Technical
Financial
Distress signals
Property profile

450 8th St Gilroy, CA 95020

OFF-MARKET
Apartment buildings
Property ID
US09-2857746
25,200 SF 1.72 ac lot Built 1987
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1987
Construction WOOD
Total area 25,200 SF
Lot 1.72 ac (74,923 SF)
Zoning code R4
APN 841-12-046
UPID US09-2857746

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

450 8th St Gilroy, CA 95020-6650
Gilroy metro Census 512603 SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.67M
Blend (final) Blend
$2.08M

Owner & transaction history

since 2022
Last sale
$2.4M
3 recorded transactions
2022
Price N/A
2022
Price N/A
2016
$2.4M

Zoning & alternative use

R4 · Gilroy, CA
Zoning description

R4 high density residential district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 ) § 30.8.20 Permitted uses and conditional uses. Land in the R4 high density residential district may be used as provided in the residenti…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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