Property summary
A two-story, stand-alone 5-unit multifamily property located in Gilroy. The building contains five 1-bedroom, 1-bath units, each approximately 766 square feet, for a total building area of about 3,830 square feet. The configuration includes four updated bathrooms and three updated kitchens. Exterior improvements include replaced siding, replaced windows, and fresh exterior paint. The property provides a large private yard and a shared laundry room. Parking totals nine spaces, consisting of five assigned tenant spaces and four guest spaces. The site is positioned near Downtown Gilroy’s retail and dining areas, with convenient access to major employers and major highways, and offers commuting connectivity via train to San Francisco and Silicon Valley.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
R3 multiple-family residential district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 ) § 30.7.20 Permitted uses and conditional uses. Land in the R3 multiple-family residential district may be used as provided in the res…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R3 · Gilroy, CAR3 multiple-family residential district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 ) § 30.7.20 Permitted uses and conditional uses. Land in the R3 multiple-family residential district may be used as provided in the res…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
R3 multiple-family residential district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 ) § 30.7.20 Permitted uses and conditional uses. Land in the R3 multiple-family residential district may be used as provided in the res…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R3 in Gilroy, CA.
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