain view.
- Laundry area.
- Both units:
- Central air conditioning.
- Beautiful kitchens and bathrooms.
- Separate laundry rooms.
- Outdoor space:
- Large decks for entertaining.
- Fenced yards for privacy.
Location Benefits:
- Prime downtown Los Gatos location:
- 2-minute walk to restaurants (Zona Rosa, Los Gatos Coffee Roasting Company), shops, and Old Town area.
- Close to hiking trails and all downtown amenities.
- Walkable to everything in town.
- Flexible living options:
- Live in one unit and rent the other to offset your mortgage.
- Ideal for multi-generational living or investment.
- Commuter-friendly:
- Easy access to major roads and public transportation.