Seven-Unit Apartment Building For
7001 Eigleberry Street Gilroy, CA 95020
7001 Eigleberry Street, Gilroy, CA, 95020
$2,700,000
For Sale
$2,700,000
Well-maintained 7-unit apartment building with strong rental potential.
Property Size5,476 SF
Price / SF$493.06
Days on Market488
Property Features for 7001 Eigleberry Street
General Information
- Standard status
- Active
- Size
- 5,476 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1981
Listing Agency
J. BARR REALTY INC
(408) 847-7300
Listed by
JODI BARR
Source
Corcoran
Added: Mar 20, 2025 Updated: Jul 6 at 10:26 am Checked: Jul 20 at 2:59 am
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 J. BARR REALTY INC
Investment Insights
Based on property information with market context.
This well-maintained, owner-built and managed 7-unit apartment building features six 2-bedroom units and one 1-bedroom unit. Each unit includes an electric stove, refrigerator, microwave, dishwasher, garbage disposal, pantry, gas wall furnace, and in-wall air conditioner. The property also features an on-site laundry room with a coin-operated washer and dryer, and extensive security camera coverage. Mandatory SB 721 Balcony Inspection and repairs have been completed, and the balcony is permitted and finalized. The building has fire sprinklers. Located at the corner of Eigleberry and 10th Street, across from 7-Eleven, this property offers strong rental potential in a desirable location. The property size is 5476 square feet.
Key Highlights
- Meticulously maintained 7‑unit apartment complex with strong rental potential.
- Prime, high‑visibility corner location.
- Six 2‑bedroom units and one 1‑bedroom unit.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $197.1k | $36.00 |
| − Vacancy | −$7.9k | −$1.44 |
| EGI | $189.3k | $34.56 |
| − OpEx | −$85.2k | −$15.55 |
| NOI | $104.1k | $19.01 |
5,476 SF · lease $36.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.30M – $1.73M
NOI $104,088 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.31M
$2.89M – $3.86M
NOI $231,416 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 7-unit apartment building with strong rental potential.
Where is this apartment building located?
The property is located at 7001 Eigleberry Street Gilroy, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Meticulously maintained 7‑unit apartment complex with strong rental potential.; Prime, high‑visibility corner location.; Six 2‑bedroom units and one 1‑bedroom unit.
