Bought with Sabrina Martinez • Keller Williams Property Team
$1,650,000
$1,699,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
3,216 SqFt
SOLD DATE : 06/06/2025
Key Details
Sold Price $1,650,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,216 sqft
Price per Sqft $513
MLS Listing ID ML81996610
Sold Date 06/06/25
Bedrooms 1
Full Baths 1
Year Built 1958
Lot Size 7,500 Sqft
Property Sub-Type Five or More Units
Property Description
Charming Six-Unit Apartment Complex in prime Gilroy location! This well-maintained six-unit apartment complex offers a blend of comfortable living and convenient access to all that Gilroy has to offer. Built in 1958, this property presents a solid foundation for steady rental income with potential for future value appreciation. The complex features six one-bedroom, one-bathroom units, catering to a wide range of tenants. Three units are located upstairs with lots of sunlight capturing windows, providing a unique and spacious feel. The other three units are conveniently situated on the ground floor, offering residents direct access to a well-maintained and manicured lawn. On-site laundry facilities, equipped with a washer and dryer, provide added convenience for residents. All units feature similar layouts with a living room, kitchen, and bathroom equipped with a standard tub and shower. Six assigned carport spaces are available at the rear of the building, supplemented by ample street parking. Daily conveniences with Safeway, Starbucks, CVS, Wells Fargo, Anytime Fitness, and Gilroy Gardens all nearby. This property offers a fantastic opportunity for both seasoned and first-time investors looking to capitalize on Gilroy's growing rental market.
Location
State CA
County Santa Clara
Area Morgan Hill / Gilroy / San Martin
Zoning R3
Rooms
Kitchen Appliances - Vary by Unit, Refrigerator
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Vinyl / Linoleum
Laundry Coin Operated
Exterior
Parking Features Carport , On Street
Utilities Available Public Utilities
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter, Post and Pier
Sewer Sewer - Public
Water Public
Others
Restrictions Parking Restrictions,Pets - Not Allowed
Tax ID 799-02-003
Security Features None
Special Listing Condition Not Applicable
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