Charming single-story, 2-bedroom cottage in the heart of Los Gatos' historic Almond Grove District, just two blocks from the vibrant downtown village with its acclaimed restaurants, boutiques, bookstore, art deco movie theater, cool cafes and everyday conveniences. This special property offers an exceptional opportunity to enjoy its existing vintage charm, thoughtfully remodel and expand, or explore redevelopment possibilities. Situated on an approximate 4,000sf lot, the property offers exciting potential for a buyer looking to create a home tailored to their vision. Based on information provided by the Town of Los Gatos Planning Division regarding the FAR, the potential allowable floor area includes expanding the existing 750sf floor plan to approximately 1,438sf, up to 400sf for garage, plus a potential ADU floor area of up to 800sf, subject to applicable Town requirements, approvals and development standards. See a rare opportunity to create something special in one of Los Gatos' most desirable and walkable neighborhoods just moments from everything the downtown proximity has to offer. Buyer to independently verify development potential, FAR, ADU allowances, historic requirements and all other building, planning and parking requirements with the Town of Los Gatos.