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$1,625,000

For Sale - Active
416 Clearview Dr, Los Gatos, CA 95032
3 Beds
2 Baths
1,409 Square Feet
0.07 Acres Lot
Built in 1977
For Sale - Active
Units n/a
Checked: 1 hour ago
Updated: Jun 23, 2025 at 03:16AM

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
-$5,757
Cap Rate
1.8%
Cash-on-Cash Return
-18.5%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-13.9%

Property Description


0.07 Acres Lot
Built in 1977
For Sale - Active
Units n/a

This beautifully remodeled single level townhome in Los Gatos offers 3 bedrooms, 2 bathrooms, and 1,409 sq ft of thoughtfully upgraded living space. Located in a highly sought-after community with access to award-winning Los Gatos schools, this home combines comfort, style, and convenience. The interior has been fully updated by the owner, featuring a modern kitchen with new cabinetry, countertops, and stainless steel appliances, along with tastefully renovated bathrooms, new flooring throughout, dual-pane windows, and a brand-new HVAC system for efficient climate control. Originally designed as a 2-bedroom with a study, the floorplan has been smartly reconfigured to include a true third bedroom, offering flexibility for guests, a home office, or family needs. The open layout and single-level design make this home both functional and welcoming. Ideally situated close to major freeways, tech campuses, and the vibrant shops and dining of downtown Los Gatos, this townhome offers an exceptional lifestyle in one of Silicon Valleys most desirable neighborhoods. Dont miss the opportunity to own this turnkey property. Schedule a tour today and experience everything this move-in-ready home has to offer.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement Description: Crawl Space
  • Fireplace: Yes

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Wimbledon Place
  • HOA Fee: $645/monthly
  • Additional Association: Wimbledon Place

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 40946010
  • Lot Size: 2918 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1977

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air
  • Cooling: Other

Location

  • County: Santa Clara

Listing Details


Listed by:
Raymond Ong
KW Santa Clara Valley Inc
(408) 888-8860

Source:
bridgeMLS
MLS#: ML81999503
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
-$5,757
Cap Rate
1.8%
Cash-on-Cash Return
-18.5%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-13.9%

Purchase Details

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Purchase price:
$1,625,000
Amount financed:
-$1,300,000
Down payment:
$325,000
Closing costs:
$48,750
Rehab costs:
$0
Initial cash invested:
$373,750
Square feet:
1,409
Cost per square foot:
$1,153
Monthly rent per square foot:
$3.19

Financing Details

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Loan amount:
$1,300,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$8,217
Property tax:
$0
Insurance:
$315
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,532

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,500 $54,000
Vacancy loss: (6%)
6% -$270 -$3,240
Operating income:
$4,230 $50,760

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$315-$3,780
Property management: (8%)
8%-$360-$4,320
Repairs & maintenance: (5%)
5%-$225-$2,700
Capital expenditures: (5%)
5%-$225-$2,700
HOA fees: (14%)
14%-$645-$7,740
Total operating expenses: (39%)
39%-$1,770-$21,240

Cash Flow


Monthly Yearly
Net operating income:
$2,460 $29,520
Mortgage payments:
-$8,217 -$98,604
Cash flow:
$5,757 $69,084