Property Overview:
75 Fairview Plz is a multi-family home in Los Gatos, CA, built in 1900. It offers 5 units (1 1bd/1ba and 4 studios) with a total of 4,000 sq. ft. of living space. Features include a parking garage, fireplace, cooling system, and a large basement for storage.
Neighborhood Highlights:
-
Crime Rate:
- Personal crime risk: 1.7% (much lower than state average of 11.8%).
- Property crime risk: 2.8% (much lower than state average of 10.8%).
-
Schools:
Nearby schools: Los Gatos High, Daves Avenue Elementary, Raymond J. Fisher Middle.- Average SAT score: 1174 (596 Math, 578 English)—well above state average of 975.
-
Job Market:
- 78.2% white-collar jobs, 21.9% blue-collar jobs.
- Unemployment rate: 2.0% (lower than state average of 4.7%).
-
Demographics:
- Community population: 11,686 (23% growth since 2000).
- 65% families with children.
- Largest age group: 45-54 years (20.33%); second largest: 35-44 years (12.38%).
-
Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
-
Weather:
- Average temperature: 41.3°F (January), 77.5°F (July).
- Average rainfall: 28.5 inches/year.
- Average snowfall: 0.1 inches/year.
-
Cost of Living:
- Median household income: $176,747.
- Average annual spending: $102,879.
Property Features:
- 5 fully occupied units: 1 1bd/1ba, 4 studios.
- Charming front porch and common patio area for relaxation.
- Unit 1: High ceilings, walk-in closet, office, ample kitchen, stall shower.
- Unit 2: Wide plank laminate flooring, large window, electric stovetop, built-in oven, eating area, shower over tub.
- Units 3, 4, 5 (upstairs): High ceilings, ceiling fans, mountain or city light views, kitchen with oven/range/refrigerator.
- Parking lot for 5 cars.
- Large basement and storage shed.
- Separate meters for each unit.
- Sump pump for added convenience.
- Fantastic commute location—walk to downtown Los Gatos.
Location Benefits:
- Prestigious Los Gatos neighborhood within walking distance to downtown.
- Family-friendly community with strong schools and low crime.
- Excellent investment opportunity—income-producing, fully occupied, and in high demand.
- Drive-by only—do not disturb tenants.