$995,000
$105K PRICE DROP

2035 Pacheco Pass Hwy Gilroy, CA 95020

Estimated payment $5,593/month

Total Views 400,870
4 Beds
2 Baths
2,682 Sq Ft
$371 Price per Sq Ft

About This Home

Major price reduction!! DO NOT disturb occupants. Shown by appointment only. Incredible opportunity to own one of the most unique properties on Pacheco Pass Highway. Property consists of two parcels being sold together (APN# 841-23-013 & 841-23-009) with a operating market, single family home, 1 bedroom cottage, detached shop/barn, small orchard, and open land for farming! Great income potential. 3 electrical meters & 2 gas meters. There are 7 marked parking stalls and tons of additional off street-parking. Approximately 2.13 acres of land. The market is profitable and with the newly installed traffic light at Pacheco Pass Highway and Fraiser Lake Road, business has picked up tremendously! All units are in move-in condition. This is a exceptional investment/owner user opportunity that is just minutes to the town and in the path of future development.

Listing Agent

Vic Borelli

Victoria Properties License #01070031 Listed on: 09/09/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $600

Year Built

  • 1940

Lot Details

  • 1.94 Acre Lot

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • 2,682 Sq Ft Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter
  • Well
  • Septic Tank

Community Details

Overview

  • 2,682 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $900
  • Operating Expense $14,650
  • Gross Income $69,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$600

Year Built

1940

Lot Details

0

Parking

1

Listing Details

  • Zoning: A-40A
  • Subclass: Multiple Dwellings / Structures
  • Age: 76
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2682
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 2682

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 7
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Septic Tank / Pump

Schools

  • School District: Gilroy Unified

Lot Info

  • Lot Acres: 1.9440
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 84680.64
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 84680.64

Rental Info

  • Gross Rent Multiplier: 14.30
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 900
  • Expenses Total: 14650
  • Income Annual Gross: 69600.00
  • Income Annual Rental: 69600
  • Income Gross Scheduled: 69600
  • Income Includes: Owners Unit Rental
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 3
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $600 $36,172 $14,462 $21,710
2023 $595 $35,464 $14,179 $21,285
2022 $498 $34,769 $13,901 $20,868
2021 $491 $34,088 $13,629 $20,459
2020 $484 $33,740 $13,490 $20,250
2019 $479 $33,079 $13,226 $19,853
2018 $452 $32,431 $12,967 $19,464
2017 $454 $31,796 $12,713 $19,083
2016 $433 $31,173 $12,464 $18,709
2015 $412 $30,705 $12,277 $18,428
2014 $382 $30,105 $12,037 $18,068
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2018 06/24/18 For Sale $995,000 0.0% $371 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
08/22/2017 08/22/17 Price Changed $995,000 -9.5% $371 / Sq Ft
09/09/2016 09/09/16 For Sale $1,100,000 -- $410 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Source: Public Records

Similar Home in Gilroy, CA

  • 7521 Chestnut St, Gilroy, CA 95020

    $950,000

    • 4 Beds
    • 2 Baths
    • 1,546 Sq Ft
    • 7521 Chestnut St
    • Gilroy, CA

    Great investment with great income, two home on one parcel, front house with 3 bedroom 1 bath including garage conversion with 820 sq-ft not counting garage conversion. back house with 3/1/ including carport conversion with 730 sq-ft, carport conversion is not included in the sq-ft. Both houses are rented and both tenants like to stay.

    Mike Masoumi RE/MAX Santa Clara Valley

    Section Image

Source: MLSListings

MLS Number: ML81613619

MLSListings

APN: 841-23-009