4-Unit Apartment
New
For Sale
$1,599,000
1210 Juniper Dr, Gilroy, CA 95020
Four residential units feature two-bedroom, one-bath layouts near retail, dining, groceries, and everyday services.
Property Size3,605 SF
Price / SF$443.55
Days on Market1
Property Features for 1210 Juniper Dr
General Information
Standard status
Active
Size
3,605 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Painting bids are pending
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Rent Multiplier
14.18
Building Details
Year Built
1964
Listing Agency:
Albers Real Estate Investment Company
Listed By:
Hap Albers · License #01006595
(831) 372-1922
Source:
Pebblebeachproperties
Added: Sep 8
Last Checked: Sep 8 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Albers Real Estate Investment Company
Investment Insights
Based on property information with market context.
This 3,605-square-foot quadplex, built in 1964, contains four two-bedroom, one-bath apartments averaging 900+ square feet per unit. The property has an asphalt composition roof that is roughly 15 years old, while painting bids are pending.
Located in West Gilroy, the complex sits one block south of 1st Street. Nearby amenities identified for the property include retail shops, restaurants, grocery stores, coffee shops, banks, pharmacies, and gyms. The offering reflects a 14.18 GRM.
Located in West Gilroy, the complex sits one block south of 1st Street. Nearby amenities identified for the property include retail shops, restaurants, grocery stores, coffee shops, banks, pharmacies, and gyms. The offering reflects a 14.18 GRM.
Key Highlights
- Four two‑bedroom, one‑bath units averaging 900+ sq. ft. per unit
- 3,605‑square‑foot quadplex built in 1964
- 14.18 GRM
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,364
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,607,280
$1.6M
Cap Rate 7%
$1,148,057
$1.1M
Cap Rate 9%
$892,933
$892.9K
Market Conditions
NOI Build-Up for 3,605 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$121.1K $33.60/SF
− Vacancy
−$6.3K −$1.75/SF
EGI
$114.8K $31.85/SF
− OpEx
−$34.4K −$9.55/SF
NOI
$80.4K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,607,280
Cap Rate 7%
$1,148,057
Cap Rate 9%
$892,933
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,364 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$978.9K
$856.6K – $1.14M
NOI $68,524 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$2.18M
$1.90M – $2.54M
NOI $152,348 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 95020, CA
68,090
Population
20,679
Households
3.3
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
151.8 sq mi
ZIP Area
449
Density / Sq Mi
$134,242
Median Household Income
$50,421
Median Earnings
$2,256
Median Rent
$1,005,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature two-bedroom, one-bath layouts near retail, dining, groceries, and everyday services.
Where is this quadplex located?
The property is located at 1210 Juniper Dr Gilroy, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units averaging 900+ sq. ft. per unit; 3,605‑square‑foot quadplex built in 1964; 14.18 GRM
