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$999,900

For Sale - Active
26145 Pierce Rd, Los Gatos, CA 95033
3 Beds
3 Baths
1,581 Square Feet
0.94 Acres Lot
Built in 1978
For Sale - Active
1 Units
Checked: 23 hours ago
Updated: Jun 16, 2025 at 03:11AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,441
Cap Rate
4.6%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.3%

Property Description


0.94 Acres Lot
Built in 1978
For Sale - Active
1 Units

Escape to the enchanting Los Gatos Mountains! This serene retreat is nestled among majestic oaks and redwoods on a .94-acre lot. The open floorplan offers wide views, with an expansive wrap-around deck for seamless indoor/outdoor living. Inside, hardwood floors grace the downstairs, and plush new carpet adds comfort upstairs. The kitchen features cherrywood cabinets with pull-out shelving, granite counters, and stainless steel appliances. Baths are nicely renovated. Cozy up by the fireplace on chilly evenings. The primary suite offers a walk-in closet and a spacious balcony for morning coffee and a "moment of zen". Other updates include newer central a/c and water heater, updated furnace, newer retaining walls & porch, and a watertight roof clearance. Defensible Space, Septic, and Low Flow Fixture clearances are all done, too. The terraced landscape includes a play area, garden beds, a chicken coop (laying hens stay), and a workshop/storage shed/possible office wired with electricity. About 20 minutes from Downtown Los Gatos and 30 minutes from Santa Cruz beaches, with easy access to Highway 17 via Summit Rd. Enjoy mountain living with top-rated schools, including Los Gatos High (buyer to verify schools). Experience the magic of this idyllic retreat!

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Location


Property Details


Parking

  • Description: Parking Lot
  • Details: Parking Lot
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Fireplace: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Rural/Agricultural

Lot Information

  • Parcel ID: 09349112
  • Lot Size: 40859 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1978

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air, Propane
  • Cooling: Central Air

Location

  • County: Santa Cruz

Listing Details


Listed by:
Becky Guillett
Compass
(408) 476-8317

Source:
bridgeMLS
MLS#: ML82001031
bridgeMLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,441
Cap Rate
4.6%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.3%

Purchase Details

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Purchase price:
$999,900
Amount financed:
-$799,920
Down payment:
$199,980
Closing costs:
$29,997
Rehab costs:
$0
Initial cash invested:
$229,977
Square feet:
1,581
Cost per square foot:
$632
Monthly rent per square foot:
$3.48

Financing Details

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Loan amount:
$799,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$5,236
Property tax:
$0
Insurance:
$385
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,621

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$5,500 $66,000
Vacancy loss: (6%)
6% -$330 -$3,960
Operating income:
$5,170 $62,040

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$385-$4,620
Property management: (8%)
8%-$440-$5,280
Repairs & maintenance: (5%)
5%-$275-$3,300
Capital expenditures: (5%)
5%-$275-$3,300
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$1,375-$16,500

Cash Flow


Monthly Yearly
Net operating income:
$3,795 $45,540
Mortgage payments:
-$5,236 -$62,832
Cash flow:
$1,441 $17,292