Unprecedented opportunity for owner/user or investor in one of the most sought-after East Los Gatos Neighborhoods, incredibly close to top-rated private and public Los Gatos Schools. This storybook 3 bedroom, 1 bath bungalow has been owned by same local family for almost 40 years, and is situated on a flat 7707 square foot lot, adorned with heritage walnut, lemon, and grapefruit trees. Move-in ready with updates just completed including gorgeous refinished hardwood floors, new designer paint inside & out, new carpeting, and new lighting fixtures. The charming kitchen features tile counters, eat-in area, ample cabinetry/pantry areas, and brand new Stainless LG appliances. Bathroom updates include new flooring, vanity, plumbing fixtures, lighting, and refinished bathtub. The home also features a convenient mud room with inside laundry (220V), forced air furnace, and a generous basement at the rear of the structure. The size and caliber of surrounding homes echo Town of Los Gatos Planning Department comments regarding the remarkable development potential of this location (buyer to verify). Choose to either rent quickly or move-in while planning your forever dream home, and begin to enjoy the wonderful and convenient lifestyle afforded by this outstanding East Los Gatos location!