Rinconada Court Apartments
Sold For: $19,500,000
Size: 41 Units

The Azucena Group of Marcus & Millichap is pleased to announce the successful sale of the Rinconada Court Apartments, a 41-unit multifamily complex located in Los Gatos, CA. This was a rare opportunity for an investor to acquire a multifamily property of this size in Los Gatos, one of the most prosperous communities in the South Bay.

Rinconada Court Apartments is a 40-unit multifamily property located in northern Los Gatos, next to South San Jose. The unit mix consists of (3) 1 bedroom / 1 bathroom that are 800 sqft and (38) 2 bedroom / 1 bathroom that are 1,000 sqft. The property sits on a 2.63 acre (or 116,305 sqft) lot. Among the amenities offered are a courtyard, spacious units, and a laundry facility. 

Residents at Rinconada Court have the luxury of living in Los Gatos while a short distance away from Campbell and West San Jose. Rinconada Center is within walking distance and it has over 20 shops, restaurants, and services. Also within walking distance is the La Rinconada Country Club, which features a golf course, fitness center, and a dining hall. The property is a short drive from Netflix's main office, the largest employer in Los Gatos and the largest streaming service in the world.