$1,399,000 Price Analysis   ♡   Gilroy, CA 95020 8 bed 4 bath 3,058 SqFt ($457/SqFt) 7,405SqFt lot. Built 1964 Listed 2024-07-11, Taxes $4,115 | Ⓧ USDA Ineligible due to price & location near Gilroy |
Incredible Investment Opportunity!
This property features four units, each with 2 bedrooms and 1 bathroom, offering comfortable and convenient living spaces. With all units currently occupied and in high demand, this property presents an excellent investment prospect. Each unit is equipped with its own electric and gas meter.
The property offers convenient location a short drive from shopping, restaurants and essential amenities. Rents are at below-market rents. Market rent is between $2, 100 to $2, 300 monthly for each unit. With exceptional potential and tremendous upside, this property is not to be missed. Dri ve-by viewings are welcome, but kindly respect the privacy of the tenants and refrain from disturbing them.
Presented by Jenny Huang at
Coldwell Banker Realty.
Property MLS #ML81972824 from MLSListings
Heating Features: Wall Furnace
Lot Size Source: Assessor
Lot Size Square Feet: 7405
Parking Total: 8
Calculated Total Monthly Association Fees: 0
Gardener Expense: 569
Maintenance Expense: 3200
Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit-1 Square Feet: 765
Unit-2 Square Feet: 765
Unit-3 Square Feet: 765
Unit-4 Square Feet: 765
Unit 1 Total Actual Rent: 1100
Unit 2 Total Actual Rent: 1100
Unit 3 Total Actual Rent: 1125
Unit 4 Total Actual Rent: 1125
High School District: Gilroy Unified
Map directions Map directions Map directions Map directionsIncome Includes: Laundry
Source Listing Status: Active
County: Santa Clara
Cross Street: Old Gilroy St
Source Property Type: Residential Income (2-4 units)
Inclusions: Building, Land, Oven/Range - All Units
Insurance Expense: 3243
Area: Morgan Hill / Gilroy / San Martin
Source Neighborhood: Morgan Hill / Gilroy / San Martin
Parcel Number: 841-10-006
Postal City: GILROY
Zoning: R3
Property Subtype: Fourplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $229,671 + $86,116 $315,787 | $4,115 |
| 2021 | $225,168 + $84,428 $309,596 | $4,095 |
| 2020 | $222,860 + $83,563 $306,423 | $4,051 |
| 2019 | $218,491 + $81,925 $300,416 | $4,014 |
| 2018 | $214,207 + $80,319 $294,526 | $3,754 |
| 2017 | $210,007 + $78,745 $288,752 | $3,830 |
| 2016 | $205,890 + $77,201 $283,091 | $3,749 |
| 2015 | $202,798 + $76,042 $278,840 | $3,542 |
| 2014 | $198,826 + $74,553 $273,379 | $3,520 |
| 2013 | $197,928 + $74,217 $272,145 | $3,486 |
| 2012 | $194,048 + $72,762 $266,810 | $3,421 |
| 2010 | $190,244 + $71,336 $261,580 | $3,474 |
| 2009 | $189,272 + $70,972 $260,244 | $3,393 |
| 2009 | $188,823 + $70,803 $259,626 | $3,393 |
| 2008 | $185,561 + $69,581 $255,142 | $2,963 |
| 2007 | $181,923 + $68,217 $250,140 | $3,094 |
$1,399,000
MLSListings
Operating Expense Includes: Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
Year Built: 1964
Foundation Details: Concrete Slab
Property Age: 60
Roof: Composition
Levels or Stories: 2
Total Area Sqft: 3058
Year Built Source: Assessor
Individual Electric Meters
Individual Gas Meters
Natural Gas
Public Utilities
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.