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16 Terrace Court, 
Los Gatos, CA 95030

$2,499,000

—

Bed

—

Bath

2,123

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Bill Rippe

Christie'S International Real Estate Sereno

Last updated:

January 18, 2026, 05:37 PM

MLS#

82031463

Source:

CAREIL

About This Home

16 Terrace Court

Well-maintained and fully updated triplex offering strong income with low operating expenses. The property features two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all in excellent condition with nothing needed. Each unit offers larger kitchens, generously sized bedrooms and bathrooms, in-unit washer/dryers, private porches, and outdoor areas ideal for planting or personal use. Centrally located near the high school off of East Main then Pleasant Street, providing excellent walkability to town and trails and consistent tenant demand. Solid rental history with good rents, very low expenses, and reliable long-term tenants in place with newly extended leases. Turnkey investment with stable cash flow, would be easily filled if vacated due to location and unit quality. Expenses provided are estimates for 12 months.

Home Facts

Multi-Family

Built in 1954

Price Summary

2,499,000

$1,177 per Sq. Ft.

MLS #:

82031463

Last Updated:

January 18, 2026, 05:37 PM

Added:

5 day(s) ago

Rooms & Interior

Interior

Living Area:

2,123 Sq. Ft.

Structure

Structure

Building Area:

2,123 Sq. Ft.

Year Built:

1954

Lot

Lot Size (Sq. Ft):

7,830

Finances & Disclosures

Finances

Price:

$2,499,000

Price per Sq. Ft:

$1,177 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.