PRICE REDUCTION - 115 Towne Terrace provides an opportunity to acquire an immaculately updated and maintained 8 unit apartment building in the heart of downtown Los Gatos in an infill "A" location. The property is comprised of (2) 2x1s and (6) 1x1s. The exterior boasts the following major upgrades: new dual pane windows throughout, new paint, new roof in 2013 & asphalt resealed in 2018. A short walk to Vasona Lake County Park, University Ave, and N Santa Cruz you are steps away from all the cultural amenities, shops, restaurants, and entertainment downtown Los Gatos has to offer. The building is a short walk to Safeway, Campo Di Bocce, Old Town Los Gatos Shopping center and the Los Gatos Creek Walking Trail. Average home price over $1.8M, top ranked schools, near major employers. 115 Towne Terrace and 205 Avery Lane are available to purchase separately or together as a 16 unit complex. There are on adjacent parcels on a corner lot.