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    420 Broadway Gilroy, CA 95020

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    For Sale
    $5,299,000

    16-unit apartment complex in Gilroy, near outlets and shopping.

    Property size:
    11,526 SF

    Property Features for 420 Broadway

    General Information

    Standard status
    Active
    Size
    11,526 SF

    Building Details

    Year built
    1958
    Source: Corcoran

    Listing Agent: Adam S. Levin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gilroy Multifamily Investment Opportunity

    Azure Apartments is a 16-unit apartment complex built in 1958, situated on a 34,000 square foot parcel in Gilroy, CA. The property has a gross building area of approximately 11,526 square feet. It features two-bedroom and one-bedroom floor plans. Select units include individual fireplaces and private yards. The property also offers private covered parking. Each unit has a separate water heater and its own PGE meter. The property is located 1.4 miles from The Premium Gilroy Outlets, located off Highway 101, which houses 145 outlet stores. It is also walking distance from the Town Plaza Shopping Center, which offers dining, shopping, and entertainment options. Nearby attractions include the Annual Gilroy Garlic Festival and the Gilroy Gardens theme park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.578408
    Latitude
    37.01418

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    FAQs

    What type of property is this?
    Apartment building - 16-unit apartment complex in Gilroy, near outlets and shopping.
    Where is this apartment building located?
    The property is located at 420 Broadway Gilroy, CA.
    What is the asking price?
    The asking price for this property is $5,299,000.
    What are key features of this property?
    This property features: - 16-unit apartment complex in Gilroy, CA, offering a stable investment opportunity.; - Located 1.4 miles from the Premium Gilroy Outlets, a major attraction.; - Walking distance to Town Plaza Shopping Center with diverse options.
    Request Owner's contact information
    420 Broadway Gilroy, CA 95020
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    Gilroy, CA 95020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Broadway Gilroy, CA 95020
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